Digital Transactions Authoritative, insightful and timely information for payments professionals
Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …
November, 2022
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3 November
Bakkt To Acquire Apex for $200 Million and other Digital Transactions News briefs from 11/3/22
Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …
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3 November
Eye on Earnings: FIS Faces an ‘Uncertain Environment’ While EVO Looks to a Merger With Global Payments
Two of the more significant merchant-processing operators reported quarterly results Thursday morning, with FIS Inc. indicating its merchant solutions unit recorded $1.18 billion in revenue in the period ended Sept. 30, up 4% year-over-year. Meanwhile, the large payments provider EVO Payments Inc. said its revenue for the same period totaled …
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2 November
Orum Makes MX Tie-in And Other Digital Transactions News briefs from 11/2/22
The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …
October, 2022
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31 October
Global Payments’ $2.29 Billion Quarter And Other Digital Transactions News briefs from 10/31/22
Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …
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27 October
Rapid Financial To Be Acquired And Other Digital Transactions News briefs from 10/27/22
Tyler Technologies, a specialist in government services and payments, said it will acquire Rapid Financial Solutions, a provider of payments, card issuance, and digital disbursement services, for $68 million. The deal is expected to close in the fourth quarter.Prepaid card specialist InComm Payments has acquired The Card Network, a gift card issuer based …
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3 October
Lightspeed Restaurant Tweaked And Other Digital Transactions News briefs from 10/3/22
Lightspeed Commerce announced it has added a data-analytics capability, Lightspeed Advanced Insights, to its Lightspeed Restaurant payments service.The French payments company Worldline announced it has closed on the sale of its Terminals, Solutions & Services unit to Apollo Funds. The 2.2-billion-euro deal, which includes the Ingenico line of point of sale devices, was announced in …
September, 2022
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30 September
Circle Looks to Its Deal for Elements to Ease Crypto Payments for Merchants
Blockchain players have been working for years to bring digital currencies to the point of sale, leading to Circle Internet Financial LLC’s announcement Thursday it has acquired a San Francisco-based payments-technology firm called Elements to make it easier for stores to take crypto, including Circle’s stablecoin, USD Coin (USDC). Terms …
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28 September
Square Tap to Pay on iPhone Debuts And Other Digital Transactions News briefs from 9/28/22
Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly …
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14 September
Bottomline Acquires Nexus Systems And Other Digital Transactions News briefs from 9/14/22
Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …
