Competitive Strategies

In a move to bolster its leading position in an increasingly difficult money-transfer market, The Western Union Co. announced Sunday it has a deal to acquire International Money Express Inc. for $500 million in cash. Better known as Intermex, Miami-based International Money Express has built a retail network of 100,000 …

SpotOn Transact LLC has enhanced its online ordering platform for independent restaurants with several new features intended to engender customer loyalty and drive repeat business. One of the new features is GoTo Place, a mobile app that allows restaurants to create their own branded mobile storefront. What differentiates GoTo Place …

Shift4 Payments Inc. said it is working with Blue Origin, a space technology company, to enable customers to pay for space flights with cryptocurrency and stablecoins. Payments technology provider Thunes announced a deal with Ontop, a payroll and financial platform, to enable freelancers and remote workers real-time access to their earnings. Payments technology …

Fintiv Inc., a digital-wallet developer, has sued Apple Inc., alleging the iPhone maker stole mobile-wallet technology from Fintiv to further its development of Apple Pay. The case was filed in the Northern District of Georgia, Atlanta Division. Apple Pay debuted in October 2014. Fintiv at the time was known as …

Finzly, a developer of payments technology for financial institutions, says it is preparing to support stablecoins and tokenized deposits. The move is aimed at helping financial institutions remain relevant as programmable money becomes more common, the company says. Programmable money is a digital form of currency that can be programmed …

Deluxe Corp. is expanding its digital lockbox capabilities with the acquisition of CheckMatch, formerly part of a J.P. Morgan business unit. Meanwhile, Marqeta Inc. completed its purchase of TransactPay, a BIN-sponsorship provider. Minneapolis-based Deluxe says the addition of CheckMatch, which had been part of Kinexys by J.P. Morgan, the bank’s …

Klarna AB announced its payments services are available at WooCommerce stores using a plug-in from Stripe Inc. The number of such stores is said to reach hundreds of thousands. Valiify, a loan-origination platform, is working with payments firm Payfinia to use Payfinia’s PaymentXchange platform. Crypto wallet Bitget has launched its stablecoin-backed Mastercard in Brazil, with …

Global Payments Inc. is focusing on its new Genius point-of-sale initiative as it prepares to welcome the big merchant processor Worldpay into its fold, the Atlanta-based company’s top executives said early Wednesday. Global launched Genius for restaurants in May, with Genius for retail following last month. Now, the revamped POS …

Toast Inc. has agreed to work with American Express Co. to leverage the online reservation capabilities of the Resy and Tock platforms, which are owned by AmEx, as well as Toast’s Digital Chits technology. That technology allows restaurant staff to view customer information on Toast devices. Both companies will also …

Shift4 Payments Inc.’s top brass early Tuesday celebrated the long-awaited July 3 closing on its $2.5 billion deal to acquire Global Blue, a Switzerland -based international platform providing transaction services to high-end merchants. The deal clinches a major position internationally for the acquisitive processor, executives said on a call with …