Digital Transactions Authoritative, insightful and timely information for payments professionals
Discover Financial Services reported its payment-services volume totaled $69.7 billion in the third quarter, up 11% year-over-year. Volume on the Pulse debit network increased 16% to $55 billion owing to larger average spending due to the pandemic and to the lift from stimulus funds.Payments provider PaymentCloud Inc. said it acquired contactless technology startup …
October, 2020
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21 October
PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20
PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …
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20 October
Graylin’s and Wallner’s New Venture and other Digital Transactions News briefs from 10/20/20
Payments industry veterans Will Graylin and George Wallner launched a fundraising campaign on Indiegogo for OV Valet, their new company that wants to offer Superkey, a fob that uses near-field communication and magnetic secure transmission technology, to enable tap-and-pay payments.Payments-technology provider VoPay International Inc. said it is working with Visa Inc. to integrate the …
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19 October
Billtrust to Go Public and other Digital Transactions News briefs from 10/19/20
Billtrust, a provider of accounts-receivable software for businesses, said it will go public at a valuation of $1.3 billion through a merger with South Mountain Merger Corp., a publicly traded special purpose acquisition company, or SPAC. Going public via a SPAC has become an increasingly popular option in recent months.In …
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14 October
In One of Its First Post-SoFi Deals, Galileo Adds $7 Billion in Transaction Processing Via Fintech Save
Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts. Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …
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1 October
Worldline/Ingenico Deal Moves Ahead and other Digital Transactions News briefs from 10/1/20
Ingenico Group S.A. said the European Commission approved Worldline S.A.’s $8.6 billion deal to acquire the point-of-sale terminal maker. Ingenico also said the French financial markets authority set Oct. 15 as the closing date for the tender offer for Ingenico securities. If successful, the acquisition could close Oct. 28, Worldline said.In related news, Ingenico …
September, 2020
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23 September
Clearent Acquires Wintac and other Digital Transactions News briefs from 9/23/20
Clearent LLC announced the acquisition of Wintac, a software developer for the residential contractor industry. Wintac will become part of FieldEdge, a Clearent subsidiary. Terms were not disclosed.Payments provider Priority Technology Holdings Inc. has completed a previously announced sale of its RentPayment business to real-estate technology provider MRI Software. Priority will continue to …
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21 September
Paya Expands Its Government Unit With an Acquisition of The Payment Group
Payments provider Paya Inc. has signed an agreement to acquire The Payment Group (TPG), a provider of integrated payments to utilities and government. TPG’s software allows consumers to digitally pay their court and utility bills. Terms of the deal, which is expected to close in October, were not disclosed. As …
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15 September
Payroc Acquires eConduit and other Digital Transactions News brief from 9/15/20
Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for …
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11 September
AmEx Hires Wells Fargo’s Taylor To Lead U.S. Merchant Services and other Digital Transactions News briefs from 9/11/20
American Express Co. named Colleen Taylor president of U.S. merchant services. Taylor has been executive vice president of merchant services at Wells Fargo & Co. and had worked at Mastercard Inc.The financial newspaper Barron’s is reporting that publicly held Puerto Rico-based payments processor Evertec has hired Goldman Sachs to advise on plans for a sale …
