- Merchant cash-advance provider CAN Capital Inc. said it has returned to funding following a recapitalization by Varadero Capital, an alternative asset manager. CAN Capital said it will immediately begin funding small merchants eligible for renewal. It will work with a select set of sales partners for new merchant advances. Its products include term loans and merchant cash advances in amounts ranging from $2,500 to $150,000.
- Upserve, a provider of payments processing and loyalty programs for restaurants, announced an investment from Vista Equity Partners. The amount was not disclosed. Upserve was known as Swipely until early last year.
- Processor First Data Corp. completed its $750 million acquisition of merchant acquirer CardConnect Corp.
- Visa Inc. said Air Canada has agreed to accept Visa Checkout, the company’s digital wallet. Visa Checkout claims more than 22 million enrolled accounts.
- VersaPay Corp., a specialist in automating invoice payments, announced Livingston International Inc., a customs broker and logistics provider, has agreed to use the VersaPay ARC solution.
- Findify, an e-commerce services company, said it joined the Shopify Plus Technology Partner Program.
- Habib Yunus has been appointed chief financial officer at Spindle Inc., a provider of integrated marketing and commerce software for mobile, browser, and kiosk platforms.
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