Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …

Mitek Systems Inc., a provider of digital identity-verification technology, said it has acquired ID R&D Inc., a provider of voice and face biometrics technology, for up to $49 million in Mitek stock and cash.Payments processor Fleetcor Technologies Inc. closed on its acquisition of cross-border payments specialist Associated Foreign Exchange Inc. The deal, …

Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …

MagicCube Inc. announced Monday that Dojo, a United Kingdom-based payments provider, will adopt MagicCube’s i-Accept software, which converts off-the-shelf mobile devices into point-of-sale terminals. Dojo will integrate i-Accept into its SoftPos + PIN platform in the United Kingdom and the Republic of Ireland.   The integration is expected to give Dojo …

Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …

It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

A survey from the Electronic Transactions Association and The Strawhecker Group found that 43% of small and mid-size businesses view digital payments as more important to their operations now than before the Covid-19 pandemic. The survey of 528 SMBs also found that 34% said they are experiencing an increase in contactless payments.InComm …

San Francisco late last week became the fourth city to roll out Cubic Transportation Systems’ mobile contactless-payment application, joining Washington D.C., Chicago, and Los Angeles. Consumers can use the white-label app and an iPhone or Apple Watch to purchase tickets from the 24 transit agencies that operate the city’s subway, …

Contactless payments at small businesses served by point-of-sale technology provider CardFlight Inc. soared 296% in the past year, according to the payments provider’s latest Small Business Report. The report, initiated a year ago at the start of the Covid-19 pandemic, also found that overall sales at small businesses increased 56% …

The push to increase the utility of cryptocurrency for purchases got a shot in the arm Friday as BitPay Inc., an Atlanta-based processor that offers crypto e-wallets, announced its prepaid Mastercard cardholders can add their card to the Apple Wallet and make purchases using Apple Pay. The BitPay Mastercard is …