Digital Transactions Authoritative, insightful and timely information for payments professionals
- Processor Global Payments Inc. reported adjusted net revenue of $1.746 billion for the third quarter, down 4% year-over-year on a combined basis. Global acquired processor TSYS Inc. last year.
- FIS Inc. reported total third-quarter revenue for its merchant-processing unit of $1.02 billion, up 44% year-over-year. The lift comes chiefly from the acquisition of the big merchant processor Worldpay, which closed July 31 last year. As a whole, FIS reported revenue of $3.2 billion, up 13%, or 1% excluding acquisitions.
- Alliance Data Systems Corp. said it will acquire Bread in a deal valued at $450 million. Bread provides buy now, pay later services to consumers via more than 400 merchants.
- Commerce platform Shopify Inc. reported $767.4 million in third-quarter revenue, a 96% increase from $390.6 million in the year-ago quarter. Net income of $191.1 million reversed the $72.8 million loss last year. In the quarter, Shopify said U.S., Canadian, and U.K. merchants received $252.1 million in merchant cash advances and loans, a 78% increase from $141 million a year ago.
- Payments technology provider Boom Commerce said it acquired Ovvi, formerly POSsible POS, which provides integrated point-of-sale hardware. Terms were not disclosed.
- Point-of-sale terminal maker Ingenico Group S.A. is now part of Worldline S.A. following the closing of an $8.6 billion merger. Meanwhile, Ingenico reported $755.5 million (646 million euros) in third-quarter net revenue, a 9% decrease from a year ago.
- Some 81% of businesses either often or very often contend with problems caused by bot attacks, while two-thirds say a single attack has cost them at least $100,000 in the past year, according to research from Kount Inc., a fraud-prevention firm.
- American Express Co. pledged $1 billion to promote racial, ethnic, and gender equity for its employees, customers, and communities.
- Extend Enterprises Inc., a digital card platform provider serving commercial card issuers, announced it has completed a redesign to increase ease of use and security.
- Issuing platform Marqeta said cryptocurrency services provider Coinbase will use Marqeta for the upcoming Coinbase card in the United States.
- Xendoo, an accounting and bookkeeping software provider, announced partnerships with Cogent Bank, MyCorporation, and Fattmerchant, which will provide payment processing services.
- U.S.-based cross-border payments provider dLocal said it has added Kenya, Senegal, Ghana, and Cameroon to its network and has also added integration partners in Nigeria and Egypt.
Related Articles
Check Also
Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.
Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a …