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- Avelo Airlines said it has entered a multi-year agreement to adopt payments services from PayPal Holdings Inc., including Pay in 4, PayPal’s buy now, pay later service, as well as PayPal Checkout and Braintree, PayPal’s transaction processor.
- U.S.-based payments platform FreedomPay said it will support transactions for Pennies, a United Kingdom-based fintech that supports donations for charities.
- Payments provider Priority Technology Holdings Inc. reported September-quarter revenue of $189 million, up 14% year-over-year, with year-to-date revenue of $556.3 million, also up 14%. The company narrowed its net loss for the quarter to $87,000 from $792,000 a year ago.
- Payments-technology provider Usio reported $20.5 million in revenue for its September quarter, a 25% year-over-year increase, while it narrowed its net loss to $720,913 from $1.77 million a year ago.
- Olympics sponsor Visa Inc. released a list of 117 athletes signed up for “Team Visa” at the upcoming 2024 Summer Olympic Games in Paris.
- Fintech advisory firm Totavi released a report aimed at helping nonbanks adopt the concept of credit cards as a service.
- The city of Montgomery, Ala., has selected PayIt, a specialist in government payments, to process transactions.
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