Digital Transactions Authoritative, insightful and timely information for payments professionals
Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …
June, 2021
May, 2021
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28 May
Consumers Soon Will Be Able to Fill ‘er Up With Crypto at Sheetz Stores
Consumers traveling with cryptocurrencies busting out of their digital wallets will be able to spend some of that at select Sheetz convenience stores later this summer. Sheetz says it is the first c-store chain to accept crypto. In an announcement Friday, the 622-store chain says it will enable crypto acceptance …
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28 May
Shopify Recruits Google and other Digital Transactions News briefs from 5/28/21
Shopify Inc.’s 1.7 million-plus merchants will have access to Google Cloud technology in more regions under a new agreement.Buy now, pay later provider Klarna Bank AB said its U.S. user base more than doubled in April year-over-year, to 17 million. The user base worldwide totals 90 million.The big France-based processor Worldline S.A. has agreed to …
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27 May
COMMENTARY: Money Transfers: A Lifeline for Families Impacted by the Pandemic
At the height of the pandemic last spring, the World Bank projected that 2020 remittances to low- and middle-income countries would decline by 20% year-over-year—nearly $445 billion—because of lower wages and growing unemployment among migrant workers. And in the process, there would be yet another casualty of Covid-19 as the …
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27 May
Bill-Payment Network Doxo Debuts a Service Aimed at Bypassing Fees for Consumers
Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees. The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …
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27 May
As Consumers Crowd Into E-Commerce, Square Looks to Ease Seller Listings on Google
With merchants of all sizes looking to get in on the rush to e-commerce triggered by the Covid-19 pandemic, Square Inc. announced Thursday morning a service that lets sellers set up a product listing on Google. The new program, aimed at merchants using Square for Retail, aims at simplifying online …
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27 May
SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21
SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
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26 May
As Consumers Revisit Stores, J.P. Morgan Teams Up With ACI to Expand in Europe And the U.K.
With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …
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26 May
Fortis Acquires EpicPay And Change Merchant Solutions to Add Integrated Payments Swagger
Fortis Payment Systems LLC is the latest acquirer to build up its integrated payments position, announcing Wednesday the acquisitions of EpicPay International LLC and Change Merchant Solutions LLC. The two deals will boost Fortis’s options for independent software vendors and developers, the company says. “Technology partners will be able to …
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26 May
Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21
Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …