Point-of-sale installment-loan provider Sezzle Inc. said its service is now available at “thousands” of online stores in Canada. SSI Group, a provider of payments-related software for the health-care industry, announced a capability that relies on machine learning to predict when providers will receive payments from payers. In related news, U.S. …
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Groupon Adds GasBuddy Offers and other Digital Transactions News briefs from 6/12/19
Groupon announced it will provide GasBuddy, a fuel-price reporting service, with food and drink offers from local merchants via card linking. Consumers will be able to load offers directly to an eligible payment card after completing an opt-in enrollment in the GasBuddy app. POSaBIT, a fintech supplier to the legal …
Read More »PayPal Has 40 Million Reasons to Solve Its Venmo Puzzle
There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent years. Still, in spite of all the attention it gets, Venmo had always kept one thing secret: how many active users it has. Late in April, PayPal lifted the veil. …
Read More »BAMS Lands Sezzle and other Digital Transactions News briefs from 5/20/19
Sezzle, an online provider of installment loans to consumers, will use the Bank of America Merchant Services platform for digital card processing. Lavu, provider of mobile point-of-sale systems for restaurants and bars, certified three receipt printers from Epson America Inc. Lavu previously certified Epson’s Mobilink line of mobile receipt printers. …
Read More »Boomtown Raises $12 Million and other Digital Transactions News briefs from 5/16/19
Boomtown Inc., which provides merchant-support services, raised $12 million in funding led by Telstra Ventures with others participating. The Series B funding will go toward building its Relay Software-as-a-Service platform and additional growth. Boomtown also announced that Robert H.B. Baldwin Jr., a member of the Global Payments Inc. board of …
Read More »Visa Completes Earthport Deal and other Digital Transactions News briefs from 5/8/19
Visa Inc. closed on its acquisition of Earthport, a provider of cross-border payments services. The card network says it expects the acquisition to allow it to access “the vast majority of the world’s banked population” to allow them to move money globally. Earthport earlier this year had been the object …
Read More »11th Annual Field Guide to Alternative Payments
Churn is still the overarching theme in a dynamic market dominated by mobile options and eyeing digital currency. You can tell a lot about the dynamism of a market by how often its players turn over—how many new companies enter the market from year to year and how many fail …
Read More »Nexgo is New ExaDigm Name and other Digital Transactions News briefs from 4/25/19
Point-of-sale equipment maker ExaDigm Inc. changed its name to Nexgo Inc., which is a subsidiary of XGD Group. Bluefin Payment Systems LLC said Convenient Payments LLC, developer of the GovTeller point-of-sale software, will use Bluefin’s encryption services. Shift4 Payments released its RESTful application programming interface for its integration partners. A …
Read More »Venmo Has More Than 40 Million Users, But It Remains a Tough Margin Puzzle for PayPal
There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent months. So on Wednesday, PayPal for the first time revealed how many active users its peer-to-peer transfer service has: 40 million plus. Venmo users rang up $21 billion in volume …
Read More »Another Bank Adds Zelle and other Digital Transactions News briefs from 4/1/19
Huntington Bank launched the Zelle peer-to-peer payments service on its mobile and online banking service. Payment Data Systems Inc. said its FiCentive subsidiary will provide its Akimbo commercial prepaid Mastercard-branded cards to the Bowen Center, a behavioral-health company. Zapt, an on-demand platform that lets customers schedule household moves, said it …
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