News

January, 2022

• 3 January

  Repay Acquires Payix and other Digital Transactions News briefs from 1/3/22

  

  Payments provider Repay Holdings Corp. announced it has acquired payments-technology provider Payix for $95 million at closing plus up to $20 million in earnouts contingent on Payix’s 2022 performance.Mobile-parking app provider ParkMobile LLC said an agreement with the city of Clarksville, Tenn., covers 234 on- and off-street spaces in the city’s downtown. ParkMobile claims …

December, 2021

• 30 December

  LINGA rOS and Evertec Pursue Hospitality Market and other Digital Transactions News briefs from 12/30/21

  

  LINGA rOS, a provider of restaurant point-of-sale technology, said it will work with Evertec Inc., a payments processor concentrated in the Caribbean and Latin America, to serve the hospitality market in those regions.Unattended payments provider Cantaloupe Inc. announced Enhance, an artificial intelligence and machine learning technology-based service from Hivery, a data-science company, …
• 29 December

  PayByPhone App Sees $550 Million in Annual Payments and other Digital Transactions News briefs from 12/29/21

  

  PayByPhone Technologies said it launched its parking-payments app in 25 additional locations in 2021, including 21 cities and four universities. Globally, the app is available in more than 1,000 cities and processes more than $550 million in payments annually.Aderant, a business management software provider, announced a partnership with LawPay that will …
• 28 December

  Why Integrated Payables are the Future of B2B Payments

  

  The “digital first” world has arrived—and there’s no turning back. While B2B payments have lagged behind consumer payments in digital adoption, that’s changing quickly. Goldman Sachs Research has predicted that B2B payments are on the verge of a technological breakthrough, leading to a $1.5 trillion revenue-saving opportunity by 2028.  One …
• 28 December

  Investor Takes Stake in Poynt Parent and other Digital Transactions News briefs from 12/28/21

  

  Shares in Web-services company GoDaddy Inc. rose more than 8% on Monday on the news that Starboard Value had bought a 6.5% stake in the company, which last year acquired payments-technology firm Poynt Inc. to launch its GoDaddy Payments unit. Green Dot Corp. and ACI Worldwide Inc. are two other payments companies in Starboard’s portfolio.LawPay, a …
• 27 December

  E-Commerce Sales up 11% and other Digital Transactions News briefs from 12/27/21

  

  E-commerce sales increased 11% in the Nov. 1 to Dec. 24 period compared to the same time last year, and were up 61.4% from the same time in 2019, according to the latest Mastercard SpendingPulse report.Fintech Aizen Global Co. Ltd. said it is working with BNY Mellon to develop banking-as-a-service for banks and …
• 23 December

  How the ACH May Have Been the Winner of the Pandemic Payments Sweepstakes

  

  The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …
• 23 December

  The CHUCK Network’s Focus: Create A Better P2P Experience, Not Compete With Zelle

  

  Rather than compete directly with Zelle and other peer-to-peer payment networks, the recently launched CHUCK network plans to position itself as a P2P network that eases money transfers for users, officials say. One such feature in the works is the ability for users to create a directory of destinations to allow …
• 23 December

  Colony Bankcorp Launches Merchant-Acquiring Division and other Digital Transactions News briefs from 12/23/21

  

  Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
• 22 December

  Community Banks Launch Chuck, Their Own Peer-to-Peer Payments Network

  

  A new competitor in the peer-to-peer payments landscape emerged Wednesday with the introduction of CHUCK, an open-loop P2P network founded by 10 community banks. The new network uses technology from digital payments platform provider Payrailz that enables customers of any of the member banks to send money to a debit card …