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- The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.
- Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard Inc.’s Finicity technology with its Banno Digital Toolkit technology to allow banking customers to control access to their accounts and sharing of financial data. Banno serves more than 400 community banks. Mastercard late last year closed on its $825-million acquisition of open-banking provider Finicity Corp.
- Some 59% of consumers say they have tried a new payment method for the first time since Covid hit, with 86% saying their overall payment habits have changed, according to research from payments provider Paysafe Ltd. that canvassed more than 8,000 consumers in seven countries, including 2,000 in the United States, in March and April.
- Payments provider Lightspeed POS said it is providing to its restaurant clients an accelerated application process for Restaurant Revitalization Fund applications with the Small Business Administration. The fund is offering $28.6 billion total in aid.
- United Kingdom-based Fly Now Pay Later said it secured $14 million in additional Series A funding that will help enable it to offer its travel installment payment service in the United States.
- Mobile parking app provider PayByPhone Technologies Inc. announced it has 43 million users after 20 years in business.
- Payments provider Mogo Inc. announced it has closed on a previously announced acquisition of Moka Financial Technologies Inc., a provider of savings and investing apps.
- Cardlytics Inc., a provider of data derived from card transactions, said it has closed on its approximately $350 million acquisition of Bridg Inc., a customer data platform. The deal was announced last month.
- Kelli Sterret, senior vice president and deputy general counsel at EVO Payments Inc. since 2018, has been named general counsel and secretary of the company, succeeding Steven de Groot, who will become special counsel to the chief executive effective Oct. 1.
- Chargebacks911 announced Matt Stein as senior vice president of brand strategy for it and Fi911, which helps financial institutions and merchants with chargeback management. His previous experience includes marketing stints at Wunderman, Peak6 Investments, and Koble Marketing.
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