Western Union Business Solutions (WUBS), formerly a unit of the Western Union group of companies, will rename itself Convera upon its recently announced $910-million acquisition by Goldfinch Partners LLC and The Baupost Group LLC. Patrick Gauthier, most recently head of Amazon Pay, has been announced as chief executive of Convera, which …
Read More »eBay’s Payments Payoff and other Digital Transactions News briefs from 8/12/21
EBay Inc. reported some 80% of its on-platform payments volume was processed through its managed-payments service by the end of the second quarter. More than 13 million sellers globally were using the platform.Payment card manufacturer CPI Card Group Inc. said consumers’ shift to contactless cards, which command a higher price than ordinary plastic, helped drive …
Read More »Revel Bags Dave’s Hot Chicken and other Digital Transactions News briefs from 8/11/21
Cloud-based point-of-sale maker Revel Systems said Dave’s Hot Chicken restaurant chain will use Revel Enterprise for its POS system. In the first quarter, the chain said its newly signed franchisees expanded the number of locations to more than 400.Payments provider Qualpay said it will process transactions for FuelMor, a software platform for propane suppliers.Buy …
Read More »Repay Card Volume up 28% and other Digital Transactions News briefs from 8/10/21
Repay Holdings Corp. said its second-quarter card payment volume of $4.6 billion increased 28% from $3.6 billion in the 2020 second quarter. Revenue of $48.4 million was up 32.6% from $36.5 million a year ago. Repay had a net loss of $13.4 million, an improvement from its $83.2 million loss in …
Read More »Circle Preps for SPAC Move and other Digital Transactions News briefs from 8/9/21
Circle Internet Financial Inc., a provider of payments based on digital currencies, filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with its effort to go public via a $4.5-billion buyout by a special purpose acquisition corporation.Bill.com said KPMG Spark, an accounting service for small and medium-sized …
Read More »Apple Cash Adds Mastercard Debit Support and other Digital Transactions News briefs from 8/6/21
Apple Inc. said Apple Cash users can now send Instant Transfer payments to Mastercard Inc. debit cards, reported 9to5mac.com. The service had been compatible only with Visa Inc. debit cards prior to Thursday’s announcement. Apple also said it is charging a 1.5% fee for Instant Transfer transactions, up from 1%. Instant Transfer …
Read More »In-Store Sales up 15.5% and other Digital Transactions News briefs from 8/5/21
Mastercard Inc. said in its latest SpendingPulse report in-store shopping ballooned 15.5% in July over July 2020 and accounted for 81.9% of total retail sales, excluding automotive. E-commerce sales for the month were up 6.1% from last year, but up 77.7% from July 2019.Payments-technology provider ACI Worldwide Inc. announced an expanded agreement with …
Read More »EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21
Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …
Read More »Fiserv Debuts New Clover Product and other Digital Transactions News briefs from 8/3/21
Fiserv Inc. released Clover Station Solo, a point-of-sale service for full-service restaurants. It provides tools to manage front-of-house tasks, payments, online ordering, and employee scheduling.Cloud-based point-of-sale system provider Appetize launched Appetize+, a subscription plan that bundles software, hardware, payments, and support in a single monthly fee. It launched Appetize Payments in May.Payments provider Lightspeed POS Inc. said …
Read More »NCR To Acquire LibertyX and other Digital Transactions News briefs from 8/2/21
NCR Corp. said it will acquire LibertyX, a cryptocurrency software provider. Its software runs on ATMs and point-of-sale systems. Terms were not disclosed. The deal is expected to close later this year.EVO Payments Inc. said it acquired Anderson Zaks Ltd., a payment gateway based in the United Kingdom. Terms were not disclosed.Paysafe Ltd. said it …
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