Prepaid Cards

Despite consumers’ intentions to spend more on gifts this holiday season than in 2020, concerns about ongoing shipping delays and low product inventories are making gift cards a more attractive gift option.  Indeed, 33% of consumers say they would purchase a gift card if they were unable to get a …

Corcentric, a business-to-business payments provider, said it will go public via a merger with North American Merger Corp., a special purpose acquisition company. The company’s network supports more than 450,000 buyers and more than 1.4 million suppliers and processes more than $100 billion in volume annually.Chainalysis, a provider of blockchain …

Paycast Inc., a payments provider for online merchants, e-commerce platforms, and marketplaces, is partnering with Marqeta Inc. and Mastercard Inc. to launch a digital card product for marketplace sellers. The card will enable marketplace sellers to have immediate access to funds from the proceeds of a sale once the transaction …

Consumer concerns about slow deliveries and worldwide inventory issues means some 45% of holiday-season spending this year will go to gift cards, according to survey results from consumers in 10 countries gathered by Blackhawk Network Holdings Inc. That represents a 27% increase in gift card spending from last year’s holidays, Blackhawk says. …

Cryptocurrency platform Bakkt Holdings Inc. reported $9.1 million in revenue for the quarter ended Sept. 30, up 38% year-over-year. The company’s net loss expanded 61% to $28.8 million. Bakkt has recently formed partnerships with Mastercard Inc. to allow banks to issue crypto-linked credit and debit cards and with Fiserv Inc. for a future integration …

Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …

Payments company Tidal Commerce said it will acquire Merchant Bancard Processing, a merchant-services company. Terms were not disclosed.Gift card and loyalty provider Factor4 LLC announced an integration with Valor Paytech, a gateway and point-of-sale terminal provider.BNPL provider Zip Co. Ltd. found in its “Holidays Unzipped: 20201 Holiday Spending Report” that nearly 51% of U.S. consumers intend …

Global merchant dollar volume grew 20% in the third quarter year-over-year for processor Fiserv Inc., while global e-commerce volume increased 21%, the company reported. Overall global transactions expanded 16%. The company did not report actual figures. Revenue for the quarter was $3.96 billion, up 10%. Year-to-date revenue was $11.37 billion, an …

Independent software vendors can integrate technology directly into Fiserv Inc.’s Clover point-of-sale terminals under Fiserv’s new platform-as-a-service program, the company announced.Processor Usio Inc. signed an agreement with independent software vendor BoosterHub LLC that will integrate Usio’s payment services into BoosterHub’s cloud-based software for thousands of school booster clubs.Payment gateway Cardknox Inc. said its processing capabilities can …

International payments provider Klarna Bank AB acquired Inspirock, an online trip planner used by 25 million customers annually. Terms were not disclosed.In related news, Klarna said it is working with software-as-a-service platform provider Wix.com Inc. to enable Wix’s e-commerce merchants in 17 countries to accept payments through Klarna.Processor Lightspeed Commerce Inc. expanded its Lightspeed Capital program …