Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …

Payments facilitator-services provider  Infinicept on Tuesday announced it has received a new round of funding from Mastercard Inc. and MissionOG, a venture-capital firm specializing in financial services and software and co-founded by former Mastercard president and chief executive Gene Lockhart. The new funding round, the amount of which was not disclosed, …

Payment technology provider InComm Payments is partnering with Mobility Capital Finance (MoCaFi), a mobile-based banking platform, to enable MoCaFi Mobility Debit Mastercard cardholders to load their cards at no charge. MoCaFi will absorb any costs related to the reload. The deal enables MoCaFi, which serves unbanked and underbanked customers, to offer …

Visa Inc. on Thursday delivered a rebuke to the Department of Justice’s antitrust lawsuit attempting to block its $5.3 billion acquisition of Plaid Inc., calling the lawsuit “legally flawed and contradicted by the facts.”  The Department of Justice, which had filed the suit hours earlier, charges that Visa’s deal for …

Each year, Digital Transactions uses this space to lay out the problems impacting the payments industry. This time, the Covid-19 pandemic has inflected our coverage across a wide range of issues. The solutions will have to be far from business as usual. 2020 has been one of those years you …

Covid-19 has been highly disruptive to the U.S. retail sector, with research estimating sales will fall by 10.5% this year. The same forecast suggests small, mainly brick-and-mortar retailers will see a 14% drop in sales. Even now, months after the pandemic’s first appearance in the U.S market, forty-five percent of …

Billtrust, a provider of accounts-receivable software for businesses, said it will go public at a valuation of $1.3 billion through a merger with South Mountain Merger Corp., a publicly traded special purpose acquisition company, or SPAC. Going public via a SPAC has become an increasingly popular option in recent months.In …

Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts.  Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …

PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …

Consumers are significantly increasing their use of digital channels when engaging with lenders, says research from TransUnion LLC released Thursday. That trend includes point-of-sale lending, which is rising fast during the Covid-19 pandemic, according to the study. Since the pandemic hit the United States in March, 40% of consumers have …