Blackhawk Network launched its Issuance and Program Management Solution, a service that enables companies to outsource their gift card and digital gift programs through Blackhawk. The new service is enabled by the company’s recent acquisition of SVM, a provider of open- and closed-loop gift card technology.Payroc LLC said its affiliate invested $2.6 …
Read More »Nuvei Makes a Bet on Colorado and other Digital Transactions News briefs from 9/29/20
Nuvei Corp. said it received a sports betting vendor license in Colorado, enabling it to process payments there for regulated sports betting sites and apps.Mastercard Inc. and ACI Worldwide Inc. said they will collaborate to support real-time payments capabilities, initially for central banks, payments networks, financial institutions, and payments providers.To help businesses …
Read More »Mobile Wallet Debit Card Use Grows and other Digital Transactions News briefs from 9/28/20
Consumers appear to like using their mobile wallets for payments, with PSCU, a credit union service organization, reporting a 70.3% increase in the use of debit cards for the week ending Sept. 20 over the week ending Sept. 22, 2019. Credit card use in wallets was up 50.4%.Some 76% of small-business owners will …
Read More »Cleure Adding Afterpay to Express Checkout and other Digital Transactions News briefs form 9/25/20
Cleure, a marketer of skin-care products, announced it will launch a redesigned Web site whose features include an express checkout with installment-lending capability from Afterpay Ltd.Payments provider Trust Payments said it has joined with property-management software provider Guestline to launch GuestPay, a payment service for hotel managers. The service is available in 25 …
Read More »Revel Advisory Board Debuts and other Digital Transactions News briefs from 9/24/20
Point-of-sale system develop Revel Systems Inc. formed the Revel Advisory Board, whose members will advise and guide Revel clients on subjects such as franchise planning, scalability and growth, technology, and data use.Processor Paya Inc. and FinTech Acquisition Corp. III, a special-purpose acquisition company, announced FinTech Acquisition Corp. III has filed a Form S-4 related to the …
Read More »Clearent Acquires Wintac and other Digital Transactions News briefs from 9/23/20
Clearent LLC announced the acquisition of Wintac, a software developer for the residential contractor industry. Wintac will become part of FieldEdge, a Clearent subsidiary. Terms were not disclosed.Payments provider Priority Technology Holdings Inc. has completed a previously announced sale of its RentPayment business to real-estate technology provider MRI Software. Priority will continue to …
Read More »POS Credit To Grow 92% and other Digital Transactions News briefs from 9/22/20
Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.MetaBank N.A., a unit of Meta Financial Group Inc., …
Read More »Visa SMB Support Campaign Begins and other Digital Transactions News briefs from 9/21/20
As small businesses prepare for the holiday shopping season in the midst of the coronavirus pandemic, Visa Inc. announced it is launching programs and resources to support their efforts, including so-called Visa Street Teams that visit stores to provide point-of-sale materials to support contactless payments.In related news, Visa said 60% of U.S. …
Read More »Affirms Cements $500 Million Funding Round and other Digital Transactions News briefs from 9/18/20
Point-of-sale credit provider Affirm Inc. said it raised $500 million in a series G funding round. Lead investors were GIC and Durable Capital Partners LP. Affirm also introduced an interest-free biweekly payment product for transactions of as little as $50. It also announced that NutriBullet, a small-appliance maker, offers Affirm as a payment …
Read More »Avon Calls on Apexx for Processing and other Digital Transactions News briefs from 9/16/20
Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …
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