Fortis Payment Systems LLC acquired the NetSuite payments division of MerchantE Solutions Inc. Fortis said the acquisition will boost its position in embedded enterprise resource planning payments. Terms were not disclosed. Mastercard Inc. and JPMorgan Chase are two of eight companies the Federal Trade Commission issued orders to seek information about products that …
Read More »Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24
Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …
Read More »i2C’s Corporate Card Plans and other Digital Transactions News briefs from 7/22/24
U.S.-based digital banking and payments platform i2c Inc. said it will work with Beyon Money Business, a banking-technology provider, to launch a corporate expense card program for small and mid-size companies, first in Bahrain and later more widely. Ackroo Inc., a point-of-sale technology provider and gift card platform, announced revenue for the …
Read More »Aurus To Integrate Paze’s Checkout Tech and other Digital Transactions News briefs from 7/19/24
Payment-processing software provider Aurus Inc. said it will work with Early Warning Services LLC to integrate EWS’s Paze online checkout technology, with Aurus user Wakefern Food Corp. having already adopted Paze. Cash App will leave the United Kingdom market, having launched there in 2018, it announced in a Web post. The service will shut down …
Read More »Cash App a Google Play Payment Now and other Digital Transactions News briefs from 7/18/24
Block Inc.’s Cash App announced it will be a payments option on Google Play, an Android-based e-commerce store offering apps and other content and accessed by more than 2.5 billion users monthly. Payments provider Repay Holdings Corp. said borrowers will be able to pay mortgage servicers with debit cards through an integration by Repay …
Read More »U.S. Bancorp Merchant Revenue up and other Digital Transactions News briefs from 7/17/24
U.S. Bancorp generated $454 million in merchant processing services revenue in the second quarter, up 4.1% from $436 million in the year-ago quarter. Private-label card specialist Synchrony Financial posted $3.7 billion in second-quarter revenue, up 12.1% from $3.3 billion in the 2023 second quarter. Net income of $643 million increased 13% from $569 …
Read More »British Regulators Eye Digital Wallets and other Digital Transactions News briefs from 7/16/24
Two British regulatory agencies will examine the practices and policies of digital wallets offered by technology firms, according to a report on SeekingAlpha.com. Specifically, the Financial Conduct Authority and the Payment Systems Regulator want to know the benefits and risks of digital wallets. Restaurant reservation platform OpenTable said it will offer eligible Visa Inc. …
Read More »Wirex’s Crypto Tie-in to Cards and other Digital Transactions News briefs from 7/15/24
The U.K.-based payments platform Wirex said it will work with Visa Inc. to integrate digital currencies with Visa cards in the U.K. and European Economic Area. As part of the collaboration, Wirex said it is launching Wirex Pay, a service aimed at easing use of both traditional money and cryptocurrency. Payment gateway Freedom …
Read More »Inswitch Lands Processing Contract and other Digital Transactions News briefs from 7/12/24
U.S.-based embedded-finance platform Inswitch announced it will issue and process Visa debit cards locally and internationally for n1co Technologies, a fintech based in El Salvador. Online travel agency Expedia Group Inc. signed a multiyear agreement with Wells Fargo Co. and Mastercard Inc. to launch two new cobranded credit cards. Digital-payments platform Billtrust said Visa Inc. has …
Read More »BNPL Satisfaction High and other Digital Transactions News briefs from 7/11/24
A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the …
Read More »