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- The Small Business Index from the big processor Fiserv Inc. stood at 141 in August, with no change from July. Year-over-year, small-business sales were up 1.6%, while total transactions grew 5.7%, according to the Index. The research is based on in-store and online transaction data from roughly 2 million U.S. small businesses, according to Fiserv.
- DNA Payments, a developer of payments-acceptance technology, launched its Merchant Portal App for iOS and Android, allowing merchants to accept online payments, track data, and perform other acquiring functions on a mobile device.
- Zilch, which calls itself the world’s first ad-subsidized payments network, said it has achieved its first month of operating profit, coming after surpassing an annual revenue run rate of $130 million. The company launched in 2020, and introduced a three-month buy now, pay later service in 2023.
- Though ransomware attacks fell off in 2022, they came roaring back last year and will likely hit a record number in 2024, according to data firm Chainalysis, which says there were on average 1,158 attacks per tracked organization per week in 2023.
- Payments-technology provider ACI Worldwide Inc. said it is working with Red Hat Inc. to ease a transition by ACI clients to ACI’s Enterprise Payments Platform, a cloud-based processing service.
- Shift4 Payments Inc. launched its SkyTab Rescue Mission contest, which will take applications from restaurants for $100,000 in total prize money. Five winners will each receive $20,000, along with a consultation with Jon Taffer, host of the TV show Bar Rescue. The contest follows a similar effort last year, in which two winners were recognized. Entry deadline is Oct. 14.
- Apollo Insurance said it has embedded its tenant-insurance product in software from Payquad, a developer of apps allowing tenants to pay rent and handle other property functions.
- Alex Gersh, chief financial officer at the payments processor Paysafe Ltd., will step down Wednesday to become an advisor to the chief executive, Bruce Lowthers. Gersh is succeeded by former FIS executive John Crawford, who is rejoining the company.
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