News

December, 2020

• 17 December

  Bill Payments Account for One-Fifth of U.S. Consumer Spending, Research Shows

  

  Household bill payments now total $2.75 trillion per year in the United States, accounting for 21% of all spending by U.S. consumers, according to a report released Thursday by doxo Inc., a provider of digital billing and payment services. The Seattle-based company’s research looks at bill payments via bank accounts …
• 17 December

  BitPay And Slide Mobile Look to Rewards to Spur Everyday Cryptocurrency Spending

  

  Startup Slide Mobile is betting that consumer’s love of rewards, coupled with the growing momentum behind cryptocurrency as a contactless payment option during the Covid-19 pandemic, will entice more consumers to use its mobile-payments app. Slide announced this week it is partnering with BitPay Inc., an Atlanta-based processor that offers …
• 17 December

  Hale & Hearty Picks Appetize and other Digital Transactions News briefs from 12/17/20

  

  The Hale & Hearty Soups fast-casual chain of 20 locations in Boston and the New York City area has chosen Appetize Technologies Inc. to upgrade its point-of-sale operations. The deployment is expected to conclude next month.With consumers worldwide reluctant to travel by air because of fears of catching Covid-19, some 78% of …
• 16 December

  As Digital Payments Heat Up, Fiserv Agrees to Acquire Card-Control Technology Provider Ondot

  

  Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. The deal is expected to close in the first quarter …
• 16 December

  Why Its Deal for Poynt Means More Than Payment Terminals for Web Giant GoDaddy

  

  GoDaddy Inc.’s agreement to buy Poynt Co., announced late Tuesday, will broaden GoDaddy’s focus into payment services for online merchants and could make the Web-services company a key player in merchant acquiring, observers and company executives say. The deal, in which GoDaddy has agreed to pay $320 million in cash …
• 16 December

  Openpay Joins U.S. BNPL Market and other Digital Transactions News briefs from 12/16/20

  

  Openpay Group Ltd., an Australian buy now, pay later processor, began operations in the U.S market. Simultaneously, the company announced former Deloitte executive Brian Shniderman has been appointed chief executive of the U.S. operation.Fidel Ltd., a provider of financial application programming interfaces, said its API is enabling cash-back offers for …
• 15 December

  ATM Operator Cardtronics Will Go Private in a $2.3 Billion Deal With Hudson And Apollo

  

  Less than a week after receiving a buyout offer, Houston-based ATM network operator Cardtronics Inc. has entered into a definitive agreement to be acquired by Hudson Executive Capital and Apollo Global Management for $35 per share. The purchase price is $4 per share more than the initial offer and represents a …
• 15 December

  Buy Now, Pay Later Comes to POS Devices As Klarna Strikes a Deal With Verifone

  

  Klarna’s buy now, pay later payment options are coming to Verifone Inc. point-of-sale devices, Klarna AB announced Tuesday. This marks the first buy now, pay later option to be available on Verifone POS terminals in the United States and Europe as part of the Verifone Cloud Services platform, Klarna says. …
• 15 December

  Paysafecash Makes U.S. Debut and other Digital Transactions News briefs from 12/15/20

  

  Payments provider Paysafe Group Holdings Ltd. announced the U.S. launch of Paysafecash, a digital service that allow consumers to pay online in cash. The service is provided by InComm Payments’ Vanilla Direct payment network.Some 30% of consumers have signed up for peer-to-peer payment platforms in the past six months, according to a survey …
• 14 December

  Will a U.K. Class Action Case Influence Interchange Policy in the United States?

  

  A class of 46 million consumers in the United Kingdom cleared a major hurdle last week when the country’s Supreme Court ruled that a class-action suit brought against Mastercard Inc. for excessive interchange fees can proceed. But they still face a major challenge proving that consumers were materially harmed by …