News

May, 2021

• 27 May

  As Consumers Crowd Into E-Commerce, Square Looks to Ease Seller Listings on Google

  

  With merchants of all sizes looking to get in on the rush to e-commerce triggered by the Covid-19 pandemic, Square Inc. announced Thursday morning a service that lets sellers set up a product listing on Google. The new program, aimed at merchants using Square for Retail, aims at simplifying online …
• 27 May

  SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21

  

  SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
• 26 May

  As Consumers Revisit Stores, J.P. Morgan Teams Up With ACI to Expand in Europe And the U.K.

  

  With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …
• 26 May

  Fortis Acquires EpicPay And Change Merchant Solutions to Add Integrated Payments Swagger

  

  Fortis Payment Systems LLC is the latest acquirer to build up its integrated payments position, announcing Wednesday the acquisitions of EpicPay International LLC and Change Merchant Solutions LLC. The two deals will boost Fortis’s options for independent software vendors and developers, the company says. “Technology partners will be able to …
• 26 May

  Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21

  

  Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …
• 25 May

  How Insurers Have Proven To Be a Big Growth Market for Digital Payouts

  

  The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …
• 25 May

  Eye on Acquisitions: Sift Embraces Chargeback, While GreenBox Buys an ISO

  

  Sift Science Inc. has agreed to acquire Chargeback Inc., a specialist in applying dispute-resolution technology to help merchants resolve chargebacks. Terms were not announced. The deal comes as card-not-present fraud in particular is soaring as consumers over the past year have adopted online shopping, many for the first time. U.S. …
• 25 May

  dLocal Launches IPO and other Digital Transactions News briefs from 5/25/21

  

  Payments platform dLocal Ltd. announced the launch of its initial public offering involving more than 29 million shares with an estimated price range of $16 to $18 per share.ACI Worldwide Inc. is collaborating with JPMorgan Chase & Co. to combine Chase’s European acquiring platform with ACI’s payments platform in an offering to merchants …
• 24 May

  ThetaRay Introduces an Anti-Money Laundering Tool for Cross Border Payments

  

  With criminals continually devising ways to defeat rules-based applications used for detecting illicit cross-border payments, ThetaRay Ltd., an Israel-based cybersecurity and data-analytics firm, on Monday introduced SONAR, a software-as-a-service-based machine-learning application that detects known and unknown risks associated with cross-border payments. Using machine-learning algorithms, SONAR identifies normal characteristics within specific …
• 24 May

  GreenBox Gains a BIN From Merrick Bank As It Eyes Bigger Merchants for Blockchain Processing

  

  Much of the publicity swirling around blockchain technology concerns its use for recording and managing cryptocurrency, but there has been little talk about using blockchain to manage merchant transactions. GreenBox POS, a San Diego-based processor, changed that on Monday with its announcement that it has secured a bank identification number, or …