Acquiring

Shift4 Payments Inc.’s top brass early Tuesday celebrated the long-awaited July 3 closing on its $2.5 billion deal to acquire Global Blue, a Switzerland -based international platform providing transaction services to high-end merchants. The deal clinches a major position internationally for the acquisitive processor, executives said on a call with …

Payments provider Electronic Merchant Systems acquired Paysley, an omnichannel payment platform. Terms were not disclosed. EMS also recently invested in Payment Nerds and Pet Payments, and acquired Peel Payments in April. Processor FIS Inc. reported June-quarter revenue of $2.6 billion, up 5% from the same period last year. The company’s banking solutions unit took in $1.8 billion, up …

CDK Global LLC, a provider of cloud-based software for auto dealerships and original equipment manufacturers, has launched SimplePay, a cloud-based payments solution for auto dealers. Austin, Texas-based CDK developed SimplePay to help dealers streamline payments throughout their dealerships, such as service, parts, and accessories purchases through a single platform. The …

Having fought back from the ravages of the pandemic, quick-service restaurants now represent a large and fast-growing market for providers of point-of-sale technology—but also one presenting new and vexing challenges, according to top payments executives who specialize in this industry. For fast-food or fast-casual restaurants, “building a point of sale …

The July report from the Fiserv Small Business Index increased to 149, up one point from June. Year-over-year sales increased 3.6% and transactions grew 3%. Consumer spending increased from June, but their foot traffic into small businesses was nearly flat, Fiserv said. NewtekOne Inc. and its banking unit, NewTek Bank N.A., launched a …

Major League Soccer franchise Orlando City SC has partnered with Ordr Technologies, an AI-powered payments platform for enterprise venues, stadiums, and teams, to process transactions at Inter&Co Stadium, the team’s home field. Salt Lake City, Utah-based Ordr will provide high-speed transaction processing with real-time analytics that will give Orlando City …

Acquisitive merchant acquirer Payroc WorldAccess LLC has struck its latest deal, this time with a definitive agreement, announced Thursday, to acquire card-not-present payment processor BlueSnap Inc., which has seven offices around the globe. Financial terms of the deal were not disclosed. Payroc, based in the Chicago suburb of Tinley Park, …

Toast Inc. early Thursday unveiled Toast Go 3, the latest version of its handheld point-of-sale terminal for restaurants. Toast Go 3 offers cellular connectivity, as opposed to Wi-Fi only, and includes ToastIQ, an intelligence engine intended to offer personalized recommendations. The addition of cellular connectivity will enable staff to use …

The processor Nuvei said it has expanded its global clearing and settlement services into the U.S. and Canadian markets. Mastercard Inc. reported second-quarter net revenue of $8.1 billion, up 17%, with net income of $3.7 billion, a 14% rise. Lightspeed Commerce Inc. reported June-quarter revenue of $304.9 million, up 15% from the same period …

In the world of payments, it’s easy to focus on the visible costs—processing fees, transaction expenses, vendor rates. But often, the real cost hides in plain sight. It shows up when a payment fails, when a customer gives up mid-transaction, or when confusion leads to a flood of support calls. …