The Container Store Group Inc. next month will start offering installment payments from buy now, pay later specialist Afterpay Ltd.With the accelerating conversion of cash to electronic payments, the total value of transactions processed by point-of-sale terminals will grow to more than $17.3 trillion globally in 2026, up from $14.8 trillion this year, …
Read More »With More than 700 Transit Projects in the Pipeline, Visa Sees Tap-to-Pay Transit Payment Surge
As the veil of the Covid-19 pandemic begins to lift, consumers are beginning to resume some of their daily activities. One is returning to the office. While not all are doing this yet, the expectation is that mass-transit systems will soon see ridership bloom. One indicator is that Visa Inc. …
Read More »Square Introduces New Developer Tools for Square Online And Online Selling
At its fifth annual partner and developer conference, Square Inc. on Thursday announced three new tools for software developers: Snippets API for Square Online, Loyalty API, and the Web Payments software development kit (SDK). The new tools arrive as e-commerce volume has exploded in the past year and as larger …
Read More »Priority’s Revenue up 22% and other Digital Transactions News briefs from 5/13/21
Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …
Read More »Bolt Financial Launches Single Store Account Creation and Payment for E-Commerce Merchants
Bolt Financial Inc. is betting its single sign-on checkout application, Bolt SSO Commerce, will make it easier for e-commerce stores to steer shoppers away from using guest checkout. Instead, they can open an account while at the same time saving their payment credentials in one click at checkout. While anonymous …
Read More »MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21
MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
Read More »Repay To Acquire BillingTree and other Digital Transactions News briefs from 5/11/21
Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …
Read More »BNPL Player Affirm Looks to Its Fast-Growing Shopify Link for Near-Term Growth
Affirm Holdings Inc. on Monday described an arc that traced deals to process for tens of thousands of Shopify Inc. merchants on the upside and returns for $2,500 Peloton Inc. treadmills on the downside. In a conference call with stock analysts to discuss its fiscal third-quarter results, the San Francisco-based …
Read More »Nuvei Volume Soars 132% and other Digital Transactions News briefs from 5/10/21
Payments provider Nuvei Corp. reported first-quarter volume of $20.6 billion, up 132% year-over-year, with e-commerce accounting for 87% of that total. Revenue grew 80% to $149.9 million. Nuvei was known as Pivotal Payments until rebranding in 2018.Kount, an authentication and fraud prevention provider, announced Kount Dispute and Chargeback Management Solution, a service that integrates …
Read More »Square Posts a Strong Quarter As Larger Sellers And Bitcoin Play a More Prominent Role
An influx of larger merchants helped drive first-quarter payment volume for Square Inc., while on the consumer side the company’s Cash App benefited from a runup in value for Bitcoin as well as increasing adoption by business users. Sellers’ gross payment volume totaled $29.8 billion in the quarter, up 21% …
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