Digital Transactions Authoritative, insightful and timely information for payments professionals
- Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first quarter. Its net loss increased to $18 million from a $13.2 million loss last year.
- Card manufacturer CPI Card Group Inc. reported $89.1 million in first quarter revenue, up 20.4% from $74 million in the first quarter of 2020. Its net income of $2.4 million increased 33.3% from $1.8 million in the corresponding quarter a year ago. Sales in the credit, debit, and prepaid segments all increased by double digits in the quarter, CPI said.
- PayBright Inc. said businesses in Canada using Fiserv Inc.’s Clover point-of-sale technology can offer PayBright’s buy now, pay later option at checkout by downloading the PayBright app from the Clover app store. PayBright is a unit of BNPL company Affirm Inc.
- Payments provider Lightspeed POS Inc. said it will integrate Google apps in its platform to help stores as they re-open and expand their capacity.
- Financial technology provider Computer Services Inc. said it now offers it clients access to know-your-customer and sanctions risk management tools from Kharon.
- Processor Fiserv Inc. said insurer State Farm will use digital payout services from Fiserv to speed auto and fire claim payments
- Visa Inc. announced Monterey-Salinas Transit has become the first transit agency in California to offer contactless payments for bus rides.
- The Western Union Co. said it has enabled cross-border payments from the United States through Google Pay. Users can fund the transaction via a Google Pay bank account or card.
- Remittance provider Remitly Inc. said Visa Inc. made an investment in the company. Terms were not disclosed.
- The Bank of America 2021 Small Business Owners Report found that 60% of business owners expect their revenue to increase over the next 12 months, up from 34% in 2020. Ipsos Public Affairs conducted the survey of 995 small business owners earlier this Spring.
Related Articles
Check Also
Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.
Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a …