Digital Transactions Authoritative, insightful and timely information for payments professionals
A technology company called Markt POS announced what it says is the first cloud-based software to handle payments and other functions exclusively for small and medium-size grocery and specialty stores. The company says more than 300 stores have signed up for the product. Iowa-based payments provider VizyPay said it has processed more than $4 …
January, 2023
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9 January
Seeking to Be a Business Solution Provider, ISO Newtek Closes on National Bank of New York City,
Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, has completed its acquisition of National Bank of New York City. The acquisition agreement, which Newtek entered into in 2021, was subject to approval by the Office of the Comptroller of the Currency. The …
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9 January
Processor Consolidation Takes a Big Step With Nuvei’s $1.3 Billion Bid for Paya
Nine days into 2023, the ongoing wave of processor consolidation rolled further with the announcement early Monday that Nuvei Corp. has agreed to acquire Atlanta-based processor Paya Holdings Inc. in a deal valued at $1.3 billion. The transaction would bring to Montreal-based Nuvei a processor with deep roots in payments …
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9 January
Clowd9 Enlists Netcetera’s 3-D Secure And Other Digital Transactions News briefs from 1/10/23
Clowd9, a cloud-based payment-processing platform, said it will use 3-D Secure issuer services from Netcetera to authenticate transactions and for access control services. Mastercard Inc. introduced its Mastercard Artist Accelerator program, which aims to assist fledgling music artists through nonfungible tokens and other Web3 technologies.
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6 January
Ordeno Enters the Restaurant POS Fray With a ‘Better Monetization of the Table’
Ordeno has become the latest player to jump into the highly competitive restaurant POS market with the launch of the Ordeno app. The company expects to differentiate its app from those of competitors by providing what it bills as a richer list of services that includes the ability to access …
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6 January
Fintech NorthOne Offers a Real-Time Payments Capability Via The Clearing House
Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …
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6 January
Fleetcor Closes on Global Reach Acquisition And Other Digital Transactions News briefs from 1/6/23
Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …
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5 January
Lured By Deep Discounts, Online Shoppers Set a Spending Record for the 2022 Holiday Shopping Season
E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …
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5 January
Why the FTC Isolated Mastercard With Its Pre-Christmas Consent Order
When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …
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5 January
What’s in ACI’s Future? And Other Digital Transactions News briefs from 1/5/23
ACI Worldwide Inc.’s shares finished up 13% to $26.11 on Wednesday as Bloomberg reported the payments company is talking to private-equity players about a possible sale. Payments processor Computer Services Inc. said it is working with Microsoft to rebuild its technology on Azure, Microsoft’s cloud-services platform. CardWorks Servicing LLC, a unit of CardWorks …