Acquiring

As part of its strategy to expand its offering of multichannel payment technology, payment-platform provider NMI announced Tuesday the acquisition of IRIS CRM, a merchant-services customer relationship management and merchant-management platform that services clients in the payments industry. Terms of the deal were not disclosed.  The addition of IRIS CRM …

Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …

Mastercard Inc. said it is enabling Mastercard-branded cards to be used for purchases on Coinbase’s upcoming NFT marketplace. NFTs, or non-fungible tokens, are digital goods.Accounting-automation company Bookkeep announced integrations with Stripe, Sage Intacct, and NetSuite. The company, which serves more than 600 retailers and restaurants, also offers links to Shopify, Square, Amazon, and …

Stripe Inc. announced Monday a five-year deal with Ford Credit, Ford Motor Company’s financial-services arm, to develop new e-commerce applications for Ford customers and dealers in North America and Europe. The agreement also includes processing payments for the automaker’s dealer network and providing Ford dealers with an improved payment-acceptance platform.  …

Open banking, single-click checkout wallets, and the hot buy now, pay later trend will all help drive e-commerce volume worldwide in the coming five years, predicts Juniper Research in a report released Monday. This momentum is likely to push online sales long after the short-term impetus from the pandemic subsides, …

Software firm UST said it has worked with Kiosk Information Systems to introduce a touchless checkout platform that offers both voice and gesture-based interaction as well as a variety of payment flows, including QR codes, app wallets, contactless cards, and cash.Point-of-sale terminal maker Ingenico, a unit of Worldline, launched its Self-Modular POS, a …

Payroc WorldAccess LLC said it acquired East Commerce Solutions, a merchant service provider, which has more than $2 billion in annual processing volume. Terms were not disclosed.NCR Corp. said it has closed on its acquisition of LibertyX, a provider of software for cryptocurrency transactions at ATMs and on various payment-acceptance devices. LibertyX …

Visa Inc. announced a new payment platform, Visa Acceptance Cloud, which will let acquirers, payment service providers, point-of-sale system makers, and Internet of Things developers, to move the payment processing software from the hardware device to the computing cloud. Tests of the new platform are happening in North America, South America, …

Buy now, pay later loans are extremely popular, especially among Millennials and Gen Zers, because the loans give them more purchasing power, and they can spread out the payments, usually without having to pay interest.  Yet, despite the immense popularity of BNPL loans, evidence is emerging that consumers with multiple …

Visa Inc.’s Back to Business study found 82% of small businesses plan to accept some form of digital payment in 2022, with 24% saying they plan to accept digital currencies like Bitcoin. The study canvassed 2,250 small-business owners and employees in nine countries, including the United States.Payments provider Lightspeed Commerce Inc. said its merchants …