June 16, 2021
Acquiring, ATMs, Competitive Strategies, E-Commerce, Electronic Bill Payment, Fraud & Security, Law and Regulation, Mergers & Acquisitions, Mobile Commerce, Point-of-sale
Payments provider Repay Holdings Corp. closed on its $503-million cash-and-stock acquisition of BillingTree, an 18-year-old payments-technology provider. The deal, the largest in Repay’s history, was announced May 10.NCR Corp. said it expects to close its $2.5-billion acquisition of ATM-network specialist Cardtronics plc on June 21. The merger agreement was announced in January.Freight-payments provider PayCargo received a $125-million Series …
Read More »
June 15, 2021
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
The first fruits of GoDaddy Inc.’s acquisition six months ago of payments-technology provider Poynt Inc. emerged Tuesday with the announcement of GoDaddy Payments, a service aimed at unifying payments capabilities for GoDaddy’s base of e-commerce clients. To start with, GoDaddy Payments will focus on e-commerce transactions for clients using GoDaddy Websites …
Read More »
June 15, 2021
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale
American Express Co. said its Kabbage unit now offers Kabbage Checking to U.S. small businesses. AmEx also said it now offers Kabbage Funding to small businesses with lines of credit ranging from $1,000 to $150,000.Global Payments Inc. has launched a point-of-sale application that operates on commercially-available, off-the-shelf mobile phones, reported The Paypers …
Read More »
June 14, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Transaction Processing
Payments provider Adyen NV announced the Office of the Comptroller of the Currency has approved the company’s application for a federal foreign branch in San Francisco. The Federal Reserve granted its approval in May. Adyen says the U.S. branch license will allow its single platform to scale and introduce more services for …
Read More »
June 11, 2021
Acquiring, Competitive Strategies, Digital Currency, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Fresha, a platform that enables consumers to book and pay for beauty and wellness appointments, received a $100-millon Series C investment led by General Atlantic.BitPay Inc. is processing transactions allowing users to spend cryptocurrency with Shells, a provider of cloud-based virtual desktop operating systems.The city of South Haven, Mich., has launched …
Read More »
June 10, 2021
Acquiring, Competitive Strategies, E-Commerce, Featured, Law and Regulation, Mergers & Acquisitions, Point-of-sale, Pricing, Transaction Processing
Heeding years-long requests from merchants for a solution to simplify sales-tax compliance, Stripe Inc. on Thursday introduced Stripe Tax, an application that allows merchants to automatically calculate and collect sales tax, value-added tax (VAT), and goods-and-services tax (GST) in the United States and more than 30 other countries. Spurring the need …
Read More »
June 10, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Buy now, pay later provider Uplift Inc. said its service has been integrated with Vegas.com, a travel site.In related news, buy now, pay later provider Splitit said its service is now available on the ChargeAfter platform, which offers merchants a variety of consumer financing methods.Mastercard Inc. said it has closed on its $850-million acquisition of Ekata …
Read More »
June 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Law and Regulation, Point-of-sale, Pricing, Transaction Processing
Soon, there might be just two states that prohibit credit card surcharging with the passage Tuesday of a bill in Colorado that would permit the pricing strategy. The bill, SB21-091, passed both the Colorado House and Senate and now moves to Governor Jared Polis’s desk. He has 30 days to …
Read More »
June 9, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Consumer spending has now been recovering for a full year from the impact of Covid-19, according to a report released on Wednesday by Visa Inc. The card network’s U.S. Spending Momentum Index, which it began releasing publicly last month, registered a reading of 123.3 for May. That number indicates 59% …
Read More »
June 9, 2021
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Electronic Bill Payment, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
A survey from Fast, an online checkout provider, found that 86% of U.S. shoppers have abandoned an online shopping cart. Of the 1,004 consumers surveyed earlier this month, 55% said they would be more likely to make an online purchase if there was a quicker, easier way to buy directly from …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
