Competitive Strategies

Repay Holdings Corp. reported second-quarter revenue of $100.7 million, up 33% year-over-year, with $21 million contributed by Kubra Data Transfer Ltd., a bill-payment platform Repay acquired for $372 million in cash on June 1. Repay narrowed its net loss to $11.5 million from $108 million a year ago. Bill pay services …

As artificial intelligence continues to make gains in consumers’ purchasing decisions, most are not quite ready to fully trust an AI agent to make a purchase on their behalf, with just 35% globally wanting human approval before an AI completes a purchase, finds a new report from RTB House. Released …

The buy now, pay later platform Splitit says it will offer its installment-payment services in the automotive-repair and services business through a partnership with 1stMILE, a loyalty and payments platform specializing in that industry. The move comes as many automobile-servicing costs are rapidly developing into necessary rather than discretionary transactions. …

Payments platform Repay Holdings Corp. launched REPAY Voice, a voice-response system using artificial intelligence to process consumers’ bill payments. Earlier this month, the company said it was working on a system to enable bill payments via text messaging. PAR Technology Corp., a specialist in restaurant point-of-sale processing, reported June-quarter revenue of $133.4 million, …

Buy now, pay later provider Klarna AB said it completed an integration with J.P. Morgan Payments that enables merchants on the processor’s Commerce Platform to offer Klarna’s BNPL options at checkout with no integration on the merchant’s end. Fraud prevention services firm Signifyd said e-commerce fraud increased 33% this year over last in its …

Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount …

Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, …