Wednesday , August 5, 2020

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July, 2020

  • 31 July

    Shift4 Emerges From Its IPO With Less Debt and More Cash

    Shift4 Payments Inc. is scheduled to have its first quarterly earnings call as a publicly held company on Thursday. Ahead of that call, company founder and chief executive Jared Isaacman is expressing satisfaction with the merchant acquirer’s June 4 initial public offering.  The oversubscribed IPO was priced at $23 per share, …

  • 29 July

    Businesses Adopt Zelle As the Network’s Numbers Climb in the Face of the Pandemic

    Peer-to-peer payments networks like Zelle were introduced as a means for consumers to pay each other, but business acceptance now appears to be ramping up along with consumer usage in the face of the Covid-19 pandemic.  Seven major financial institutions are now enabling property owners, home-services companies, and other small …

June, 2020

  • 30 June

    European Commission Report Details Wealth Redistribution From Interchange Regulation

    A new European Commission report shows how interchange regulation has lowered merchants’ payment card acceptance costs and taken more than $3 billion a year from card issuers’ top lines. The EC, the executive arm of the Brussels-based European Union, implemented its so-called Interchange Fee Regulation in 2015 and 2016. The …

  • 18 June

    Private-Label Debit Provider ZipLine Sold to PDI

    ZipLine, the provider of private-label debit payment services for convenience stores like Cumberland Farms, has been acquired by Professional Datasolutions Inc., a c-store software developer and services company. Announced Thursday, the deal will enable Alpharetta, Ga.-based PDI to bundle ZipLine’s private-label debit and mobile-payment app with its Marketing Cloud Platform. …

  • 15 June

    It’s Goodbye Cards, Hello Electric Cars for Publicly Traded Processor Net Element

    Merchant processor Net Element Inc. has a letter of intent to merge with Mullen Technologies Inc., a privately held startup that plans to sell Chinese-made electric sports cars in the U.S. The pending deal, announced Monday, requires Net Element to divest its payment-processing business. The so-called “reverse triangular merger” is …

  • 5 June

    Merchant Acquirer Shift4 Payments Prices IPO Above Expected Range

    Investors appear eager to buy stocks of payment-processing companies as evidenced Thursday by Shift4 Payments Inc. pricing its initial public offering at $23 per share, nearly 10% above the high end of the $19 to $21 range it had expected just days earlier. Shift4’s shares opened late Friday morning on …

May, 2020

March, 2020

February, 2020

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