Mobile Wallets

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 …

Focused on iGaming as a growth strategy, Paysafe Ltd. announced Monday it is expanding its relationship with Playtech plc, a provider of gambling software, to the United Kingdom and Europe. The deal builds off the two companies’ existing relationship in United States. The deal will allow iGaming operators in the U.K. …

Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …

The Judiciary Committee of the U.S. Senate heard testimony Wednesday from witnesses both for and against regulation of credit card interchange. Speakers represented a supermarket chain, merchant groups, Mastercard and Visa, and a bank. The hearing showed that “while more Democrats than Republicans likely would support greater intervention in the …

Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …

Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …

PayPal Holdings Inc.’s top management made it plain late Wednesday they’re not backing down from a strategy they outlined three months ago that made it seem the payments giant was abandoning an emphasis on sheer growth in favor of increased user engagement . That impression disappointed analysts who follow the …

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 …

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 …

With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will …