Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …

NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …

A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …

The payments platform Choice Inc. has acquired payments provider Direct Payment Consultants, boosting Choice to more than $3 billion in annual volume on more than 7,000 clients. In a separate transaction, Choice has been acquired by Nexa Equity LLC, a private-equity firm. The terms of the two transactions were not disclosed.A startup …

Cryptocurrency payment gateway Data Mynt Inc. on Tuesday announced support for the Bitcoin Lightning Network. Data Mynt will facilitate payments to and from all Lightning Network-enabled wallets, such as Block Inc.’s Cash App and Strike.  The Data Mynt gateway, which says it is agnostic as to wallet, asset, and blockchain, …

The hospitality industry continues to heat up as a market for digital-payments processing and technology, attracting established players and startups alike. Early Tuesday, GoTab Inc. said it is working with business-software firm PaySuite to sell its services to restaurants in the Pacific Northwest.  The first installation is a food hall …

Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …

Philip McHugh is stepping down as chief executive of Paysafe Ltd. and is being succeeded by Bruce Lowthers, a 15-year veteran of FIS Inc. McHugh, who is also leaving Paysafe’s board, is departing after two quarters in which Paysafe’s crucial digital-wallet business has struggled with declining payment volumes.BankProv, a unit …

It may well be, but its effects are very much with us—and are lasting. Two years after it first struck, as the Covid-19 pandemic seemingly winds down, the payments industry is adapting to changes Covid coaxed into place that will stick around a lot longer than the virus that caused …

It was hard last month to view the events in Ukraine with an attitude of studied detachment—the attitude, after all, that we business journalists practice when examining industry news. We are so bound up in that tradition of objectivity, in fact, that it surprises us when a momentous event shakes …