March 17, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Priority Technology Holdings Inc. reported fourth-quarter revenue of $106.1 million, up 8.1% year-over-year. Excluding Priority’s RentPayment business, which the company sold in September, revenue grew 12.3% from $94.5 million.Payments provider Flywire Corp. launched Flywire eStore, a platform that supports e-commerce for Flywire clients and their customers. The move follows Flywire’s decision last …
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March 16, 2021
Automated Clearing House, Electronic Checks, Issuing/Originating, Transaction Processing
In response to erroneous reports about funds availability, The Clearing House Payments Co., Nacha, and seven other banking and payments groups said Tuesday that Economic Impact Payments from the federal government will start to become available to recipients Wednesday morning. A statement from the nine groups, plus a separate statement …
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March 16, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Marketing, Near-Field Communication (NFC), Point-of-sale, Pricing, Transaction Processing
Responding to pressure from Sen. Dick Durbin, D-Ill., and other critics, Visa Inc. and Mastercard Inc. are delaying planned adjustments to their credit card interchange rates until April next year, Bloomberg News reported. The rate adjustments had been set for next month and involved an estimated net $889 million in increased fee income for …
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March 15, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Parking-app provider ParkMobile LLC announced an agreement with the city government in Memphis, Tenn., and with parking-lot manager Premium Parking to offer mobile payments for parking on several city blocks in commercial districts, expanding ParkMobile’s presence in the city. Earlier this month, European parking-technology firm EasyPark Group announced its plan to acquire …
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March 12, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Flywire Corp. has submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission in support of a proposed initial public offering.The Children of Restaurant Employees nonprofit is meeting pandemic claims from displaced restaurant workers via grant disbursements on gift cards from Blackhawk Network. Prepaid and gift card …
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March 11, 2021
Acquiring, Competitive Strategies, Marketing, Transaction Processing
Payment-technology provider Galileo Financial Technologies opened its Latin American headquarters in Mexico City, the company’s first office outside the United States. Galileo is a unit of Social Finance.NTT Data Corp. launched Platea Banking, a digital-banking platform aimed at helping financial institutions modernize back offices to support open banking.Payment gateway Exact Payments LLC appointed Ravi Rajamiyer …
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March 10, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …
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March 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
Point-of-sale technology provider Handpoint has agreed to adopt the i-Accept technology from MagicCube Inc. The technology allows merchants to accept card transactions on off-the-shelf mobile devices.Citcon, a provider of mobile-wallet acceptance at the point of sale, has agreed to integrate its technology with that of Agilysys Inc., a vendor of point-of-sale technology …
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March 8, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the …
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March 5, 2021
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Pricing, Transaction Processing
The warehouse-store chain BJ’s Wholesale Club said it has added electronic benefits transfer payment capability to its Web site for in-store or curbside pickup of SNAP-eligible items. The service applies to stores in Florida and North Carolina. The processor is FIS Inc.’s Worldpay. SNAP is the federal Supplemental Nutrition and Assistance Program.Independent …
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