Digital Transactions Authoritative, insightful and timely information for payments professionals
- Payments provider EVO Payments Inc. reported third-quarter revenue of $135 million, a 15.4% increase from the same quarter in 2020. Fifty-nine percent, or $79.4 million, of its revenue came from the Americas and the remainder, $55.6 million, from EVO’s European business. Net income of $7.1 million for the quarter was down 51.4% from $14.6 million.
- In related news, EVO appointed Nikki Harland to its board effective March 1, 2022. Harland is the chief operating officer for Paradies Lagardere.
- Payments provider Gr4vy launched its Magento extension that enables merchants using the e-commerce platform to build custom payment workflows from within Magento.
- Paysafe Ltd. announced it has migrated its two digital wallets, Skrill and Neteller, to the cloud through an agreement with Amazon Web Services. The move is part of a multi-year agreement with AWS to support Paysafe’s cloud initiative.
- Equipifi Inc., a startup that supports buy now, pay later capability for banks and credit unions, launched with a $3-million seed-funding round led by New Stack Ventures.
- Payments provider BlueSnap Inc. has partnered with accounts-receivable automation vendor Gaviti to offer global payment processing to Gaviti clients.
- U.S. credit card originations have more than doubled since their low point a year ago, to a record 19.3 million in the second quarter, according to data from credit-reporting agency TransUnion.
- IDEX Biometrics ASA said its TrustedBio fingerprint authentication product used with biometric payment cards received certification from Visa Inc.
- Mercator Advisory Group released its “18th annual U.S. Open-Loop Prepaid Cards Market Forecasts, 2020-2025” report.
- Payments platform dLocal Ltd. launched an auto-debit payment service for local and international subscription businesses in India in compliance with new rules from the Reserve Bank of India.
Related Articles
Check Also
Small Businesses Have Work to Do to Attract Shoppers, NMI Finds
While 78% of consumers say they are willing to pay more to shop at small …