As digital commerce continues to proliferate globally, the need for identity-resolution technology has grown exponentially. Credit-reporting giant TransUnion LLC on Monday strengthened its hand in that capability with the announcement it is acquiring Neustar Inc. for $3.1 billion. TransUnion will finance the deal with a combination of cash and debt. …
Read More »Numbers From Mastercard And Visa Indicate Growing Momentum for Consumer Spending
It’s more than 100 days until Christmas, but forecasts for the 2021 holiday shopping season are already rolling in. Mastercard Inc., in its SpendingPulse report released Monday, forecasts that U.S. holiday retail spending from Nov. 1 to Dec. 24 will increase 7.4% over 2020 and 11.1% over the same period …
Read More »SpotOn To Acquire Appetize and other Digital Transactions News briefs from 9/13/21
Commerce specialists SpotOn Transact LLC said it will acquire Appetize Technologies Inc., a point-of-sale technology provider for the hospitality and entertainment industries. Terms were not disclosed. SpotOn also said it raised $300 million in Series E funding, which it will use to help pay for the Appetize acquisition.Integrated-payments provider EngageSmart LLC announced an initial public …
Read More »Square Wins a 10-Year Deal To Make Los Angeles’s SoFi Stadium Cashless
The trend of professional sports stadiums toward adopting cashless technology to bring greater operating efficiencies to concession stands and other retail outlets within the venue has taken another leap forward with Square Inc.’s 10-year deal to provide payment and merchant services to Los Angeles’s SoFi Stadium and adjoining Hollywood Park development. …
Read More »Kayak Adds More Uplift BNPL Options and other Digital Transactions News briefs from 9/10/21
Travel search engine Kayak Corp. said it will expand its offering of buy now, pay later capability through provider Uplift Inc. to include bookings on the mobile Web and through the Kayak app.In related news, Wisetack, which specializes in buy now, pay later services for home and auto repair, said it raised $45 …
Read More »Marqeta’s 350% BNPL Revenue Bump and other Digital Transactions News briefs from 9/9/21
Card-issuing platform Marqeta Inc. said in the first year of a partnership with Zip Co., an Australia-based buy now, pay later provider that recently changed its U.S. branding to Zip from Quadpay, it experienced a 350% year-over-year increase in BNPL net revenue in the 2021 second quarter.Payments and buy now, pay later …
Read More »Global Payments Agrees to Buy MineralTree, Works with Virgin Money, And Looks to Venue Payments
Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …
Read More »Chase To Acquire 75% of Volkswagen Payments and other Digital Transactions News briefs from 9/8/21
JPMorgan Chase & Co. has agreed to buy close to 75% of Volkswagen’s payments platform, operated by Volkswagen Payments S.A. Terms of the deal were not announced. The unit supports in-car payments and other services in 32 markets worldwide.Clickatell, an online chat provider, launched Chat 2 Pay, a service that enables …
Read More »Mastercard Expands Its Open Banking Reach With an Agreement to Acquire Aiia
Mastercard Inc. strengthened its hand in open banking on Monday, reaching an agreement to acquire European open-banking platform provider Aiia. Terms of the deal were not disclosed. The acquisition is expected to strengthen Mastercard’s position as a provider of open-banking services in Europe. Mastercard established a presence in the business …
Read More »PopID Plans College Campus Expansion and other Digital Transactions News briefs from 9/7/21
PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …
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