News

December, 2022

• 6 December

  Looking to Sharpen Its Edge in Merchant Services, NMI Acquires Agreement Express’s Payments Assets

  

  Payment platform provider NMI has acquired Agreement Express Inc.’s merchant onboarding, underwriting, and monitoring technologies. The acquisition, which is for the payments portion of Agreement Express’s total business, is aimed at allowing NMI to provide integrated software vendors, independent sales organizations, and fintechs with tools that can speed up merchant …
• 6 December

  Curve Lines up $1 Billion for Flex And Other Digital Transactions News briefs from 12/6/22

  

  Curve OS Ltd. said it secured a deal with Credit Suisse to fund its first $1 billion in installment loans, via its Curve Flex product, in the United Kingdom, Europe, and the United States. London-based Curve announced Curve Flex in 2021. A survey from Bango PLC of 2,500 U.S. subscription users found that 65% said …
• 5 December

  Cantaloupe Expects Its $41-Million Deal for 32M To Net More Locations And Improve Margins

  

  Vending and unattended payments specialist Cantaloupe Inc. has closed on its $41 million acquisition of Three Square Market, known as 32M, and intends to use it as a springboard for expansion and improved profit margins. Three Square Market, with headquarters in River Falls, Wis., will generate an estimated $19 million …
• 5 December

  Real-Time Payments Will Grow Nearly 300% Over the Next Five Years, Juniper Predicts

  

  The growth of real-time payments over the next five years will gain momentum from cross-border transfers in a global economy, according to research released early Monday. Indeed, the total number of real-time transactions, also known as instant payments, worldwide will reach 376 billion in 2027, up 289% from 97 billion, …
• 5 December

  Circle Calls Off Concord Deal And Other Digital Transactions News briefs from 12/5/22

  

  Digital-currency platform Circle Internet Financial Corp. said it and Concord Acquisition Corp. have agreed to terminate a merger the companies had agreed to in July 2021 and amended in February. Nine-year-old Circle posted its first profit in the third quarter, with net income of $43 million. A 2-year-old U.K.-based e-commerce payments provider called Wamo said …
• 2 December

  Chargeback Gurus Launches a Tool To Combat ‘Friendly Fraud’ Chargebacks

  

  To counter the rising tide of first-party misuse chargebacks, also known as “friendly fraud,” Chargeback Gurus has introduced ARI, a predictive-analytics engine the company says can identify transactions likely to be disputed by the cardholder, even though the transaction is legitimate. ARI uses artificial intelligence to analyze data gathered from …
• 2 December

  COMMENTARY: How Banks Can Win Against the BNPL Threat 

  

  Buy now pay later (BNPL) solutions have seen steady growth over the past few years. The lack of regulations and consumer protections have allowed financial institutions to maintain an edge in this product. But for how much longer? BNPL is now threatening the status quo, with 57% of customers saying …
• 2 December

  Splitit’s Top Holiday Spending Categories and other Digital Transactions News briefs from 12/2/22

  

  Buy now, pay later provider Splitit Inc. said data from the Black Friday and Cyber Monday shopping events found that the top spending categories on its platform were electronics, fine jewelry, fitness and outdoors, home furnishings, and health and beauty, based on merchant sales volume. Consumers have hidden bill pay costs of …
• 1 December

  Eye on E-Commerce: No Holiday From Online Fraud; Big Gains for BigCommerce Sellers

  

  As e-commerce volume soars during the holiday season, so does the risk of fraud. Between Thanksgiving Day and Cyber Monday, the Monday after Thanksgiving, 18% of e-commerce transactions originating in the United States were identified as potentially fraudulent, according to a report from TransUnion LLC. On a global basis, 15% …
• 1 December

  Thales Launches Technology to Support Card Transactions for the Visually Impaired

  

  Thales, a French company known in the payments industry for its digital-identity technology, on Thursday introduced a product that it says will allow visually impaired shoppers to verify the details of a card transaction while standing at the point of sale. The Voice Payment Card, which Thales announced has been …