JPMorgan Acquires Renovite And Other Digital Transactions News briefs from 9/12/22

J.P. Morgan announced it has agreed to acquire Renovite Technologies Inc., a payments-technology company based in California, to help modernize the bank’s merchant-acquiring platform. Terms were not announced.
The Western Union Co. announced it has acquired Te Enviei, a digital wallet based in Brazil, in an effort to introduce expanded Western Union services in that country.
Buy now, pay later provider Splitit raised $10.5 million, funding that will aid development of its white-label installment payment service.
Consumer spending this holiday season is forecasted to increase 7.1% over the 2021 season, according to Mastercard Inc.’s SpendingPulse holiday forecast.
ClassWallet, provider of digital wallets for education-related spending, said the state of Washington has chosen it to help track and distribute federal emergency assistance totaling $3.8 million for non-public schools to make purchases made necessary by Covid disruptions.
Payments provider Usio Inc. launched Consumer Choice, its funds disbursement service, which enables clients to offer a variety of payment methods to consumers.
Fintech Mercury released IO, its corporate credit card. The card is issued by Patriot Bank and bears the Mastercard Inc. brand.
Innovative Payment Solutions Inc. completed the integration of its IPSIPay mobile app and back-end payment processing infrastructure through its commercial partners.

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