Payments provider NMI is counting on the addition of an artificial intelligence tool from Arcum to mitigate merchant retention. Announced Tuesday, the partnership integrates Arcum’s AI services with NMI’s Merchant Relationship Management platform, formerly known as IRIS CRM, to enable Schaumburg, Ill.-based NMI to get advance notice of possible attrition …
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The big payments provider J.P. Morgan Payments expanded its reach into different sectors this week through deals with leading retailer Walmart Inc.’s Walmart Marketplace and buy now, pay later specialist Affirm Inc. At the Shoptalk conference in Las Vegas, the payments unit of J.P. Morgan Chase & Co., the biggest …
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In what could be an ill omen for other payments processors that softer transaction growth lies ahead, Lightspeed Commerce Inc., provider of an e-commerce platform and payment services for small and mid-sized businesses, on Monday revised its outlook for fiscal 2025 to include year-over-year revenue growth of approximately 18%, down …
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As point-of-sale systems, marketing platforms, and inventory management all find their way to small and large restaurants, there’s a growing need for operators to simplify their technology, finds a new report from Qu Inc., a restaurant platform. As part of its “2025 State of Digital Report,” Arlington, Va.-based Qu found …
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Galileo Financial Technologies LLC’s Digital First product ranks first among digital debit card issuers in Javelin Strategy & Research’s inaugural Digital Issuance Provider Scorecard. Sandy, Utah-based Galileo earned top billing for its flexibility, security, and scalability. Javelin ranked eight digital-issuance vendors’ products, using 25 criteria across features and functionality, technology, …
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Merchant interest in accepting cryptocurrencies continues to expand, with headline progress stemming from high-end luxury-goods segments. The latest example comes from ECD Auto Design, a Kissimmee, Fla.-based dealer in restored luxury cars. The company on Thursday announced it is accepting crypto for vehicle purchases. ECD’s move comes as digital currencies …
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Advanced Executive Sales LLC, a point-of-sale and e-commerce payments platform, and its affiliate Neon Bloom Inc. said they will work with software developer Genwin LLC to boost transaction revenue and reduce dependence on third-party software. Nadcab Labs, an India-based wallet developer, introduced new services aimed at allowing users to manage …
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Installment-payments specialist Affirm Holdings Inc. will include all of its products in data sent to credit-reporting agency Experian plc beginning April 1, while its more than four-year-old partnership with processing platform Adyen NV expands into the United Kingdom. San Francisco-based Affirm says the inclusion of all of its buy now, …
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Plaintiffs seeking to overturn Illinois’s interchange law filed a motion for summary judgement earlier this week and requested that the state’s attorney general drop the case to enforce the law, which is scheduled to go into effect July 1. A motion for summary judgment asks a court to decide a …
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Embedded financial services specialist Jaris Inc. has launched a merchant onboarding service for independent sales organizations, processors, banks, and platforms. The Jaris utility enables merchants to apply for payment processing services and a suite of value-added services, such as business lending, instant payouts and banking services, through a single, pre-populated …
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