Digital Currency

The Merchants Payments Coalition released a letter from it and 350 merchant groups in support of the Credit Card Competition Act urging that the bill be attached to a proposed cryptocurrency marketplace structure legislation. The measure is expected to be discussed Tuesday by the Senate Agriculture, Nutrition, and Forestry Committee. The New England Automated …

Capital One Financial Corp. said it will acquire Brex Inc., a San Francisco-based specialist in corporate cards and expense-management software, for $5.15 billion in stock and cash. Brex founder and chief executive Pedro Franceschi will continue in that role. The deal is expected to close by mid-year. Visa Inc. said it will …

PayPal Holdings Inc. has agreed to acquire Cymbio Ltd., a payments-orchestration platform, with a closing expected in the first half of the year. Terms were not disclosed. Lightspeed Commerce Inc. announced Lightspeed AI along with a number of other new services. The AI service is aimed at aiding merchants in decision making …

U.S. payments platform Payoneer Global Inc. said it has acquired Boundless Technologies Ltd., an employer-of-record platform based in Ireland. Terms were not disclosed. RapidWorks Inc., a software developer for the heavy construction equipment industry, launched Rapid Payments, a service to help contractors collect, track, and manage payments within the RapidWorks system. TreviPay unveiled its …

Restaurant chain Steak ’n Shake says it has reduced its transaction fees by nearly 50% compared to credit card acceptance costs, while at the same time increasing sales by 15%, since it began accepting bitcoin last May. Steak ‘n Shake has nearly 400 locations in the United States. Steak ‘n …

Research from the processor Paysafe indicates strong interest in online betting during the 2026 World Cup, with 19% of consumers globally planning to place their first online bet during the tournament. Block Inc.’s buy now, pay later service, Afterpay, said 96% of pay-in-four users who shopped during the Black Friday and Cyber Monday …

PAR Technology Corp. will provide its PAR POS and PAR OPS technologies for ordering and restaurant management under an agreement announced by Papa John’s International Inc., operator of more than 6,000 locations globally. PAR OPS is a back-of-house management platform. Ingenico Group announced it will work with Toshiba Global Commerce Solutions to …

The private-equity firm GTCR said the previously announced $24.25-billion sale of processor Worldpay to Global Payments Inc. has closed. As a result of the transaction, GTCR will own roughly 15% of Global Payments’ equity, the investment firm said. GTCR acquired a majority stake in Worldpay in July 2023 from the processor FIS Inc. Global …

Payments and rewards platform PointsKash Inc. said it has signed a new independent software vendor (ISV) agreement with payments processor Paysafe, allowing PointsKash to integrate Paysafe’s processing capabilities into its app. NCR Voyix Corp. announced it has begun to outsource its self-checkout and point-of-sale hardware businesses to technology firm Ennoconn Corp. under a …

PayPal Holdings Inc. said it will support the launch of Microsoft Corp.’s Copilot Checkout capability, part of the company’s Copilot technology. PayPal will enable discovery of merchant inventory and enable branded and guest checkout and credit card payments as part of the program. Modulr Finance Ltd. announced it is launching its real-time …