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- Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased 48.5% from $30.7 billion a year ago.
- Customer transaction volume at full-service restaurants across the United States grew 47% in the second quarter compared to the first quarter, indicating a continuing recovery in the sector, according to data from TableSafe Inc., a provider of pay-at-table payment technology.
- Buy now, pay later specialist Quadpay is adopting the Zip brand name following Zip Co. Ltd.’s acquisition of Quadpay in 2020. Australia-based Zip was founded in 2013 and said it has more than 7.3 million active customers.
- Bbot Inc., a provider of payments and other technology for restaurants, announced a $15-million Series A funding round led by venture-capital firm CRV.
- Bitcoin ATM network Bitcoin Depot said the Circle K convenience-store chain will add its crypto machines to company locations in the United States and Canada. Already, 700 Bitcoin Depot ATMs are installed in Circle K stores in 30 states.
- Payments provider Paysafe Ltd. has chosen Elliptic Enterprises Ltd.’s Elliptic Lens technology to manage risk exposure in cryptocurrency transactions.
- Cross-border payments provider Thunes Ltd. announced the acquisition of the European payments platform Limonetik SAS. Terms were not announced.
- Work-at-home conditions since the onset of Covid-19 drove up consumers’ bill-payment expenditures, according to data from doxo Inc., a bill-payment processor. Over the past year, spending on utilities grew 77%, cable and Internet increased 32%, and mobile-phone bills jumped 17%.
- Fiserv Inc. said it has integrated a fraud-prevention technology from Vesta into its e-commerce payment gateway to cut the risk of fraudulent chargebacks in online transactions in Mexico. Vesta estimates card-not-present fraud caused $35.5 billion in losses in 2020 and says that number is likely to triple in the next four years.
- Financial-services software provider Finastra appointed Oren Marmur general manager for payments. Marmur comes to the company from Amdocs.
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