Transaction Processing

Lightspeed Commerce Inc. early Thursday reported revenue of $312.3 million for its December quarter, an 11% rise from the same period last year, though its net loss widened to $33.6 million from $26.6 million a year ago. The Montreal-based processor, which counts among its markets the highly competitive restaurant sector, …

Nacha, the rules-setting organization for the automated clearing house network, early Thursday announced its Phixius peer-to-peer payment data network has integrated with Kinexys Liink, a data-sharing network from J.P. Morgan Chase. The significance of the integration lies in its ability to generate account validation from multiple responders for ACH transactions, …

Payments platform Corpay Inc. said its revenue rose 21% year-over-year in the December quarter to $1.25 billion. Net income totaled $264.5 million, up 8%. Transactions in vehicle payments, the company’s largest business, came to 221.9 million, up 7%. Nacha, the regulatory body for the automated clearing house network, announced participants have been elected …

Technology from Stripe Inc. will support transactions for PhotonPay, a Hong Kong-based fintech processing online payments for more than 200,000 businesses globally. According to PhotonPay’s announcement, released early Wednesday, the addition of Stripe’s technology will widen its offering of payment methods as well as reinforce uptime, though the company did …

UpdatePromise, a software provider to automobile dealerships, said Tuesday it has agreed to integrate PayPal and Venmo to offer expanded payments capabilities in the service lane. The move comes as payments technology takes on increasing importance at dealerships looking to avoid snarled transactions while working out details with customers, the …

Bolt Financial Inc., whose app offers checkout, identity, and payments capabilities, announced it is adding embedded investing capability through a deal with Atomic, an investing-as-a-service platform. Corpay Inc. said it will sell its PayByPhone mobile parking payments platform to Lightyear Capital in a deal expected to close in the second quarter. …

PayPal Holdings Inc. early Tuesday announced it has appointed board chairman Enrique Lores president and chief executive, replacing Alex Chriss. Lores moves into his new position after more than six years as CEO at HP Inc. The company also reported December-quarter results in the face of a steep drop in …

Chalk up another way for merchants and consumers to use Paze, the digital wallet from Early Warning Services LLC, as a deal between Deluxe Corp. and Payfinia seeks to make it easier for independent software vendors to incorporate Paze into their software apps. Payfinia, formed by Tyfone in 2024 to …

Plans to attach an amended version of the Credit Card Competition Act to a cryptocurrency-infrastructure bill were shelved Thursday, effectively leaving two versions of the bill floating around Congress. The CCCA was amended late last week to include a provision that called for enforcement of the CCCA under antitrust law, …