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- OrbaGraph, a payment automation firm, said Revenue Management Solutions acquired the company. Private equity firm Thompson Street Capital Partners funded the acquisition. Terms were not disclosed.
- Dan Price, cofounder of Gravity Payments, which set a minimum starting annual salary of $70,000 for his employees and cut his salary from $1 million to $70,000 in 2015, resigned as chief executive. In a Twitter post, Price said he was stepping aside “to focus full time on fighting false accusation made against me. I’m not going anywhere.”
- The cryptocurrency wallet provider Wirex launched SEPA Instant and Faster Payments to allow users in the United Kingdom and the European Economic Area to transfer British pounds and Euros more smoothly between their Wirex accounts and their bank accounts, setting the stage for easier buying, selling, and holding of cryptocurrencies, the company says.
- Neat, a small business financial management platform, said it now offers inbound automated clearing house transactions at no cost when a business subscribes to its services. The standard fee is 1% of the transaction value.
- Payments processor TSYS has introduced a virtual card for businesses through technology firm Extend Enterprise Inc., based on clients’ existing banking relationships.
- Blockchain and cryptocurrency provider Ripple launched its On-Demand Liquidity service in Brazil with Travelex Bank. The service enables customers to send funds across borders instantly with low cost and without the need to hold pre-funded capital in the destination market.
- Globally, the buy now, pay later share of total e-commerce sales came to 3.1% in 2021, up from 0.2% in 2014, according to a report from SkyQuest Technology Consulting Pvt. Ltd.
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