News

December, 2023

• 4 December

  Relay Payments Extends Its Reach with Its Yesway Deal

  

  Relay Payments, a fintech specializing in payments for the trucking and logistics industries, added convenience-store chain Yesway to its roster of locations. Announced Thursday, the expansion adds to the more than 1,500 truck stops nationwide that accept Relay’s cardless payment method. Yesway also owns the Allsup convenience-store chain. Drivers who …
• 4 December

  Priority Cements Datacap Integration And Other Digital Transactions News briefs from 11/30/23

  

  Priority Technology Holdings Inc. said its MX Merchant Suite software will integrate a platform from payments-technology provider Datacap. Mastercard Inc.’s Dynamic Yield technology unit launched a generative AI (artificial intelligence) tool that is aimed at helping consumers search for products in a merchant’s digital catalog. Authvia, a provider of tokenized pay-by-text technology, …

November, 2023

• 29 November

  Shift4 Grows Its Relationship With the Orlando Magic; Cheq Partners With Loud And Live

  

  Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …
• 29 November

  Apple May Be Looking to Replace Goldman, But Will Any Issuer Want the Apple Card?

  

  Apple Inc. may be looking for a new bank to issue its Apple Card, but the big question is whether any potential candidate will want to take it on, some observers say. Apple is apparently taking the initiative in finding a replacement for Goldman Sachs Group, which has issued Apple’s …
• 29 November

  Nuvei Launches Issuing Program And Other Digital Transactions News briefs from 11/29/23

  

  Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …
• 28 November

  Online Sales And BNPL Transactions Hit Record Highs on Cyber Monday

  

  Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …
• 28 November

  Ackroo’s Deal for GiftFly.com Comes As Sales of E-Gift Cards Are Set to Take off

  

  Digital gift cards are a hot product, and that’s attracting the interest of payments players looking to make acquisitions to enter or bulk up their assets in this market. In the latest deal, the Hamilton, Ontario-based point-of-sale payments platform Ackroo Inc. early Tuesday announced it has agreed to acquire the …
• 28 November

  Square Holiday Shopping up 14% And Other Digital Transactions News briefs from 11/28/23

  

  Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …
• 27 November

  Securing Merchants in an Inflated Economy

  

  Strategies to Boost Sales and Safeguard Your ISO Business By Matt Nern, Managing Partner, SignaPay Investors received unsettling news recently as U.S. consumer prices for September surpassed expectations, hinting at persistent inflation and sparking debates on another potential interest rate hike by the Federal Reserve in November. The evolving pricing …
• 27 November

  Why Cyber Monday Sales Are Expected to Reach an All-Time High

  

  Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …