A technology company called Markt POS announced what it says is the first cloud-based software to handle payments and other functions exclusively for small and medium-size grocery and specialty stores. The company says more than 300 stores have signed up for the product. Iowa-based payments provider VizyPay said it has processed more than $4 …

Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, has completed its acquisition of National Bank of New York City. The acquisition agreement, which Newtek entered into in 2021, was subject to approval by the Office of the Comptroller of the Currency. The …

Nine days into 2023, the ongoing wave of processor consolidation rolled further with the announcement early Monday that Nuvei Corp. has agreed to acquire Atlanta-based processor Paya Holdings Inc. in a deal valued at $1.3 billion. The transaction would bring to Montreal-based Nuvei a processor with deep roots in payments …

Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …

With consumers expecting 21st-century digital experiences, the one-click capabilities of embedded payment are looking increasingly attractive to merchants and processors. When it comes time to pay, Uber customers don’t think twice. They open the Uber app, enter a tip for the driver, and click the pay button. It’s a seamless, …

The discussion about fraud in Zelle and other person-to-person payment apps focuses on the wrong question. Providers, industry observers, and regulators are all discussing what should happen when someone is scammed out of money on these apps. Recent conversations have revolved around whether or not banks, payments providers, or the …

Last month, we noted 81 years since the devastating attack on Pearl Harbor. The leaders of the day, smart and learned, did not draw timely conclusions from a very similar attack Japan unleashed on a Russian naval base in 1904. Nor did the same leaders pay much attention to Hitler’s …

Dealer-Pay, a payments-technology provider for automobile dealerships, has integrated its platform with Dealertrack, a management system serving the same industry. Guarda, whose cryptocurrency wallet includes a prepaid Visa card, added five more digital currencies to the 14 it already supports. Supported cryptocurrencies include Bitcoin and Ethereum. Japan-based Smartpay has launched Smartpay …

By Tom Byrnes, SVP, Marketing If you are an ISV, you know that adding payments to your solution adds value and gives you a competitive edge in the marketplace. Whether you like it or not, if your user base accepts payments, you are – by default – in the payments …

Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon As the worlds of technology and financial services converge, providing your merchants and their end users with a connected buying experience is crucial to differentiating your software in an increasingly crowded and competitive market. ISVs are now …