Nayax Ltd. early Thursday said it has acquired Lynkwell, a U.S.-based technology developer for electric-vehicle charging stations. The $25.9-million, all-cash deal comes as Nayax looks to capitalize on the growth of EV charging as a payments market, particularly in the United States. “We are opening the door to a more …
Read More »Holiday Shopping Scored Record Results Over the Weekend, Adyen Reports
Perhaps the executives at major payments processors are the only people who like seasonal holidays more than consumers do. That became even clearer early Wednesday when Adyen NV announced record results from the Black Friday-to-Cyber Monday shopping bonanza. The Amsterdam-based processor, which measured results in the U.S. and nine other …
Read More »BNPL Giant Klarna Joins the Stablecoin Trend
Fiserv’s Clover Ices a Deal With the NHL’s Minnesota Wild; Payroc’s Entertainment Gambit
Fiserv Inc.’s Clover point-of-sale technology unit has signed a deal with the Minnesota Wild of the National Hockey League to provide its Clover Sport point-of-sale hardware and software at the Wild’s home stadium, Grand Casino Arena. Fiserv will deploy about 300 Clover devices at concession stands throughout the arena. Fiserv’s Clover unit …
Read More »Klarna Soars to Record-High Revenue As Merchant Signings Boom
Klarna AB early Tuesday reported a 26% jump in revenue for its September quarter, to $903 million, the highest revenue number in its 20-year history. The Sweden-based company, which maintains major operations in the U.S. market and internationally, said it processed $32.7 billion in transactions for the quarter, up 23%. …
Read More »PhotonPay Is the Latest to Join Circle’s New Arc Blockchain
PhotonPay announced over the weekend it has joined Circle Internet Financial’s fledgling Arc blockchain, representing the latest participant for Arc since Circle unveiled the network in August. Hong Kong-based PhotonPay, which in July became a Mastercard commercial card issuer, also supports Mastercard users of Google Pay to enable contactless payments …
Read More »A Fast-Growing Payroc Widens Its Offering for Service Businesses
Payroc LLC on Thursday announced its latest move in its expansion into service businesses. The Tinley Park, Ill.-based company said it is widening the capabilities of Roc Services with what it says is expanded scheduling utility and wider flexibility for pricing. Introduced in July last year, Roc Services allows business …
Read More »Paysafe Aims to Boost the Company’s Growth in Merchant Processing
Paysafe Ltd. early Thursday reported a net loss in its third-quarter results that widened to $87.7 million from $13 million last year as the company’s top executives expressed some frustration with its recent performance, particularly in its merchant-processing unit. Much of the loss, though, is attributable to a non-cash charge …
Read More »In Stablecoin Payments, ‘We Intend to Be the Leader,’ Says Circle’s CEO
The payments industry for some time has been seeking meaningful growth in applications based on cryptocurrency, and early on Wednesday, one of the industry’s biggest players in that corner of the marketplace said it is making that happen with stablecoins—digital currency whose value is tied to fiat money like the …
Read More »Eye on POS: Global’s New Device for Genius; Toast Signs TGI Fridays
Global Payments Inc. said it has launched what it calls the payments industry’s first modular countertop point-of-sale device, aimed at retail stores and restaurants. The device, set for commercial rollout in December and tied into Global’s Genius processing platform, is aimed first at enterprise clients, followed by small businesses in …
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