Digital Transactions Authoritative, insightful and timely information for payments professionals
Priority Technologies Holdings Inc. says that just like other merchant acquirers its payment volumes are taking a hit as consumers and businesses hunker down in reaction to the corona virus. But its chief executive insists Priority’s diversified business model provides insulation from the pandemic’s worst effects. Overall processing volumes for …
March, 2020
- 30 March
Dwolla Appoints Payscape’s Harris to Succeed Founder Milne As CEO
Dwolla Inc. said Monday it has hired Brady Harris to be its new chief executive, replacing founder Ben Milne. Harris comes to the Des Moines, Iowa-based payments provider from Payscape, an Atlanta-based merchant processor. Milne, who indicated this winter he wanted to step down as CEO, will stay with Dwolla …
- 18 March
Familiar Names Dominate New Rankings of U.S. Merchant Acquirers, With Chase Retaining the Lead
JPMorgan Chase & Co. led U.S. merchant acquirers last year with $1.51 trillion in dollar volume processed, according to new industry rankings announced Wednesday by The Strawhecker Group. Long a powerhouse in acquiring, Chase led 2018’s rankings with $1.4 trillion in volume. Retaining second place last year was Worldpay, with …
- 18 March
New 7-Eleven Delivery Option and other Digital Transactions News briefs from 3/18/20
In the face of the Covid-19 pandemic, 7-Eleven Inc. said its home-delivery service has added a “contactless” option in which customers can indicate they want the delivery left at the door. The company’s 7NOW delivery app counts more than 30 million enrolled households.MoneyGram International Inc. reported its online transactions grew 60% year-over-year in …
- 17 March
Newly Formed Repay Reports a 44% Payment Volume Increase for 2019
Repay Holdings Corp. said its 2019 card payment volume of $10.7 billion was a 44% increase over the combined 2018 figures for its constituent units, the Atlanta-based processor reported Monday. Formed in mid-2019 through the merger of Hawk Parent Holdings LLC and a subsidiary of Thunder Bridge Acquisition Ltd., Repay …
- 11 March
Ex-Twitter Execs Join a $50 Million Funding Round for Payment And Software Provider SpotOn
Fast-growing payment technology and software provider SpotOn Transact Inc. said Wednesday that it raised $50 million in a Series B funding round that included 01 Advisors, an investment firm led by three former Twitter Inc. executives. SpotOn, which says its revenues increased by more than 150% in 2019, will use …
- 9 March
SurchX Sold to InterPrivate and other Digital Transactions News briefs from 3/9/20
Private-equity firm InterPrivate LLC announced the acquisition of SurchX, a payments provider offering surcharging programs. SurchX was renamed InterPayments. Terms were not disclosed.ParTech Inc., a subsidiary of PAR Technology Corp., announced an application programming interface integration with eTouchMenu, a digital-menu provider, and ParTech’s Brink POS software.Priority Payment Systems, a subsidiary of …
- 6 March
Square’s Dorsey Reconsidering His Africa Relocation and other Digital Transactions New briefs from 3/6/20
Jack Dorsey, the co-founder and chief executive of Twitter Inc. who also is the CEO of merchant processor Square Inc., told an investor conference he is reconsidering his plan to spend much of his time this year in Africa because of Covid-19, the coronavirus, “and everything else going on,” Bloomberg …
- 3 March
Eye on Acquisitions: Fiserv Acquires ISO MerchantPro Express; RevSpring Adds Loyale Healthcare
After a more than 10-year relationship with MerchantPro Express LLC, processor and banking-services provider Fiserv Inc. is bringing the Melville, N.Y.-based firm in house with an acquisition of the independent sales organization. Announced Tuesday, the deal sees the long-time partner—likely with First Data Corp., which Fiserv bought last year—acquired as a …
- 3 March
Shazam To Offer TCH’s Real Time Payments and other Digital Transactions News briefs from 3/3/20
Debit network Shazam Inc. said it will offer The Clearing House Payments Co. LLC’s Real Time Payments service to its member financial institutions.POS Supply Solutions said it acquired Paper-Net, a point-of-sale consumables supplier, earlier this year. Terms were not disclosed. Paper-Net will take on the POS Supply Solutions branding.Professional Data Solutions Inc. (PDI), …