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March, 2020

February, 2020

  • 26 February

    EBay Sets Its Sights on the U.K. As It Prepares to ‘Go Hard’ With Its Managed-Payments Plan

    Online marketplace giant eBay Inc. said last month it has an aggressive expansion blueprint for its fledgling managed-payments program, and late on Wednesday the company announced its latest gambit by laying out a plan to move into the United Kingdom this summer. The service has been available in the United …

  • 20 February

    Ally Financial Agrees to Buy CardWorks, Parent of Major Acquirer Merrick Bank

    Ally Financial Inc. announced this week it will buy CardWorks Inc. for $2.65 billion. CardWorks owns Merrick Bank, a major player in merchant acquiring. In the deal, expected to close in the third quarter, Detroit-based Ally says Merrick Bank will merge into Ally Bank. Merrick has approximately $32 billion in …

  • 11 February

    Repay Expands Its Footprint with Ventanex Acquisition

    Payment-services provider Repay Holdings Corp. continued its run of acquisitions Monday when it announced it bought Ventanex for up to $50 million. Ventanex is an integrated-payments provider operating in consumer finance, especially mortgage-loan servicing, business-to-business health-care payments, and some other segments. Founded in 2012 and based in the Dallas suburb …

  • 11 February

    Mastercard Forms a Joint Venture To Clear Domestic Chinese Card Transactions

    Mastercard Inc. is the latest U.S. payments company to take initial steps to operate in China with Tuesday’s announcement it will form a joint venture with NetsUnion Clearing Corp. to establish a domestic bank card clearing entity. The entity formed from the joint venture—Mastercard NUCC Information Technology (Beijing) Co. Ltd.—received …

January, 2020

  • 23 January

    The Clearing House To Raise RTP Transaction Limit to $100,000

    The Clearing House Payments Co. LLC, operator of the Real Time Payments network, said Thursday that it will raise the RTP transaction limit from the current $25,000 to $100,000 effective Feb. 1. Steve Ledford, TCH senior vice president of product strategy and development, tells Digital Transactions News the limit is …

  • 17 January

    Shell In-Car Payments Come to Fiat Chrysler Dashboards

    Consumers motoring in their Dodge Challengers and Ram pickup trucks are now able to pay for fuel at participating Shell Oil Co. gas stations from inside their vehicles using the vehicles’ infotainment systems. Shell announced Fiat Chrysler automobiles with Uconnect Market enabled will have access to the Shell Pay & Save …

  • 14 January

    Fiserv Aims for a Marketing Home Run by Putting Clover’s Name on a Stadium

    Fiserv Inc. is breaking new ground, at least in the payments industry, by putting not its company name but the brand of one of its leading products on a stadium. The processor announced Monday that First Data Field, a 7,000-seat stadium in Port St. Lucie, Fla., where the New York …

  • 7 January

    Uber Adds Public-Transit Payment Option in Las Vegas

    After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …

December, 2019

  • 13 December

    Eye on IPOs: Investors Embrace Bill.com; Is Klarna Next?

    Photo by Rick Tap on Unsplash

    The term “exceeding expectations” has long been a cliché in corporate America, but it certainly applies to this week’s initial public offering of stock from invoice-management and business-to-business payments provider Bill.com Holdings Inc. Now Sweden-based installment-payments provider Klarna AB, reported to be the most valuable financial-technology provider in Europe and …

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