PayPal is in play, as rival payments player Stripe has made an offer to buy the 27-year-old company at a reported valuation of more than $53 billion, according to a report early Wednesday by Reuters. The offer, at $60.50 per share, is backed by both Stripe and Advent International, a …
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Payments provider Priority Commerce announced it will process ticketing transactions for the National Football League’s Pittsburgh Steelers under a multi-year agreement. Priority Payments rebranded as Priority Commerce in late 2024. Gift card and loyalty technology provider Factor4 announced an integration with the MX POS platform from Priority Commerce. The integration is aimed at easing …
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Ever since Shift4 Payments Inc. paid $2.5 billion last year to acquire Global Blue, the processor has looked for ways to leverage the international shopping platform’s strengths in tax-free shopping for international travelers. The latest development emerged early Tuesday with Shift4’s launch of Shift4 One, a move the company says …
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Bill-payment technology provider Repay Holdings Corp. said its board has unanimously rejected a revised, unsolicited offer from Forager Capital Management LLC to acquire the company with a $5.25-per-share cash offer, arguing the bid undervalues the company. In related news, Repay has appointed Zachary F. Sadek to its board of directors. Sadek is a senior …
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Payoneer Inc. is continuing its software-development push with the opening of a new developer hub in India this week. In June, processor Nuvei Corp. said it would acquire Payoneer in a $2.75 billion deal that is expected to close mid-2027. New York City-based Payoneer says the hub, in Gurugram near …
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Mastercard Inc. is looking to sell a majority interest in its United Kingdom-based Vocalink payments-processing business, according to press reports that emerged early Monday. DeliveryCo, a technology company backed by U.K. banks and payments platforms, is reportedly a potential buyer. A 51% stake in 19-year-old Vocalink could fetch nearly $535 …
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Nu Mexico, a Mexico-based, 7-year-old credit card issuer with 15 million customers, received approval from regulators to begin doing business as a bank, making it the country’s largest digital bank. Singapore-based Webuy Global Ltd. launched its Smart Travel Card, which features assistance by AI agents in trip preparation, transportation, and payments, among …
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E-commerce platform Digistore24 Inc. is adding another payment option, one that allows consumers to pay directly from their bank accounts for purchases made at merchants that use the platform. Dubbed Instant Bank Payments, the service is available for U.S. transactions and is enabled by a Stripe Inc. service, Stripe Link. …
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Circle Internet Group Inc. said its plan to establish First National Digital Currency Bank, N.A., has been approved by the Comptroller of the Currency. The bank’s operating name will be Circle National Trust. Circle submitted its banking application June 30 last year and received conditional approval in December. The move …
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BingX, a cryptocurrency exchange and AI company, launched its BingX Visa Debit Card, which allows users to spend stablecoins globally. The issuer is Wirex, a stablecoin technology developer and principal member of Visa. PayPal Holdings Inc. said its PayPal USD stablecoin is now issued natively on the Polygon, a blockchain network, through …
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