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- Processor Nuvei Corp. announced it handled $21.6 billion in volume in the third quarter, up 88% year-over-year, with e-commerce accounting for 83% of that total. Revenue grew 96% to $183.9 million. Nuvei completed its initial public offering last month and trades on the Nasdaq.
- Global business-to-business and business-to-consumer e-commerce volume will hit $6 trillion next year, up from $4.8 trillion in 2020, in the wake of market shifts stemming from the pandemic, forecasts research firm Kaleido Intelligence. The buy now, pay later segment of e-commerce will total almost $135 billion next year, the firm says.
- Jack Henry & Associates Inc., a provider of payments technology and processing services to financial institutions, reported $488 million in revenue for the quarter ended Sept. 30, up 8% year over year, including $190.6 million in processing revenue, up 12%.
- RocketFuel Blockchain Inc., a provider of payments technology for Bitcoin and other cryptocurrencies, closed on a $5-million equity round from institutional investors. Proceeds will be used to complete a range of projects, including a link to processor ACI Worldwide Inc. to offer crypto payments at no processing fee to more than 80,000 ACI merchants.
- Payments provider ACI Worldwide Inc. introduced Omni-Commerce Payment Analytics, a feature that allows a merchant to obtain payments data from multiple channels within the merchant’s scope of business.
- POSaBIT Systems Corp., a point-of-sale provider for the cannabis industry, announced Cash Advance, its lending service that enables POSaBIT’s merchants to get a loan from the company that is repaid from deductions made from in-store processing transactions. Cash Advance is in testing now and expected to be more broadly available in early 2022.
- Loan-servicing software provider LoanPro Software LLC will use open-banking specialist Finicity, a unit of Mastercard Inc., to verify accounts and fund loans under a new agreement.
- BlueTape, a payment and financing startup for the construction industry, announced a buy now, pay later plan for contractors looking to finance building supplies.
- Payments provider Klarna AB launched its buy now, pay later service, “Pay in 3,” in Ireland. Klarna claims 90 million users around the world.
- Visa Inc. introduced Visa Eco Benefits, a collection of features aimed at allowing cardholders to calculate the impact of their actions on the world’s climate.
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