Payments provider Celero Commerce acquired Precision Payments. Celero said its total annual North America card processing volume is expected to exceed $28 billion with the addition. Terms were not disclosed. NCR Atleos Corp. said it will provide its Cashzone Network ATMs in United Kingdom-based grocer Waitrose stores. Payhawk Ltd. announced an integration with Mastercard …
Read More »Mastercard Plans to Tokenize All Online Transactions by 2030
Mastercard Inc. unveiled plans late Wednesday to tokenize card numbers for all online transactions globally by 2030. The move will make the need for physical card numbers, passwords, and one-time codes for online purchases obsolete, the network says. Tokenization masks in-the-clear card numbers with digits that would be indecipherable to …
Read More »Blackhawk Debuts eGift Card Links and other Digital Transactions News briefs from 11/14/24
Prepaid card platform Blackhawk Network launched eGift Card Links, which allows brands to let customers paste a link into an email, text, or social-messaging app. Recipients access the e-gift card by opening the link and can redeem it immediately. Judopay, a United Kingdom-based mobile-payments platform, said it is entering the North American …
Read More »GrabScanGo And MagTek Bring App Clip Technology to Hotel Mini Markets
GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with GSG AveriGo LLC, a provider of self-service checkout technology at the point of sale, is working with MagTek Inc. to provide an App Clip through its GrabScanGo, service that enables consumers to purchase …
Read More »Paysafe Beefs up Its Sales Force As It Looks for Merchant Growth
Since he took over as chief executive in 2022, Paysafe Ltd.’s Bruce Lowthers has stressed what he sees as a crucial need for stronger, and direct, merchant sales to effect the turnaround he wanted to see at the international processing giant. Early Wednesday, he noted the company is ahead of …
Read More »Shift4’s Jaguars Tickets Deal and other Digital Transactions News briefs from 11/13/24
The National Football League’s Jacksonville Jaguars agreed to use Shift4 Payments Inc. to process ticket sales at its home venue, Everbank Stadium. Buy now, pay later provider Sezzle said retailer Rural King, with 130 stores, will offer the BNPL service. Payments provider Repay Holdings Corp. reported third-quarter revenue of $79.1 million, up 6% from the same …
Read More »Shift4 Concedes Some Shortfalls While Posting a 49% Rise in End-to-End Volume
Shift4 Payments Inc. reported a strong third quarter early Tuesday, but by some measures it wasn’t strong enough, and the big processor’s top management frankly admitted as much in a morning call with equity analysts to discuss the results. “We’re clearly number-one in hospitality payments in the world,” said the …
Read More »Visa Credential Tech Coming to U.S. and other Digital Transactions News briefs from 11/12/24
Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …
Read More »Block Focuses on Using Loans, Afterpay, and Cash App to Power Its Growth
The big payments platform Block Inc. will remain focused on its Afterpay buy now, pay later offering, on its Cash App digital wallet, and on increasing access to Square Loans, said Block chief executive Jack Dorsey late Thursday during the company’s third-quarter earnings call. Dorsey stressed the key importance of …
Read More »Toast Revenue up 24% and other Digital Transactions News briefs from 11/8/24
Dining-payments specialist Toast Inc. reported gross payment volume grew 24% in its September quarter compared to the same period last year, reaching $41.7 billion, while locations using its technology were up 28% to almost 127,000. Revenue for the quarter reached $1.3 billion, up 26%; for the nine months through September, revenue totaled …
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