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- Black Friday through Cyber Monday shopping generated a 10% rise year-over-year for Block Inc.’s Square, Cash App, and Afterpay payments properties, to 124 million transactions, the company reported.
- Payments processor Nuvei Corp. announced it is expanding a partnership with Microsoft Corp. to enable its core payment processing APIs to run on Microsoft Axure and use Azure AI to enhance transactions in real time. The collaboration will push Nuvei’s transactions-per-second capability beyond 10,000, the company says.
- PAX Technology Inc. said it will introduce payment terminals with authentication through biometrics in a partnership with Wink, a developer of biometric identity verification based on AI.
- Payrange LLC, a provider of payments technology for unattended retail locations, said it agreed to acquire KioSoft Technologies, a cashless-payments platform. Terms were not disclosed.
- Travel Centers of America said its TA Petro Shopping Centers and TA Express locations will accept payments via the Relay Payments Inc. app in-store and at the pump at participating locations. TA operates more than 300 locations in 44 states.
- Klarna AB said Cozey, a Canada-based furniture retailer, has adopted its payments technology, including buy now, pay later capability for Cozey’s online stores in Canada and the United States.
- Klarna also announced it has launched tap-to-pay capability across 14 markets in Europe for the Klarna Card within the Klarna app. The card, which can function in either debit or credit mode, has attracted more than 4 million consumers and is accepted at more than 150 million merchant locations, globally, Klarna says.
- Element Fleet Management Corp., an automotive fleet manager, has agreed to acquire CarIQ, a developer of in-vehicle payments technology. Terms of the deal, which is expected to close this month, were not disclosed.
- BMO Commercial Bank introduced its Payment APIs, aimed at allowing businesses in Canada and the United States to more easily integrate real-time payment APIs into treasury platforms, enterprise resource planning systems, and customer-facing services.
- The Federal Money Services Business Association nonprofit has launched its Stablecoin Standards Authority, said to be an independent body within FedMSB and aimed at boosting reliability, governance, and transparency for stablecoins based on the U.S. dollar.
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