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- Everi Holdings Inc., a provider of payment processing, slot machines, and various services to the gaming industry, said its Everi Payments subsidiary bought $25 million in “strategic assets” from Micro Gaming Technologies Inc., a privately held provider of loyalty and marketing products and promotional tools and apps for casinos. Under terms of the deal, Everi paid $15 million at closing and will pay another $5 million on April 1 and a further $5 million in December 2021.
- Some 52% of consumers surveyed by point-of-sale installment-credit provider Splitit said they had abandoned an e-commerce transaction because of fear of a “difficult” return process. The percentage rose to 67% among millennial consumers. The survey, conducted with Google Consumer Surveys, canvassed more than 500 representative consumers aged 18 to more than 65.
- Payments and banking technology provider i2c Inc. said it has created a multicurrency travel card with currency platform Wirex for the Asia-Pacific region. The card enables payments in both traditional and crypto currencies.
- Coupa Software, which offers the Coupa Pay digital-payments platform for businesses and other organizations, has seen its stock soar 140% in 2019 to just over $151 per share. Observers attribute the rapid rise to the growth potential seen in the extent to which businesses are still dependent on paper checks, used in 40% of all business-to-business payments.
- The market for facial-recognition technology, valued at $4.51 billion in 2018, will grow to $9.06 billion by 2024, a compound annual growth rate of 12.5%, according to market research firm Mordor Intelligence. Mordor’s study includes applications in security and health care as well as retail.
- The Central Bank of the Bahamas is testing a digital version of the Bahamian dollar in an initiative dubbed “Project Sand Dollar.”
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