American Express Co. said its Kabbage unit now offers Kabbage Checking to U.S. small businesses. AmEx also said it now offers Kabbage Funding to small businesses with lines of credit ranging from $1,000 to $150,000.Global Payments Inc. has launched a point-of-sale application that operates on commercially-available, off-the-shelf mobile phones, reported The Paypers …
Read More »Adyen Gets OCC Approval and other Digital Transactions News briefs from 6/14/21
Payments provider Adyen NV announced the Office of the Comptroller of the Currency has approved the company’s application for a federal foreign branch in San Francisco. The Federal Reserve granted its approval in May. Adyen says the U.S. branch license will allow its single platform to scale and introduce more services for …
Read More »Fresha Secures $100 Million in Funding and other Digital Transactions News briefs from 6/11/21
Fresha, a platform that enables consumers to book and pay for beauty and wellness appointments, received a $100-millon Series C investment led by General Atlantic.BitPay Inc. is processing transactions allowing users to spend cryptocurrency with Shells, a provider of cloud-based virtual desktop operating systems.The city of South Haven, Mich., has launched …
Read More »Uplift’s BNPL Bet on Vegas.com and other Digital Transactions News briefs from 6/10/21
Buy now, pay later provider Uplift Inc. said its service has been integrated with Vegas.com, a travel site.In related news, buy now, pay later provider Splitit said its service is now available on the ChargeAfter platform, which offers merchants a variety of consumer financing methods.Mastercard Inc. said it has closed on its $850-million acquisition of Ekata …
Read More »86% Abandon Shopping Carts and other Digital Transactions News briefs from 6/9/21
A survey from Fast, an online checkout provider, found that 86% of U.S. shoppers have abandoned an online shopping cart. Of the 1,004 consumers surveyed earlier this month, 55% said they would be more likely to make an online purchase if there was a quicker, easier way to buy directly from …
Read More »PayNearMe Adds Walmart as Bill Pay Locations and other Digital Transactions News briefs from 6/8/21
PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …
Read More »Fintainium and Visa Direct and other Digital Transactions News briefs from 6/4/21
Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
Read More »LG Pay To Shut Down and other Digital Transactions News briefs from 6/3/21
Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …
Read More »Mitek Acquires Tech Firm and other Digital Transactions News briefs from 6/2/21
Mitek Systems Inc., a provider of digital identity-verification technology, said it has acquired ID R&D Inc., a provider of voice and face biometrics technology, for up to $49 million in Mitek stock and cash.Payments processor Fleetcor Technologies Inc. closed on its acquisition of cross-border payments specialist Associated Foreign Exchange Inc. The deal, …
Read More »Deluxe Closes on First American Payment Deal and other Digital Transactions News briefs from 6/1/21
Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payment Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%. Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa …
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