Priority Will Acquire Finxera and other Digital Transactions News briefs from 3/8/21

Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.
Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the Mastercard Academy, and promotion to Mastercard’s customer base.
Fifty-six percent of debit card transactions for gasoline took place at fuel dispensers, with the remaining 44% occurring in the service station, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the week of Feb. 28. For credit card purchases, the split was 75% at fuel dispensers and 25% at service stations.
Digital payments provider AeroPay said it closed on a funding round of more than $5 million. Chicago Ventures led the investment.
The FIDO Alliance will hold its 2021 Virtual Summit: Modern Authentication for Financial Services on March 25.
Paysafe Group announced a multiyear deal to use Microsoft Corp.’s Azure cloud-computing platform and tools for its U.S. payment processing and merchant services.
TerraPay, a Netherlands-based payments-technology provider, said it is entering the U.S. and Canadian markets for digital cross-border remittances.

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