Picklejar Entertainment Group, whose software manages payments and other functions for events, launched contest-management capability incorporating the company’s identity-verification technology. Finmont, a travel-related payments-orchestration platform, has agreed to add processing from payments platform ConnexPay. William P. Foley II has been appointed chief executive of Cannae Holdings Inc., whose investments include a 6% …
Read More »Cantaloupe Revenue up 7% and other Digital Transactions News briefs from 2/9/24
Cantaloupe Inc., a payments processor for vending machines and unattended markets, reported 1.23 million active devices online at the end of its December quarter, up 7% year-over-year. Active clients totaled 30,027, a 14% rise. Revenue for the quarter came to $65.4 million, up 7%, while transaction volume grew 12% to …
Read More »Lightspeed Loss Narrows And Other Digital Transactions News briefs from 2/8/24
Payments provider Lightspeed Commerce Inc. reported December-quarter revenue of $239.7 million, up 27% year-over-year. The company narrowed its net loss to $40.2 million from $814.8 million a year ago. Payments platform FleetCor Technologies Inc. reported December-quarter revenue of $937.3 million, up 6% year-over-year. Net income rose 6% to $255.9 million. For full-year 2023, revenue …
Read More »Entrust Eyeing Onfido And Other Digital Transactions News briefs from 2/7/24
Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …
Read More »Affinipay’s Tap-to-Pay Play And Other Digital Transactions News briefs from 2/6/24
AffiniPay, a specialist in payments for professional offices, launched a refreshed version of its In-Person-Payments service featuring new payments devices that include tap-to-pay functionality. Fiserv Inc.’s Small Business Index for January remained unchanged from December at 138. Year-over-year sales grew 1.7%, down from December’s 2.6% rate. The Index, introduced in January, measures …
Read More »Speedy Payouts Most Favored Among Bettors And Other Digital Transactions News briefs from 2/5/24
Sports-betting enthusiasts rank rapid payouts and payment choice most highly when choosing a sportsbook, according to a report from Paysafe Ltd., a payments processor for which gaming is a major market. The research canvassed 3,000 bettors in six states, Canada, and the United Kingdom, France, Germany, and Italy in December. Airwallex, …
Read More »Apple Revenue up 11% And Other Digital Transactions News briefs from 2/2/24
Apple Inc. reported record quarterly revenue of $23.1 billion in its Services unit, up 11% year-over-year, including an all-time high for payments revenue, which Apple did not break out in its December quarter results. This subcategory includes revenue from processing for stores, Apple Pay, and iOS apps. Cannabis wholesale platform Nabis …
Read More »Nuvei’s Cash App Integration And Other Digital Transactions News briefs from 2/1/24
Payments provider Nuvei Corp. announced an integration with Block Inc.’s Cash App, allowing Nuvei merchants to more easily adopt Cash App Pay for online checkouts. Worldpay LLC announced it is now operating as an independent company following the close of an $18.5-billion transaction that saw private-equity firm GTCR acquire 55% of its equity, …
Read More »PayRange Licensing Victor And Other Digital Transactions News briefs from 1/31/24
KioSoft Technologies has agreed to license technology from PayRange Inc. in a deal that could exceed $62 million in value over a 10-year period. The agreement stems from a settlement of a four-year dispute in which PayRange, a provider of payments technology for the laundry and vending industries, alleged KioSoft infringed its …
Read More »Huntington’s Secure Card And Other Digital Transactions News briefs from 1/30/24
The Huntington National Bank launched a secured credit card offering 1% cashback rewards and no annual fee. Secured cards require cardholders to make a one-time, refundable deposit to back activity on the card. Mastercard Inc. and BOK Financial Corp. expanded their agreement making Mastercard the exclusive payments network in BOK’s debit and …
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