Digital Transactions Authoritative, insightful and timely information for payments professionals
SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F funding round led by Dragoneer Investment Group LLC. The round, which comes just eight months after a Series E funding, values the company at $3.6 billion.Sphere, a healthcare payments and security software company, launched a …
May, 2022
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17 May
Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22
Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …
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12 May
Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22
Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …
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11 May
Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum
Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …
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5 May
Lightspeed Leverages a Single Platform That Enables POS And E-Commerce Payment Channels
Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions. The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …
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3 May
Big Merchants And E-Commerce Help Drive Growth for FIS in 2022’s Early Going
Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …
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2 May
Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services
Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …
April, 2022
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27 April
Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals
Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …
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27 April
NCR Revenue up 26% and other Digital Transactions News briefs from 4/27/22
NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …
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26 April
As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter
A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …