E-Commerce

An investor group led by Priority Technology Holdings Inc. chairman and chief executive Thomas Priore will take the processor private in a deal valued at $1.6 billion, or $8.05 per share in cash, Priority announced early Monday. The company’s closing share price on Friday was $5.83. The agreement follows a …

Caution among consumers when it comes to spending has led more than half of them to favor debit cards for purchases by a wide margin over credit cards, while a significant percentage want control over when their bills are paid, according to the latest ACI Speedpay Pulse Report from the …

Quill Bank announced it has launched its Acquiring Line of Business unit to serve payment facilitators, ISOs, ISVs, and fintechs, and has named payments veteran Deborah Camm senior vice president and head of acquiring. Alchemy, a technology developer for agentic commerce and onchain transactions, announced an integration with Mastercard Agent Pay …

Bottomline Technologies Inc. early Thursday unveiled Global Pay Connect, a platform aimed at easing real-time payments adoption for banks through APIs. The move comes as the company’s research indicates 40% of chief financial officers at banks name outdated technology as the biggest obstacle to real-time payment adoption. “Financial institutions are …

Digital-payments platform Input 1 will work with OneShield, a technology provider for the insurance industry, to allow insurance companies to use Input 1 as an integrated service with OneShield. Guesty, a management platform for short-term rentals, announced it has closed on its acquisition of Smily, a developer of property-management technology. Both systems …

American Water, said to be the largest regulated water and wastewater utility in the U.S., has adopted VXconnect from software developer VertexOne. VXconnect offers a mobile app by which customers can manage payments. Toast announced it has signed Kung Fu Tea for point-of-sale payments processing and related technology. Kung Fu Tea operates 330 …

In an ideal world, a report about the low costs of personally identifiable data that can be stitched together to create a synthetic identity, a proverbial Frankenstein, would be nonexistent. That’s not the world today, however. A new report from Coveron, an identity-theft protection service, outlines how cheap it is …