Visa Inc. has collaborated with working-capital platform Fundbox to launch the Fundbox Flex Visa debit card, issued by Pathward N.A.KindTap Technologies, a payments provider specializing in the cannabis industry, has integrated with Dispense, an e-commerce platform, to allow merchants using Dispense to accept credit card and automated clearing house payments …
Read More »Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22
Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …
Read More »Luxury-Tour Operator Scott Dunn Picks Nuvei and other Digital Transactions News briefs from 5/27/22
Payments provider Nuvei Corp. said it has agreed to process payments for luxury-tour operator Scott Dunn.Payments-technology provider Verifone Inc. opened registration for CommerceNow 2022, a virtual digital-commerce conference scheduled for June 22-23.EPayResources, a payments advisory service, named Jeff Foote incoming president effective June 1. He succeeds current president Laura Steele, who is expected to …
Read More »CFPB Targets Card Issuers and other Digital Transactions News briefs from 5/26/22
The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …
Read More »Paddle Acquires Profitwell for $200 Million and other Digital Transactions News briefs from 5/25/22
Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …
Read More »Mastercard’s Cyber Front and other Digital Transactions News briefs from 5/24/22
Mastercard Inc. launched Cyber Front, a platform aimed at helping businesses and governments combat online intrusions through the simulation and assessment of cyber attacks.MoneyGram International Inc. said its shareholders have approved a previously announced, $1.8-billion acquisition by private-equity firm Madison Dearborn Partners LLC. The merger is expected to close in the fourth …
Read More »EVO Payments Acquires North49 and other Digital Transactions News briefs from 5/23/22
Payments provider EVO Payments Inc. announced it has acquired North49 Business Solutions Inc., to enable integrated payment services for businesses using the Sage accounting system. Terms were not announced.Restaurant specialist SpotOn released a report on the impact of inflation on restaurants that found the biggest average price increase was in seafood restaurants, up 19% …
Read More »Outdoorsy Picks PayPal’s Pay in 4 and other Digital Transactions News briefs from 5/20/22
Outdoorsy, a company that arranges rental of recreation vehicles, said it will accept payments through PayPal Holdings Inc.’s buy now, pay later service, Pay in 4.Klarna AB initiated a three-day event called “Dream Deal Days” to observe hitting 150 million users and 400,000 merchant partners. The event, held across 19 markets around …
Read More »SpotOn Raises $300 Million in Funding and other Digital Transactions News briefs from 5/19/22
SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F funding round led by Dragoneer Investment Group LLC. The round, which comes just eight months after a Series E funding, values the company at $3.6 billion.Sphere, a healthcare payments and security software company, launched a …
Read More »Orduo Launches Restaurant Ordering System and other Digital Transactions News briefs from 5/18/22
Technology firm Orduo has launched a white-label online ordering system for restaurants. The product is aimed at independent sales organizations and value-added resellers.NCR Corp. said its NCR Aloha Cloud point-of-sale system has a refreshed user interface, a small handheld device, and next-day funding of deposits.Routable, a business-payments platform aimed at mass payouts, launched …
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