The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later. American Express Co., working with the National Trust for Historic Preservation, will …
Read More »Nuvei Closes Paya Deal And Other Digital Transactions News briefs from 2/23/23
Payments provider Nuvei Corp. closed on its previously announced $1.3-billion deal to acquire Paya Holdings Inc. Nuvei will release fourth-quarter and full-year 2022 results on March 8. Earlier this week, Paya released figures indicating its 2022 payments volume totaled $49.5 billion, with 2022 revenue of $282.7 million and net income of $8.3 million. Processor Evertec …
Read More »42% of Income Spent on Bills And Other Digital Transactions News briefs from 2/22/23
The average U.S. household spends $29,459 per year on bills, amounting to 42% of income, according to the “2023 U.S. Bill Pay Market Size & Category Breakout Report” from bill-pay processor doxo. Mission Lane, a fintech providing access to credit and debit products to more than 2 million consumers, said it …
Read More »PayJunction Readies A2A Integration And Other Digital Transactions News briefs from 2/21/23
Payments provider PayJunction released an updated version of its developer toolset to enable software companies to integrate account-to-account bank transfer connectivity within their platforms. Equipifi, a white-label buy now, pay later provider, said customers of credit union ACU of Texas can now use BNPL as a payment method with their existing debit …
Read More »Bitcoin Bill Pay Enabled And Other Digital Transactions News briefs from 2/20/23
The cryptocurrency exchange Bitcoin of America announced users can pay their utility bills at kiosks operated by the company in Illinois and Texas by converting their virtual currency holdings into dollars at the machines. Samsung Electronics Canada launched a new version of its Samsung Galaxy S23 Series of mobile phones in that country, with …
Read More »Entrust Group Enlists Stripe for Card and ACH Payments And Other Digital Transactions News briefs from 2/17/23
Entrust Group, an IRA administrator, said it is working with Stripe Inc. to ease credit card and automated clearing house payments for client contributions. Block Inc.’s Cash App will support a cash-giveaway promotion for Moe’s Southwest Grill on Feb. 24, with the total payout expected to be $25,000. U.S. Bank launched its Business …
Read More »Repay Sells a Software Unit And Other Digital Transactions News briefs from 2/16/23
Payments provider Repay Holdings Corp. said it has sold its Blue Cow Software LLC unit to PDI Technologies Inc., a software provider for convenience stores and petroleum-related companies. Terms were not disclosed. Blue Cow came to Repay in June 2021 as a result of Repay’s $503-million acquisition of BillingTree in 2021. Digital identity and fraud prevention …
Read More »NRS Makes Canada Move And Other Digital Transactions News briefs from 2/15/23
National Retail Solutions, a point-of-sale platform provider, said it is expanding to Canada. Currently, select retailers in Toronto are deploying NRS terminals with plans to add more cities in coming months. Payments platform Nayax Ltd. said EV Meter, a technology firm working with Nayax on new electric-vehicle charging platforms, will support EV …
Read More »Visa’s Mobile Move in Africa And Other Digital Transactions News briefs from 2/14/23
Visa Inc. is working with Tingo Mobile, a unit of the global fintech MICT Inc., in an effort to expand access to digital payments throughout Africa. The move starts with the Tingo Visa Card, along with a TingoPay mobile app and a TingoPay business portal. Klarpay AG, a fintech offering businesses …
Read More »Nuvei’s F1 Ambition And Other Digital Transactions News briefs from 2/13/23
Nuvei Corp. said it will be a multiyear sponsor of the Mercedes-AMG Petronas Formula One Team. Business management marketing software provider Marketing 360 added a tap-to-pay feature to its mobile app, enabling its clients to accept payment cards and digital wallets. The cryptocurrency-payments platform Wirex said it will become a member of Visa Inc. in …
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