Global Payments Inc. spent most of last year launching its Genius point-of-sale platform, and now its focus is on reaping a return on that substantial investment, part of a $1-billion technology program the Atlanta-based processor embarked on earlier this year. That initiative also comes as the company focuses on integrating …
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Card-issuing platform Marqeta Inc. reported it processed $112 billion in transaction volume in the March quarter, up 33% year-over-year, generating revenue of $166 million, a 19% rise. Net income swung to a positive $8 million from an $8-million net loss a year ago. MoneyGram will work with the crypto platform Kraken worldwide to allow …
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Two months into the job, PayPal Holdings Inc. president and chief executive Enrique Lores appears to harbor no illusions about the sprawling payments company’s position. “We need to make significant changes,” he said early Tuesday as he opened the company’s March-quarter earnings call. That imperative, he said, stems from several …
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Fiserv Inc. posted revenue of $5 billion in the first quarter, a 2% decrease from $5.1 billion in the 2025 first quarter. By segment, merchant solution revenue was flat at $2.4 billion, though the operating margin for it fell to 26.4% from 34.2%. Fiserv’s financial solutions segment at $2.3 billion was …
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Restaurant payments and management-software provider Toast Inc. announced Monday that it is now an endorsed vendor for luxury hotel group Preferred Hotels and Resorts, and NCR Voyix Corp. reported an expansion of its existing relationship with Southern California grocery chain Stater Bros. Markets. Toast said it is now a member …
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Small business sales, as tracked in the Fiserv Small Business index, were up 1.1% year-over-year in April, buoyed in part by a 2.8% increase in higher average tickets, finds the latest edition of the index. Released Monday, the index found the April increase in the average ticket was the highest …
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Barely three months since taking over the top spot at PayPal Holdings Inc., Enrique Lores is heading up a reorganization of the venerable payments company. Announced late Wednesday following a CNBC report earlier in the day, PayPal says it will migrate to a three-business operating model. The three are checkout …
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Shift4 Payments Inc. said it will provide point-of-sale services at Wrigley Field, home of the Chicago Cubs Major League Baseball team, and at Gallagher Way, the entertainment district adjacent to the ballpark. American Express Co. announced new and beefed-up benefits to mark the 60th anniversary of its gold card, including quintupled membership …
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Stripe Inc. has notched money-transfer services as a customer category with MoneyGram’s adoption of the payment processor’s technology for its retail locations. Additionally, Lightspeed Commerce Inc. is selling Upserve, a hospitality point-of-sale platform it acquired in 2020. Dallas-based MoneyGram International Inc., which went private in 2023, says it will use …
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Two major providers of point-of-sale payments technology announced early Tuesday they are expanding key initiatives that have been long in development. For one of these providers the expansion goes well beyond payments. Block Inc.’s Square POS unit launched its Managerbot technology among sellers participating in an open beta. Based on Square …
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