Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …
Read More »Eye on BNPL: Klarna Debuts a Virtual Shopping Service; Splitit Joins the Visa Ready Program
In the latest buy now, pay later updates, Klarna AB introduced Virtual Shopping, an online service that connects shoppers with in-store experts, and Splitit Payments Ltd. joined the Visa Ready for BNPL program. Stockholm-based Klarna says its Virtual Shopping service enables consumers to browse and buy online while connecting via live chats …
Read More »Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22
Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …
Read More »Infinicept Lands New Funding To Expand Its Embedded-Payments Platform
Fresh off a $23-million round of new funding, Infinicept, a Denver-based firm that specializes in embedded payments, intends to use the money to add scalability and functionality to its payments platform, expand into international markets, and add tools and processes for clients. As a result, Infinicept says, clients will have …
Read More »Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum
Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …
Read More »Priority’s Revenue up 35% and other Digital Transactions News briefs from 5/11/22
Payments provider Priority Technology Holdings Inc. reported first-quarter revenue of $153.2 million, up 35% year-over-year.PayBright said it will provide installment payments to passengers using CheapOair.ca, an online travel agency.Travel platform Agoda said it now offers interest-free credit card installment payments on its booking platform in a partnership with Visa Inc.E-commerce fraud protection provider Signifyd said it …
Read More »Visa’s Expansion of Visa Ready for BNPL Reflects the Payment Method’s Growing Popularity
The white-hot buy now, pay later market got even hotter Tuesday as Visa Inc. announced an expansion of its Visa Ready program with Visa Ready for BNPL. More than 20 partners are now live on Visa Ready for BNPL, including ACI Worldwide Inc., CyberSource Corp., FIS Inc., Marqeta Inc., and …
Read More »Paying Rent with Crypto and other Digital Transactions News briefs from 5/10/22
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
Read More »Paysafe Expands Its iGaming Footprint in The U.K. And Europe in a Deal With Playtech
Focused on iGaming as a growth strategy, Paysafe Ltd. announced Monday it is expanding its relationship with Playtech plc, a provider of gambling software, to the United Kingdom and Europe. The deal builds off the two companies’ existing relationship in United States. The deal will allow iGaming operators in the U.K. …
Read More »Bigger Tickets, Savvier Consumers, Higher Losses: It’s All Part of BNPL 2.0, Some Say
At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
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