- Activist hedge fund Starboard Value LP has taken an approximately 9% stake in prepaid card and banking services provider Green Dot Corp., according to a regulatory filing. Green Dot issued a statement saying it “welcomes transparent, constructive feedback regarding the common goal of enhancing long-term shareholder value.” In the wake of a big decline in its share price, Green Dot founder and CEO Steve Streit announced in December that he was retiring. The Wall Street Journal reported that Starboard is noted for pushing for big changes at some of the companies in which it invests; in 2014, the firm replaced the entire board of restaurant chain Olive Garden’s parent company.
- PayFacto Payments Inc. completed the acquisition of Posera Ltd. and Resto Finances Inc. Both Posera and Resto specialize in point-of-sale software for the hospitality industry.
- Usio Inc. reported $3.54 billion in 2019 processing volume, a 5% increase from 2018 for the payments company.
- Point-of-sale system specialist eHopper LLC released a restaurant suite that enables users to process payments, offer online ordering, and manage tables, among other features.
- Payments provider Fattmerchant Inc. said its Omni platform is now available to users of Acuity, an accounting-services provider.
- Factor4 LLC, a provider of gift card and loyalty programs to small businesses, said it will work with payments provider Beyond to bring gift and loyalty services to Beyond clients.
- Napier Park Financial Partners contributed $7 million to a Series B Extension funding round for Kasisto Inc., a provider of conversational artificial-intelligence tools for payments and other financial services.
- Finix Payments Inc., a payments-software provider whose clients include Lightspeed POS Inc. and Kabbage Inc., said it has raised $35 million in a Series B investment round.
- BitPay Inc. said it will soon allow all BitPay invoices to be paid from any Bitcoin wallet or exchange. A phased rollout is under way, the cryptocurrency processor said.
- Jed Rice has been appointed chief executive of cloud-based payments-technology provider Aliaswire Inc., succeeding founder Hoss Mohsenzadeh, who died in October 2018. The company recently has been led by Scott Goldthwaite, who will continue as president. Rice comes to Aliaswire from PayPal Holdings Inc., which he joined when PayPal acquired Paydiant Inc.
- Merchant funder CAN Capital Inc. named Edward Dietz chief compliance officer and general counsel. Previously, Dietz held similar positions at Marlin Business Services Corp.
The future of digital payments is being created now with the adoption of contactless payments, …