- Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.
- Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.
- Visa Inc. has partnered with payments provider TransferWise Ltd. for the first application of Visa Cloud Connect, a facility allowing fintechs to link to Visa’s worldwide processing network, VisaNet, through the cloud. The agreement will enable expansion of TransferWise’s multi-currency debit cards throughout the United States, Asia-Pacific, Europe, Latin America and the Caribbean, the Middle East.
- The global wearable payments devices market size is expected to reach $80.3 billion by 2028, according to Grand View Research Inc. Wearable payments are expected to expand nearly 30% from 2021 to 2028.
- ParkMobile LLC announced its mobile payment service is now available on the campus of Colorado State University. ParkMobile said it has more than 21 million U.S. users.
- PNC Bank N.A. announced it has agreed to acquire payments provider Tempus Technologies Inc. Terms were not announced.
- The warehouse chain Sam’s Club, a unit of Walmart Inc., and Synchrony launched a Sam’s Club Mastercard contactless rewards card offering 3% back on eligible purchases as well as 5% cash back on fuel, as well as other features.
- Business-to-business e-commerce platform NuOrder Inc. launched NuOrder Payments, a facility allowing client firms to receive credit card payments directly, avoiding third-party gateways or payment processing over the phone.
- Software developer Orion Law Management Systems Inc. launched Orion ePay, an online payment service that uses LawPay, a payments provider for the legal industry.
- Bbot Inc., a restaurant and hospitality point-of-sale system provider, said it closed a $4 million funding round, bringing its total funding to date to $7.3 million. The financing will enable it to hire staff, accelerate product development, and improve service. Digital Transactions News reported an incorrect total Tuesday and regrets the error.
Shift4 Payments Inc. refers to the volume potential it’s trying to tap as a “coiled …