Digital Transactions Authoritative, insightful and timely information for payments professionals
It may be the midst of winter, but some payment companies are preparing for the travel season. Travelers booking passage on a Norwegian Cruise Line ship can now use their PayPal Holdings Inc. digital wallet to pay for their cruises. PayPal says the payment option is available for trips with …
February, 2025
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11 February
Worldpay Is Doing Well, But It’s Not a ‘Growth Driver’ for FIS, Execs Say
Top executives at FIS Inc. early Tuesday reported accelerating revenue in 2024 and see that momentum carrying into the new year, but the energy appears to be coming from financial technologies apart from the big Worldpay merchant-processing platform. “Worldpay has not been a growth driver in 2024, and won’t be …
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11 February
Paysafe Offloads Part of its Business and other Digital Transactions News briefs from 2/11/25
Paysafe Ltd. has agreed to sell its direct marketing payment processing business, including reseller and merchant contracts, to Kort Payments, a company run by Joel Leonoff, Paysafe’s founder and former chief executive. Terms were not announced. Paysafe said this business “consists of direct marketing and other card-not-present volume in both complex …
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10 February
Eye on BNPL: Affirm’s Toothy Win; Gateway Adds Klarna Integration
Coast Dental, a dental practice with 100 locations in Florida, Georgia, and Texas, added Affirm’s buy now, pay later payment options. In related news, Decta Ltd., a United Kingdom-based fintech, has integrated Klarna AB’s BNPL service into its white-label payment gateway. Tampa, Fla.-based Coast Dental says the Affirm payment option …
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7 February
Paysafe’s Shares Climb As Wall Street Buzzes With Takeover Talk
Paysafe Ltd., one of the world’s largest payments processors, has developed a highly sophisticated stake in online gaming, but lately the odds may favor a change in ownership for the publicly held London-based company, according to industry speculation. News emerged late Thursday that the company’s current valuation–$1.4 billion, down from …
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7 February
Judge Grants More Banks Relief from Illinois Interchange Law, But Stops Short of Going All the Way
U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday to include more financial institutions but stopped short of providing blanket relief from the law for all financial institutions and the card networks. Kendall, a judge in the Northern District of Illinois, ruled that …
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7 February
Affirm Revenue up 47% and other Digital Transactions News briefs from 2/7/25
Buy now, pay later specialist Affirm Holdings Inc. reported $866.4 million in revenue for its fiscal second quarter ending Dec. 31, up 46.4% from $591.1 million in the year prior quarter. With a profit of $80.4 million, Affirm reversed last year’s quarterly loss of $166.9 million. Among other metrics for the quarter, …
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6 February
Evolv Partners With United Bankers Bank, While Deluxe Posts 2024 Earnings
Evolv Inc. has partnered with United Bankers Bank to provide a merchant-services program to UBB’s community-bank customers. The deal is expected to advance innovative payment solutions across the financial institutions served by United Bakers Bank, according to Evolv and UBB. The services will make up a “concierge-style, white-glove” merchant-services program …
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6 February
Lightspeed Says It Will Remain Public As It Posts a 17% Revenue Bump
After more than 19 weeks of strategic review, Lightspeed Commerce Inc. said Thursday it will remain a publicly traded company. That will mean a renewed emphasis on retail, too, it said. Montreal-based Lightspeed announced the review in September, having brought back founder Dax Dasilva as chief executive a year ago, …
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5 February
Fiserv Gets Set for a New CEO As Bisignano Trumpets a Strong Quarter
President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …
