Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …
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Delta Adopts AmEx BNPL Service and other Digital Transactions News briefs from 2/18/22
American Express Co. said Delta Air Lines has adopted AmEx’s Plan It buy now, pay later service, allowing AmEx consumer card users to pay for Delta flights in equal monthly installments with a fixed fee. AmEx launched Plan It in 2017.Payments provider Blackhawk Network Holdings Inc. said it is working with retail-technology developer …
Read More »Apple Targets the Terminal Market, But Terminal Execs And Rivals Are Far From Flustered
Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …
Read More »Should CBDCs Be the Next Big Thing?
Governments are moving closer to issuing digital money. That could introduce some benefits—but also many risks and complications. Central bank digital currencies (CBDCs) are coming, slowly but inevitably. They can be retail (for use by consumers and businesses), wholesale (for use between financial institutions), or both. Evangelists enthuse they’ll improve …
Read More »85% Cite Real-Time Payments as Critical and other Digital Transactions News briefs from 1/31/22
A survey of 260 corporate executives found that 85% said the availability of real-time payments is the most important factor when choosing a bank partner, said Citizens Financial Group Inc.Mozper, a contactless card intended to help educate children on responsible payments, launched in Brazil on the Visa Inc. network.A mobile-commerce startup …
Read More »Colony Bankcorp Launches Merchant-Acquiring Division and other Digital Transactions News briefs from 12/23/21
Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
Read More »Waitr Plans Cova Acquisition and other Digital Transactions News briefs from 12/17/21
Food-ordering and delivery provider Waitr Holdings Inc. said it has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, a provider of point-of-sale software for cannabis dispensaries. The deal calls for a price of $90 million in cash and stock.Agilysys Inc., a provider of payments …
Read More »KyckGlobal And ACI Team Up to Give Businesses More Options For Disbursements
Building on its strategy of enabling businesses to offer more, and speedier, options when it comes to disbursements, digital payments firm KyckGlobal Inc. is partnering with ACI Worldwide Inc. The partnership will enable businesses to initiate payments, such as refunds or insurance claims, to consumers through PayPal, Venmo, ACH, prepaid …
Read More »Celero Acquires Everest and other Digital Transactions News briefs from 12/14/21
Celero Commerce said it acquired Everest Payment Solutions. Terms were not disclosed. With Everest, Celero will serve more than 45,000 merchants that process more than $18 billion in annual card volume.Digital ordering and payments technology, which gained prominence with the pandemic, has made customers more impatient, with 64% indicating they won’t …
Read More »The Price of Stability
And you thought stablecoins were all about ‘set it and forget it.’ Some—including the government—think otherwise. It is one of the ironies of the payments business these days that there seems to be little that’s stable about the news surrounding stablecoins. For a concept that came on the scene a …
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