Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …
Read More »
Shift4 Payments Inc. on Thursday reported record quarterly end-to-end payment volume and gross revenue as it notched what chief executive Jared Isaacman called a “strong first quarter.” Stronger performance in the company’s core hospitality market helped drive end-to-end volume to a record $8 billion, with most growth coming from new …
Read More »
Skeptics abound when it comes to digital currencies, but PayPal Holdings Inc. is out to prove them wrong. Chief executive Dan Schulman, an early enthusiast, made it plain Wednesday he sees the crypto trend not only as the company’s big opportunity, but also as a potential liability if PayPal fumbles …
Read More »
Square Inc. continues to build out delivery services for its Square Online platform with the addition of liquor delivery. Merchants using Square Online that sell liquor can offer customers the option to purchase alcohol from the store’s Web site and have the order fulfilled through Square’s delivery partner DoorDash Inc. …
Read More »
More evidence emerged that consumers are still increasing their use of contactless payments, over a year since the outbreak of the Covid-19 pandemic. Contactless transaction counts among the more than 75,000 small businesses in the latest CardFlight Small Business Report grew 426.7% in the week ending May 2 compared to …
Read More »
The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …
Read More »
The big processor Global Payments Inc. announced early Tuesday it will acquire Zego Inc., a payments and technology provider for managers of residential real estate, in a deal valued at approximately $830 million. The company also announced an agreement to buy the PayOne acquiring business in Austria belonging to the …
Read More »
The Clearing House Payments Co. LLC announced three processors—Fiserv Inc., FIS Inc., and Jack Henry & Associates—will offer its real-time payment service to minority-owned depository institutions. The processors and TCH will jointly cover the onboarding fees for these financial institutions connecting to TCH’s RTP network.Datacap Systems Inc. said it will offer the digital …
Read More »
Payments company Flywire Corp. has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The number of shares to be offered and their price range have not yet been determined. The action follows the company’s submission in March of a confidential draft registration statement for …
Read More »
A processing failure has interfered with direct deposit of payroll for an undetermined number of businesses using Intuit Inc.’s QuickBooks payroll service. In response to numerous posts on Twitter about the incident, Intuit posted a link to the following notice: “Some payroll customers are reporting they have not received their direct deposit …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
