Thursday , March 28, 2024

Mobile Commerce

Payroc Beefs Up Its Presence in Canada With Its Deal for SterlingCard

Payments-platform provider Payroc LLC has expanded its footprint in Canada through its acquisition of SterlingCard Payment Solutions Inc., a provider of retail and e-commerce payment solutions, for an undisclosed sum. Tinley Park, Ill.-based Payroc announced mid-day Tuesday it had closed on the deal. The acquisition enables Payroc to offer a …

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PSCU/Co-op Debuts a BNPL Service for Credit Unions

Credit union service organization PSCU/Co-op Solutions released its buy now, pay later service to credit unions, enabling their cardholders to make installment payments on their card-based purchases. PSCU/Co-op, which merged Jan. 1, says cardholders whose credit unions enroll in the service can choose qualifying transactions to pay back in installments. …

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Entrust Eyeing Onfido And Other Digital Transactions News briefs from 2/7/24

Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …

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More Salvos Emerge in the Battle Over a Credit Card Networking Bill

Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition fired the latest salvo in its campaign to pass the CCCA, a television commercial that literally shows a consumer getting …

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Fiserv Logs Robust Results in Its Merchant Unit As Its Clover Tech Surges Ahead

Fiserv Inc., already a behemoth in merchant processing, is preparing to straddle its twin pillars of acquiring-bank relationships, on the one hand, and its own acquiring operations through a Georgia bank charter, on the other. The charter, which the big processor applied for last month, has “a very specific purpose,” …

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Fleet Card Startup AtoB Signs an Exclusive Network Deal With Mastercard

AtoB, a 4-year-old payments platform for the trucking industry, announced Monday that Mastercard Inc. will be the exclusive network for its commercial card program. AtoB’s platform provides such tools as fleet cards, direct-deposit payroll, and access to bank accounts. The San Francisco-based fintech’s fuel card offers discounts of up to …

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Speedy Payouts Most Favored Among Bettors And Other Digital Transactions News briefs from 2/5/24

Sports-betting enthusiasts rank rapid payouts and payment choice most highly when choosing a sportsbook, according to a report from Paysafe Ltd., a payments processor for which gaming is a major market. The research canvassed 3,000 bettors in six states, Canada, and the United Kingdom, France, Germany, and Italy in December. Airwallex, …

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Cantaloupe Makes a Play for Stadium Pay With a $4.75 Million Deal for Cheq

Cantaloupe Inc., a provider of cashless payment technology for the self-service market, has acquired Cheq Inc. for $4.75 million, Cantaloupe announced late Thursday. Cheq is a payments and ordering platform for sports, entertainment, and hospitality venues.  With the acquisition, Malvern, Pa.-based Cantaloupe can enter what has become in recent years …

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Apple Revenue up 11% And Other Digital Transactions News briefs from 2/2/24

Apple Inc. reported record quarterly revenue of $23.1 billion in its Services unit, up 11% year-over-year, including an all-time high for payments revenue, which Apple did not break out in its December quarter results. This subcategory includes revenue from processing for stores, Apple Pay, and iOS apps. Cannabis wholesale platform Nabis …

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High Costs And Fraud Risk Drive Sellers’ Dissatisfaction With Card Processing, J.D. Power Finds

Small businesses tend to be less satisfied with their credit and debit card processing than they are with processing for alternative payments, according to a study by J.D. Power. Based on a 1,000-point scale, with 1,000 being the highest score, merchant-satisfaction scores for credit card processing averaged 692, while scores …

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Digital Transactions