Competitive Strategies

Golftec LLC, a provider of golf lessons and club fittings, has partnered with Square, Block Inc.’s point-of-sale payments unit, to provide payment processing across its more than 260 locations in the United States. The deal with Square is expected to bring greater efficiency to Golftec’s payment-acceptance processes by reducing the …

As cryptocurrencies edge ever closer to the payments mainstream, they are fitting themselves into day-to-day usage in a bid to win user loyalty. One such application is money transfers, a market that has now attracted the world’s second largest crypto exchange by volume. The Bybit exchange, based since 2022 in …

Payments provider Corpay Inc. said it has closed on the sale of its PayByPhone unit to Lightyear Capital. Terms were not announced. The deal will cut Corpay’s 2026 revenue by approximately $75 million relative to its February guidance, the company said, though it continues to project 10% organic revenue growth for the …

Square, Block Inc.’s point-of-sale payments unit, has partnered with AI-based restaurant-technology platform provider MarketMan to launch an inventory-management application for restaurants. The AI-based application provides restaurants with real-time visibility into ingredient usage, tracks inventory levels, automates purchase orders, and helps restaurants better manage their relationships with suppliers to reduce waste and …

Retailers looking to quickly set up an e-commerce site with integral payments acceptance can now use Famous.ai, a platform that uses artificial intelligence to do so. Launched by Palm Beach, Fla.-based Famous Labs, the service enables business owners to design an online store using plain-language descriptors. The end result, Famous …

Chime Financial Inc., a banking-services fintech, unveiled Chime Prime, a rewards platform for customers who use Chime as their primary checking account. Users must receive at least $3,000 each month in qualifying direct deposits to be eligible for rewards, which include 5% cash back on certain spending using the Chime …

As artificial intelligence continues to work its way into more facets of commerce, consumers and businesses may not be ready to go all in just yet. That day may come, however, if a report from Visa Inc. and another from Aevi prove accurate. First, Aevi, a Germany-based payments platform, found …

Elavon Inc., the merchant-services subsidiary of U.S. Bancorp, has expanded its relationship with embedded-finance platform provider Liberis US Inc. to offer its Quick Capital service to merchants in Canada. The expansion will enable small and medium-size businesses in Canada to access funding through Elavon’s merchant portal. The move is expected …

A fintech startup called CARD91 launched VerifyIQ, an AI-based identity-verification tool for card issuance, account opening, and other applications. BitRail LLC, a provider of digital wallets and payment technology, said it has added new services in partnership with the processor PaymentLock Inc., including branded online checkout and pay-now buttons, a virtual terminal, …