Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …
Read More »Orum Makes MX Tie-in And Other Digital Transactions News briefs from 11/2/22
The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …
Read More »Amazon Launches Cash Advances And Other Digital Transactions News briefs from 11/1/22
Amazon.com Inc. has launched a merchant cash advance service. The financing option, a white-label service of capital provider Parafin Inc., ties the cash advance to a portion of the merchant’s future sales for a fixed fee. It rolls out for some U.S.-based businesses Tuesday and should be available to many more …
Read More »Global Payments’ $2.29 Billion Quarter And Other Digital Transactions News briefs from 10/31/22
Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …
Read More »Boost Mobile’s OmniMoney And Other Digital Transactions News briefs from 10/28/22
Wireless carrier Boost Mobile launched OmniMoney, a no-fee checking account featuring a debit card and money transfer via mobile app.Online merchant and payments provider Amazon.com Inc. reported North America net sales of $78.8 billion for the quarter ended Sept. 30, up 20% year-over-year. International sales, however, dipped 5% to $27.7 billion, largely due to …
Read More »Rapid Financial To Be Acquired And Other Digital Transactions News briefs from 10/27/22
Tyler Technologies, a specialist in government services and payments, said it will acquire Rapid Financial Solutions, a provider of payments, card issuance, and digital disbursement services, for $68 million. The deal is expected to close in the fourth quarter.Prepaid card specialist InComm Payments has acquired The Card Network, a gift card issuer based …
Read More »Events.com Snaps up Brown Paper Tickets And Other Digital Transactions News briefs from 10/26/22
Events.com announced it has agreed to acquire Brown Paper Tickets, a payments processor for ticketing. Terms were not announced.PayPal Holdings Inc. said Amazon.com Inc. has added its Venmo digital wallet as a payment method on Amazon.com and in the Amazon mobile app. Venmo on Amazon will be available to U.S. customers by Nov. 25 …
Read More »Jack Henry’s New P2P Payments Platform And Other Digital Transactions News briefs from 10/25/22
Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …
Read More »Adyen Marks Banking Debut And Other Digital Transactions News briefs from 10/24/22
Payments provider Adyen NV launched two new services—Capital and Account, offering to small businesses cash advances, business bank accounts, and card-issuing capability.Payment platform GoCardless launched Protect+, an anti-fraud service offering payor authentication, fraud monitoring, and chargeback challenges.Payments-technology provider Payoneer said it has collaborated with e-commerce platform WooCommerce to enable Payoneer Checkout via a plug-in for small …
Read More »Signifyd Tackles Authorization And Other Digital Transactions News briefs from 10/21/22
Fraud prevention services provider Signifyd launched Fearless Payments, a suite of services to help payment service providers increase authorization rates. Among its features are automated risk decisions, authorization rate optimization, and chargeback guarantees on all approved orders.Diebold Nixdorf Inc. announced it will integrate fraud-prevention technology from Featurespace into its Vynamic payments-processing platform.CSG Forte, …
Read More »