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- Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.
- The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions grew 7.8% to 154.2 million.
- The digital-asset platform Bakkt Holdings Inc. reported its transacting accounts increased 26% in the first quarter year-over-year, to 678,000, while digital-asset conversion volume grew 91% to $182 million. Net revenues totaled $12.5 million, up 54%, while the operating loss expanded 71%, to $48.5 million.
- Prepaid card provider Paysign Inc. reported first-quarter revenue of $8.2 million, up 31% year-over-year. Gross dollar-volume load was up 16.2%. At quarter’s end, the company served 4.4 million cardholders in 438 card programs.
- The card-issuing platform Marqeta Inc. reported $37 billion in processing volume for the first quarter, up 53% year-over-year, while net revenue grew 54% to $166 million.
- FIS Inc. announced an embedded-finance offering using application programming interfaces from Treausry Prime Inc. The offering allows clients to offer fintech services, including payments.
- Amdocs, a technology company specializing in media companies, said it is working with payments provider Worldline to support subscription payments in multiple formats for clients looking to expand globally.
- Huntington National Bank, a subsidiary of Huntington Bancshares, said it acquired fintech Digital Payments Torana Inc., and will use its technology to launch Huntington ChoicePay, a digital payment distribution service. Terms were not disclosed.
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