Everi Holdings Inc., a provider of payment processing, slot machines, and various services to the gaming industry, said its Everi Payments subsidiary bought $25 million in “strategic assets” from Micro Gaming Technologies Inc., a privately held provider of loyalty and marketing products and promotional tools and apps for casinos. Under …
Read More »OTI Raises $2.5 Million and other Digital Transactions News briefs from 12/24/19
On Track Innovations Ltd., a provider of payments technology based on near-field communication, announced it raised $2.5 million in a private placement of shares.Digital-banking and payments-processing technology provider i2c Inc. launched a mobile app and cardholder Web site it says are designed to help persons who have color-blindness conduct digital banking.TriumphPay, a …
Read More »COMMENTARY: How To Leapfrog Barriers in Payment Infrastructure
Over the last decade, we have seen an explosion in fintech, ushering in a new era of commerce. Payment innovations have closed the technology gap and have connected consumers all around the world—even those without bank accounts—to the digital marketplace. Many fast-emerging markets across Asia and Latin America have seen …
Read More »COMMENTARY: What Will Digital Commerce Look Like in 2020?
Hardly any industry is currently in such a state of flux as is digital commerce. Of course, it’s precisely for this reason that the participating players are particularly concerned with the trends of the future. While it’s no surprise that customers will continue to take center stage, they will do …
Read More »InComm’s Vanilla Visa Debuts in Mexico and other Digital Transactions News briefs from 12/20/19
InComm, a provider of payments processing for the prepaid market, launched its Vanilla Visa prepaid and gift cards in Mexico.Levelset, a payments provider for the construction industry, announced a $30-million funding round led by Horizons Ventures.Butterfly Network Inc., provider of a handheld ultrasound application for mobile devices, said its technology …
Read More »PayPal Scores an Historic First With the Completion of Its Deal for China’s Gopay
PayPal Holdings Inc. officially opened the door to a vast market for payments on Thursday with the closing of its deal for 70% of the equity in China’s Guofubao Information Technology Co. Ltd., better known as Gopay. The Peoples Bank of China had already okayed the deal, for which terms were …
Read More »How Startup Processor Paynetworx Is Benefiting—For Now—From ‘Merger Hell’
As 2019 draws to a close, the year’s super mergers in the payments-processing business may be creating super opportunities for startup service providers. That, at any rate, has been the experience so far of acquiring-industry veteran Trent Voigt and his new company, Paynetwork LLC, which does business as Paynetworx. The …
Read More »Big-Ticket Rejection and other Digital Transactions News briefs from 12/17/19
LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.Juniper Research’s latest report forecasts that the installed base of contactless-enabled …
Read More »Clover Adds Recruiting App and other Digital Transactions News briefs from 12/16/19
Point-of-sale payments technology provider Clover, which is owned by Fiserv Inc., added JazzHR, a recruiting app, to its Clover App Market, which is aimed at small businesses.Splitit Payments Ltd., a global provider of point-of-sale installment payments, announced it reached $3 million in merchant sales over the four-day stretch from Black Friday through …
Read More »Subscription-Payment Specialist GoCardless Boosts U.S. Business With Routing-Number Access
GoCardless Ltd., a London-based company specializing in handling international recurring payments, such as subscriptions, is eyeing a bigger presence in the U.S. market and has struck a deal that it expects will help process debits through the automated clearing house. The arrangement, announced Monday, will let GoCardless access ABA routing …
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