Credit Cards

Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …

Two of the more significant merchant-processing operators reported quarterly results Thursday morning, with FIS Inc. indicating its merchant solutions unit recorded $1.18 billion in revenue in the period ended Sept. 30, up 4% year-over-year. Meanwhile, the large payments provider EVO Payments Inc. said its revenue for the same period totaled …

A nascent movement among states to allow citizens to store a driver’s license or other state ID card in a mobile app could give mobile payments a lift, according to research released early Wednesday. Arizona in March was the first state to allow its citizens the option of storing a …

The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …

The payments processor Paya Holdings Inc. on Monday announced UtilityConnect, an initiative aimed at deepening the Atlanta-based company’s involvement in processing for governments, municipal entities, and private utilities. The new portal, which features a redesigned user interface, features new services aimed at easing citizen payments to local governments, including settings …

Amazon.com Inc. has launched a merchant cash advance service. The financing option, a white-label service of capital provider Parafin Inc., ties the cash advance to a portion of the merchant’s future sales for a fixed fee. It rolls out for some U.S.-based businesses Tuesday and should be available to many more …

Fiserv Inc. has struck a deal with petroleum company Sunoco LP to implement its Carat commerce platform across more than 5,500 service stations. The deal will enable Sunoco dealers to streamline payments by connecting in-store, in-app, at the pump, and in-car payments through the Carat platform. Sunoco dealers will also …

Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …

With data sharing via open-banking arrangements becoming increasingly vital in the payments business, the Consumer Financial Protection Bureau on Thursday released an outline of a “data-rights rule” it is preparing that would govern how consumers’ financial information is shared among players such as banks and payments companies. The proposed rule …

With thousands of merchants across the globe, processing powerhouse Fiserv Inc. continues to reap the benefits of that reach with an 11.8% increase in its merchant-acceptance revenue in the third quarter. Heavily affecting the segment’s growth was a 19% increase in revenue from Fiserv’s Clover point-of-sale products and services and …