Acquiring

Small businesses dominate the U.S. economy, and two payments companies are taking steps to ensure they offer relevant services. First, Square added 3% cash back on Square Bill Pay transactions and the ability to pay vendors even if they don’t accept cards. And, with J.P. Morgan Payments’ backing, Dream Payments …

Francisco Partners has agreed to acquire Toronto-based Moneris Solutions Corp., a payments-technology developer, from Bank of Montreal and Royal Bank of Canada for $2 billion Canadian, or $1.43 billion U.S. The banks will each take half of the sale price. The two institutions have owned the Ontario-based processor as a …

Repay Holdings Corp. reported second-quarter revenue of $100.7 million, up 33% year-over-year, with $21 million contributed by Kubra Data Transfer Ltd., a bill-payment platform Repay acquired for $372 million in cash on June 1. Repay narrowed its net loss to $11.5 million from $108 million a year ago. Bill pay services …

Ask Maps brings artificial-intelligence commands to Google Maps, with Square and Toast Inc. among the first point-of-sale system companies to enable agentic food ordering within Maps. Google is integrating elements of its Gemini AI engine into its Maps product to enable users to ask for complex, multi-step tasks such as …

Pressure on Fiserv Inc. has mounted in recent weeks, and now an activist investor is calling on the big Milwaukee-based processor to divest assets that lie well beyond its two debit networks. In an open letter to Fiserv’s board on Thursday, Jana Partners Management LP urges Fiserv’s board “to take …

The Western Union Co. reported June-quarter revenue of $1 billion, flat with the year-ago result. Net income of $76.7 million was down 37%. Revenue from consumer money transfers totaled $866.1 million, down 2%; for the first half of the year, consumer-transfer revenue fell 3% to $1.71 billion. Setomatic Systems, a provider …

Point-of-sale platform Lightspeed Commerce Inc. narrowed its first-quarter loss to $2.4 million from $49.6 million a year prior. Lightspeed reported its fiscal first quarter earnings ended June 30 with $322.7 million in revenue, up 5.8% from $305 million a year ago. In 2025, Lightspeed embarked on a two-pronged POS-based plan to improve its performance. …