Acquiring

Over the last 24 months, organizations across the globe have experienced $42 billion in total fraud losses. An increasing number of businesses report higher losses related to fraudulent identities year over year, according to a report from Experian, from 51% in 2017 to 57% in 2019. Here are some of …

ActiveCampaign, a customer-experience automation provider, is teaming with Stripe Inc. and PayPal Holdings Inc. to integrate its software in the platforms of both payment providers. The integrations will enable merchants to connect their Stripe or PayPal accounts to ActiveCampaign through native integrations and use payer data to coordinate personalized customer …

Point-of-sale system develop Revel Systems Inc. formed the Revel Advisory Board, whose members will advise and guide Revel clients on subjects such as franchise planning, scalability and growth, technology, and data use.Processor Paya Inc. and FinTech Acquisition Corp. III, a special-purpose acquisition company, announced FinTech Acquisition Corp. III has filed a Form S-4 related to the …

Clearent LLC announced the acquisition of Wintac, a software developer for the residential contractor industry. Wintac will become part of FieldEdge, a Clearent subsidiary. Terms were not disclosed.Payments provider Priority Technology Holdings Inc. has completed a previously announced sale of its RentPayment business to real-estate technology provider MRI Software. Priority will continue to …

Priority Technology Holdings and its Priority Payments Systems and Priority Commercial Payments units are working with business-to-business credit provider Behalf Inc. to allow Priority clients to finance purchases at checkout through Behalf rather than through cash, check, or credit card. The move comes as many small businesses continue to contend with …

Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.MetaBank N.A., a unit of Meta Financial Group Inc., …

Payments provider Paya Inc. has signed an agreement to acquire The Payment Group (TPG), a provider of integrated payments to utilities and government. TPG’s software allows consumers to digitally pay their court and utility bills. Terms of the deal, which is expected to close in October, were not disclosed. As …

As small businesses prepare for the holiday shopping season in the midst of the coronavirus pandemic, Visa Inc. announced it is launching programs and resources to support their efforts, including so-called Visa Street Teams that visit stores to provide point-of-sale materials to support contactless payments.In related news, Visa said 60% of U.S. …

Real-time payment flows are coming to processor settlements with merchants as Visa Inc. enlarges the market for its Visa Direct push-payment service. The latest development emerged this week with EVO Payments Inc.’s launch of EVO Direct Deposit, a service that relies on Visa Direct to credit U.S. merchant accounts. The …

Point-of-sale credit provider Affirm Inc. said it raised $500 million in a series G funding round. Lead investors were GIC and Durable Capital Partners LP. Affirm also introduced an interest-free biweekly payment product for transactions of as little as $50. It also announced that NutriBullet, a small-appliance maker, offers Affirm as a payment …