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- Online checkouts remain a challenge for many merchants as 40% report cart abandonment as more than a minor issue and 41% say fraudulent transactions have risen since the pandemic set in, according to Paysafe Ltd.’s “Lost in Transaction” report.
- PayPal Holdings Inc. said merchants on the Wix.com Ltd. e-commerce platform can offer PayPal’s Pay in 4 and PayPal Credit payment options on a dedicated checkout button.
- Openpay Pty Ltd. said its Opy unit’s agreement with American Express Co. will let AmEx cardholders make installment payments at participating health-care and auto-repair merchants using Opy’s buy now, pay later program.
- The credit-reporting company TransUnion said it has closed on its $638-millon acquisition of Sontiq, a 2-year-old provider of technology for digital-identity protection and security. The deal was announced in October.
- The OLB Group Inc. said it will acquire a portfolio of cannabidiol merchants that will be placed on the company’s SecurePay payment gateway. Though terms were not disclosed, the portfolio generates more than $400 million in annual transaction volume.
- Issuing platform Marqeta Inc. said First National Bank of Omaha will use Marqeta for its credit card program.
- Absolute Production Services announced that this month it will be the first corporate-event production company to accept cryptocurrency in payment for services. The processor is CoinFlip.
- The 12-year-old payments provider Credorax Bank Ltd. has rebranded itself as Finaro.
- PayGround Inc. announced its mobile app, which lets patients and their dependents manage and pay bills from all health-care providers, is now available to the public for both Apple and Android devices.
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