Wednesday , June 19, 2024

Acquiring

Eye on Healthcare Payments: PatientPay Partners With Higher Standards; Vyne Dental’s Billing App

PatientPay, a payments provider for the health-care industry, has partnered with health-care processor Higher Standards Inc. to make its end-to-end billing and payment-acceptance billing solution available to Higher Standards clients. The partnership grew out of Higher Standards’ need for a technology partner that could provide billing and payment technology to …

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FEVO Picks Shift4 for Processing

FEVO Inc., an online shopping tool that enables consumers to share purchases with their friends, says it will use Shift4 Payments Inc. as its preferred payment processor for all music festivals and general-admission events. New York City-based FEVO’s model is built on enabling consumers to shop together without leaving a …

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Nuvei Advances Corporate Change and other Digital Transactions News briefs from 6/19/24

Shareholders in Nuvei Corp. approved the processor’s previously announced agreement to be acquired by Advent International LP for $34 per share in a move that will take the big processor private. The Financial Times reported that regulators in the European Union have accepted concessions from Apple Inc. that will allow competing payment platforms to access the …

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No Slowdown in Online Grocery’s Post-Pandemic Surge

Online grocery sales, which surged during the Covid pandemic as consumers avoided in-store shopping, continue to grow at a rapid pace, though the pandemic ended 13 months ago, according to the World Health Organization. Sales of groceries online, which include curbside pickup, increased 30% year over year in May, according …

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ACI Notes Cross-Border Milestone and other Digital Transactions News briefs from 6/18/24

U.S.-based payments provider ACI Worldwide Inc. said its partnership with Stet, a Paris-based clearing and settlement system, processed more than 50 million real-time cross-border payments in the past 12 months. The companies expect that volume to grow more than 50% in the current year. Cross-border payments specialist Nium Pte. Ltd. said it is working …

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A Fight Over an Illinois Interchange Prohibition Law Is Far From Over

Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year. Opponents of the bill are continuing an ad campaign to …

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Eye on Ticketing: Shift4’s San Diego FC Ticket Win; Passport Preps for College World Series

A new soccer club in San Diego will use Shift4 Payments Inc. for its ticketing transactions, while Passport Inc. readies its parking expertise for the NCAA Men’s College World Series this week. Allentown, Pa.-based Shift4 says its payments technology will undergird ticket transactions for the new Major League Soccer team, …

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Yardi’s Rent-Payment Integrations and other Digital Transactions News briefs from 6/17/24

Yardi Systems Inc. a provider of property-management software, announced integrations with two rent-payment platforms, Best Egg and Flex, in a move that the company says will enable tenants with a direct payment option through Yardi’s service. Online bill pay provider doxo Inc. launched the Cost of Bills Index, which is based on doxo’s …

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The Big Credit Card Settlement Now Appears to Be Headed for a Trial. Who Will Win?

With the judge in the massive credit card interchange litigation apparently insisting on a trial, a new and unsettling element of uncertainty now hangs over the nearly 20-year-old case, in which merchants allege anti-competitive behavior by the big credit card networks in setting interchange fees. The latest development comes nearly …

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Shift4 Closes Revel Deal and other Digital Transactions News briefs from 6/14/24

Shift4 Payments Inc. announced it has acquired a majority interest in Germany-based point-of-sale provider Vectron Systems AG in a transaction previously reported by Digital Transactions News. Vectron serves roughly 65,000 merchant locations throughout Europe. Shift4 also said it has closed on its previously announced deal for Revel Systems, a point-of-sale technology company serving more than …

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Digital Transactions