Tuesday , January 22, 2019

RealPage Buys ClickPay and other Digital Transactions News briefs from 4/20/18

  • RealPage Inc., a vendor of software and data analytics to the real-estate business, has agreed to buy ClickPay, a payments processor for rent and other housing receivables, for $218.5 million in cash and stock. The deal is expected to close within the next six months.
  • Infinicept, a company that offers services to payment facilitators, announced an underwriting-on-demand functionality that it says extends the underwriting process in the payment-facilitator model to merchant acquiring in general.
  • Square Inc. has acquired Zesty, operator of a catering platform, and plans to combine it with its Caviar food-ordering operation. Terms were not announced.
  • Retailer lender Synchrony Financial, whose products include proprietary and cobranded cards, reported $158 million in first-quarter interchange revenue, a 9% increase from $145 million a year earlier.
  • Artificial Intelligence and Image Analysis (A2iA) said four large unnamed U.S. banks will use its a2ia CheckReader system to combat check fraud and risk.
  • Alt Thirty Six, a blockchain-based payments platform for the cannabis industry, named Don Schroeder, formerly a payments consultant who also worked at companies now owned by First Data Corp. and Worldpay Inc., its chief architect. He will oversee development and maintenance of the company’s platform.

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