News

December, 2023

• 4 December

  Like Many in Payments, Gateways Seek Software Companies

  

  Software companies are a preferred client for payment gateways, with 74% of gateways targeting them in their sales efforts, according to the latest edition of the Payment Gateway Directory from TSG, formerly The Strawhecker Group. TSG says in addition to software companies as favored clients, 83% of gateways target merchant …
• 4 December

  Claims Process Begins in Interchange Lawsuit And Other Digital Transactions News briefs from 12/1/23

  

  The claims process begins today for merchants to file for a share of the $5.54-billion settlement of a massive lawsuit originally filed more than a decade ago that alleged that Visa, Mastercard, and banks had violated antitrust laws in setting fees for card acceptance. The number of merchants involved is expected to …
• 4 December

  Payroc Launches a Single API for PayByBank, And Works With Dingg to Reach Spas And Salons

  Payments-platform provider Payroc LLC has launched an application programming interface that enables clients to offer its PayByBank solution in the United States and Canada through a single interface. Before this launch, Payroc clients needed separate interfaces to offer PayByBank in each country. The single interface eliminates the need for multiple …
• 4 December

  Relay Payments Extends Its Reach with Its Yesway Deal

  

  Relay Payments, a fintech specializing in payments for the trucking and logistics industries, added convenience-store chain Yesway to its roster of locations. Announced Thursday, the expansion adds to the more than 1,500 truck stops nationwide that accept Relay’s cardless payment method. Yesway also owns the Allsup convenience-store chain. Drivers who …
• 4 December

  Priority Cements Datacap Integration And Other Digital Transactions News briefs from 11/30/23

  

  Priority Technology Holdings Inc. said its MX Merchant Suite software will integrate a platform from payments-technology provider Datacap. Mastercard Inc.’s Dynamic Yield technology unit launched a generative AI (artificial intelligence) tool that is aimed at helping consumers search for products in a merchant’s digital catalog. Authvia, a provider of tokenized pay-by-text technology, …

November, 2023

• 29 November

  Shift4 Grows Its Relationship With the Orlando Magic; Cheq Partners With Loud And Live

  

  Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …
• 29 November

  Apple May Be Looking to Replace Goldman, But Will Any Issuer Want the Apple Card?

  

  Apple Inc. may be looking for a new bank to issue its Apple Card, but the big question is whether any potential candidate will want to take it on, some observers say. Apple is apparently taking the initiative in finding a replacement for Goldman Sachs Group, which has issued Apple’s …
• 29 November

  Nuvei Launches Issuing Program And Other Digital Transactions News briefs from 11/29/23

  

  Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …
• 28 November

  Online Sales And BNPL Transactions Hit Record Highs on Cyber Monday

  

  Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …
• 28 November

  Ackroo’s Deal for GiftFly.com Comes As Sales of E-Gift Cards Are Set to Take off

  

  Digital gift cards are a hot product, and that’s attracting the interest of payments players looking to make acquisitions to enter or bulk up their assets in this market. In the latest deal, the Hamilton, Ontario-based point-of-sale payments platform Ackroo Inc. early Tuesday announced it has agreed to acquire the …