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Western Union Wrestles With Hitches in Its $500 Million Intermex Deal
Paysafe Looks to First Half ’26 Momentum for a Strong Finish
Growth in iGaming helped drive overall payment volume for Paysafe Ltd. in the June quarter as the company recorded a 5% year-over-year rise in volume in its merchant-solutions unit, to $37.3 billion. The favorable results arrived as the company has “resolved matters that have hung over the company for some …
Read More »How Merchants Are Exploiting E-Commerce Tech And Strategies
As e-commerce expands, issues pile up for both online merchants and their customers. One such problem concerns shipment tracking, a necessary function when packages go awry. That issue creates opportunity. Early Wednesday, Veho Tech Inc. announced an integration with the e-commerce giant Shopify that offers real-time delivery tracking data directly …
Read More »Francisco Partners Agrees to Acquire Canadian Processor Moneris
Francisco Partners has agreed to acquire Toronto-based Moneris Solutions Corp., a payments-technology developer, from Bank of Montreal and Royal Bank of Canada for $2 billion Canadian, or $1.43 billion U.S. The banks will each take half of the sale price. The two institutions have owned the Ontario-based processor as a …
Read More »Toast Adds Adyen for U.S. Processing
Eye on BNPL: Splitit’s Move in Auto Repair; Sezzle’s Sizzling Quarter
The buy now, pay later platform Splitit says it will offer its installment-payment services in the automotive-repair and services business through a partnership with 1stMILE, a loyalty and payments platform specializing in that industry. The move comes as many automobile-servicing costs are rapidly developing into necessary rather than discretionary transactions. …
Read More »The Past Will Not Be Prologue, Fiserv’s Top Executive Promises
Global Payments Looks to Genius And Worldpay for Big Gains
Stablecoins Come to Money Transfers Via Western Union’s Stablecard
The Western Union Co. and payments-technology developer Rain have launched a digital wallet and credit card that can enable money transfers using stablecoins from a card-linked account. Called Stablecard, the product works with the stablecoin USDPT, also introduced Tuesday. Stablecard is going live in 37 markets, according to Western Union, …
Read More »Consumers Are Spending More, But There Are Fewer of Them, Fiserv Says
The U.S. small-business economy is stuck in neutral, with any improvement coming from customers buying more rather than from a boost in foot traffic, according to a key performance index calculated by the big transaction processor Fiserv Inc. The company’s Small Business Index registered at 145.3 for July, up 1.6% …
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