Competitive Strategies

While mobile-wallet ownership holds steady at 45%, younger consumers are embracing the payment technology more readily than they were 10 months ago, according to a research from the big processor FIS Inc. As of February, 65% of young Millennials use a mobile wallet, compared to 59% in April 2020. In …

The Diem cryptocurrency, once known as Libra, has undergone so much change in the past year that some observers at least might argue it’s almost an entirely different project. The latest development emerged late Wednesday with the announcement that the Diem Association is moving its operations from Switzerland to the …

Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …

Bolt Financial Inc. is betting its single sign-on checkout application, Bolt SSO Commerce, will make it easier for e-commerce stores to steer shoppers away from using guest checkout. Instead, they can open an account while at the same time saving their payment credentials in one click at checkout. While anonymous …

Visa Inc. on Wednesday introduced to the general public its Visa Spending Momentum Index, a measure of what the global payments network calls “the health of consumer spending,” and the latest number indicates the U.S. economy is doing far better in the wake of business reopenings. In April, the index …

MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …

Paysafe Group Holdings Ltd. has had an eventful six months, and on Tuesday the big processor indicated it’s going to be busy cultivating its stakes in U.S. online gambling and other specialized markets. “Our goal is to be the leading specialized payments platform,” declared chief executive Philip McHugh during a …

Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …

Affirm Holdings Inc. on Monday described an arc that traced deals to process for tens of thousands of Shopify Inc. merchants on the upside and returns for $2,500 Peloton Inc. treadmills on the downside. In a conference call with stock analysts to discuss its fiscal third-quarter results, the San Francisco-based …

Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. In part, observers are reacting to a report …