Digital Currency

Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.In related …

How people purchased goods and services online, at the in-store point of sale (POS), or on mobile devices changed significantly during the pandemic. Whether or not businesses closed their brick-and-mortar storefronts, they experienced a shift to contactless and online channels as a safer way to transact for businesses and consumers.  …

Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …

Some 83% of consumers said they had used a QR code in the past year to make a payment or complete a financial transaction, with 54% of those persons saying they had used a QR code for those purposes for the first time in only the past three months. Still, just 39% …

Mastercard Inc. said it will acquire Ekata, a digital identity services company, for $850 million. Ekata helps identify good customers and businesses and bad actors in real time, it said. Ekata, formerly the business-to-business unit of Whitepages Pro, spun off in 2019 and adopted the new name. The deal is expected …

Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and …

On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …

Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of …

“We are looking very carefully at the question of whether we should issue a digital dollar,” said Federal Reserve chairman Jerome Powell in testimony before the Senate banking committee. “We are the world’s reserve currency and we have a responsibility to get this right.” As digital currency moves from the …

Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a …