Commerce specialists SpotOn Transact LLC said it will acquire Appetize Technologies Inc., a point-of-sale technology provider for the hospitality and entertainment industries. Terms were not disclosed. SpotOn also said it raised $300 million in Series E funding, which it will use to help pay for the Appetize acquisition.Integrated-payments provider EngageSmart LLC announced an initial public …
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Travel search engine Kayak Corp. said it will expand its offering of buy now, pay later capability through provider Uplift Inc. to include bookings on the mobile Web and through the Kayak app.In related news, Wisetack, which specializes in buy now, pay later services for home and auto repair, said it raised $45 …
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A new card product that taps the user’s checking account for in-full purchases or installments is in beta testing with “several hundred people,” at buy now, pay later specialist Affirm Holdings Inc., the company’s chief executive, Max Levchin, told equity analysts late Thursday during a session to discuss the company’s …
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The momentum behind real-time payments continues to build with announcements Thursday from Data Center Inc. (DCI), a software provider to community banks, and One Inc., a digital-payments processor for the insurance industry. Community banks using DCI’s banking software can now receive real-time payments through the RTP network, the faster-payments system from …
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The two big card networks are making preparations for big moves into cryptocurrency payments. But crypto is no stranger to fraud, so Mastercard Inc. on Thursday announced it is acquiring CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and other crimes involving digital-currency transactions. The deal, …
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Card-issuing platform Marqeta Inc. said in the first year of a partnership with Zip Co., an Australia-based buy now, pay later provider that recently changed its U.S. branding to Zip from Quadpay, it experienced a 350% year-over-year increase in BNPL net revenue in the 2021 second quarter.Payments and buy now, pay later …
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PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …
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Giant pharmacy chain Walgreen Co. is getting into the banking and debit card business with the launch of Scarlet. Announced Thursday, Scarlet is a Mastercard-branded debit card issued by MetaBank. InComm Payments provides the system for the account. Scarlet works like most bank accounts and is designed to help accountholders …
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The Financial Data Exchange (FDX), a non-profit standards body for providers of open-banking and open-finance applications, announced on Wednesday that the number of consumer accounts using its application programming interface has swelled to 22 million, up from 16 million in April, an increase of more than one million accounts per …
Read More »Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …
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