Central Payments, a unit of Central Bank of Kansas City, completed a $30 million funding round, which was led by Castle Creek Capital and with more investment from Launchpad Capital. The funding spins the company out from Central Bank.PayGround, a digital wallet for medical bills, launched a “get healthy now, pay …
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COMMENTARY: The Strange Compatibility of Human Connection And QR Codes
At the end of 2021, comedian Grace Mulvey brought smiles to many on Twitter when she reflected on the unexpected rise of a technology that was laughed off by many. “I can’t think of anyone who has had a better year than the QR code. What a comeback.” While our …
Read More »ParTech Acquires Menu Technologies And Other Digital Transactions News briefs from 8/9/22
Restaurant-technology provider ParTech Inc. announced it has acquired Menu Technologies AG, an omnichannel ordering platform serving international restaurant brands. Terms were not disclosed.The Western Union Co. expanded its integration of Visa Direct, Visa’s real-time payment service, to its U.S. network, enabling consumers to send or receive funds directly to their eligible Visa debit …
Read More »Cardholder Volume Booms for AmEx As a Pandemic Recovery Continues
Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …
Read More »Nuvei Notes Online Gaming Integration and other Digital Transactions News briefs from 7/8/22
Payments provider Nuvei Corp. said it is integrating with GAN Ltd., a provider of Internet-gaming technology, to allow gaming operators to access Nuvei’s payments services.Point-of-sale system maker Toast Inc. said it acquired Sling, a business-management platform. Terms were not disclosed.American Express Co. and the National Trust for Historic Preservation announced 25 independent U.S. restaurants that …
Read More »Blackhawk Makes a Move And Other Digital Transactions News briefs from 6/28/22
Dining-deal Web site Restaurant.com will work with payments provider Blackhawk Network to expand the site’s gift card program via Blackhawk’s online distribution network.SpotOn, a payments provider for restaurants, has been named a preferred technology partner by the New York State Restaurant Association.Amount, a fintech specializing in the rapidly expanding buy now, pay …
Read More »Eye on Stadium Pay: Shift4 Expands Its Portfolio; Cheq Checks in With the Miami Dolphins
Sports stadiums and entertainment venues continue to be a major focus for Shift4 Payments Inc. On Tuesday, the processor announced it will provide payment processing and online ordering for food and beverage concessions, as well as retail sales, at Nashville’s Nissan Stadium, home of the National Football League’s Tennessee Titans. …
Read More »Sionic’s New Real-Time Payment Service and other Digital Transactions New briefs from 6/14/22
Payments provider Sionic announced a service that allows consumers to pay merchants at the point of sale via real-time transfers from the consumer’s bank account to the merchant’s bank account. The service includes incentives merchants can use to induce consumers to use the service in preference to rewards credit cards.XTM Inc. announced it …
Read More »COMMENTARY: It’s Time Business Payments Modernized Like Consumer Payments Did
Using services like Zelle, Cash App, Venmo, and PayPal is a no-brainer when it comes to making payments in our personal lives. In fact, 94% of Millennials, 88% of Gen Xers, and 87% of Gen Zers are using payment apps in place of cash and credit cards. Now there’s a …
Read More »SpotOn Raises $300 Million in Funding and other Digital Transactions News briefs from 5/19/22
SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F funding round led by Dragoneer Investment Group LLC. The round, which comes just eight months after a Series E funding, values the company at $3.6 billion.Sphere, a healthcare payments and security software company, launched a …
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