Acquiring

Ensuring healthy merchants are added to a portfolio, and taking care of them once they’re admitted, are two major priorities for acquirers. LegitScript, which provides merchant and product certification and onboarding services, helps organizations vet new merchants and has released updates for its onboarding product. Meanwhile, processor Elavon, a subsidiary …

VersaBank USA started a pilot for its USDVBs, tokenized versions of actual cash deposits at the bank. The move follows a similar pilot by the bank in Canada. VersaBank says it will seek a non-objection statement from the Office of the Comptroller of the Currency before launching the product commercially. Thread …

Authvia, a provider of text-to-pay and conversational-commerce technology for independent software vendors, independent sales organizations, banks, and merchants, has integrated Visa Direct into its TXT2PAY platform. The integration allows merchants and businesses to initiate outbound disbursements, as well as receive inbound payments, in real time. As a result, merchants will …

American Express Co. and the National Trust for Historic Preservation announced 50 restaurants will each get a $50,000 grant plus one year of free service from Resy, an AmEx company. The grants are part of the Backing Historic Small Restaurants program. Payments provider TouchSuite said it acquired a majority ownership in STG, a …

The U.S. cannabis market, which saw $30.1 billion in sales last year, is growing at an accelerating pace, and that’s attracting the attention of processors and other providers. The market’s emergence as a fertile payments-processing market comes as it continues to wrestle with regulatory issues and limited banking services. POSaBIT …

Revenue for all firms offering open-banking technology will grow at a compound annual growth rate of 16% to $11.7 billion by 2028, up from $5.5 billion in 2023, according to a report from management consulting firm MarketsandMarkets, which singles out Plaid, Envestnet, Finicity, and MX Technologies as primary U.S. developers of the …

In the fiercely competitive restaurant market, point-of-sale systems makers can’t afford to slack off when it comes to features for restaurant operators. That’s why companies frequently develop new features. Qu POS Inc. and Square, separately, are the most recent examples. First up is Qu, an Arlington, Va.-based POS system maker with …

Technology provider Q2 Holdings Inc. announced Open Payment Network is its first partner to offer integration for Q2 Instant Payments Manager, a product aimed at banks looking to manage real-time payment workflows. Canada-based payments provider Corpay Inc. announced its cross-border platform has become the official foreign-exchange partner to the New Zealand Football club. Klear.ai, …

Shift4 Payments Inc. expanded its portfolio of professional sports teams early Wednesday through a partnership with the Detroit Lions of the National Football League. Shift4 will provide processing for game tickets and in-stadium commerce, including concession and merchandise sales, on game days. The Lions will deploy Shift4’s SkyTab point-of-sale system …

The payments-technology firm Gr4vy Inc. said it will work with Datalex, a technology provider for airline e-commerce, to enable payment orchestration capabilities for the airline industry. Payments provider Priority Technology Holdings Inc. said it has closed on an acquisition of revenue agreements and customer relationships owned by Boom Commerce, a Priority reseller. Priority said it expects …