Point-of-sale

November, 2022

• 3 November

  Bakkt To Acquire Apex for $200 Million and other Digital Transactions News briefs from 11/3/22

  

  Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …
• 3 November

  Eye on Earnings: FIS Faces an ‘Uncertain Environment’ While EVO Looks to a Merger With Global Payments

  

  Two of the more significant merchant-processing operators reported quarterly results Thursday morning, with FIS Inc. indicating its merchant solutions unit recorded $1.18 billion in revenue in the period ended Sept. 30, up 4% year-over-year. Meanwhile, the large payments provider EVO Payments Inc. said its revenue for the same period totaled …
• 2 November

  Eye on Blockchain: Circle Financial And Paxos Gain a Foothold in Singapore

  

  Two U.S.-based fintechs focused on blockchain payments technology have expanded their footprint into Singapore, giving both companies a jumping-off point for expanding their respective businesses in Asia. Circle Internet Financial LLC, a Boston-based company specializing in commercial blockchain and crypto applications, has received provisional approval from the Monetary Authority of …
• 2 November

  If More States Allow Digital IDs, More Mobile Payments Could Follow

  

  A nascent movement among states to allow citizens to store a driver’s license or other state ID card in a mobile app could give mobile payments a lift, according to research released early Wednesday. Arizona in March was the first state to allow its citizens the option of storing a …
• 2 November

  Orum Makes MX Tie-in And Other Digital Transactions News briefs from 11/2/22

  

  The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …
• 1 November

  Amazon Launches Cash Advances And Other Digital Transactions News briefs from 11/1/22

  

  Amazon.com Inc. has launched a merchant cash advance service. The financing option, a white-label service of capital provider Parafin Inc., ties the cash advance to a portion of the merchant’s future sales for a fixed fee. It rolls out for some U.S.-based businesses Tuesday and should be available to many more …

October, 2022

• 31 October

  Fiserv’s Carat Tech Will Fuel Payments for Sunoco Dealers

  

  Fiserv Inc. has struck a deal with petroleum company Sunoco LP to implement its Carat commerce platform across more than 5,500 service stations. The deal will enable Sunoco dealers to streamline payments by connecting in-store, in-app, at the pump, and in-car payments through the Carat platform. Sunoco dealers will also …
• 31 October

  Global Payments’ $2.29 Billion Quarter And Other Digital Transactions News briefs from 10/31/22

  

  Payments processor Global Payments Inc. reported revenue of $2.29 billion for the September quarter, up 3.8% year-over-year. Revenue for the first nine months of the year totaled $6.72 billion, up 6.2%. Global Payments expects to close on its $4 billion acquisition of EVO Payments Inc., announced in August, in the first quarter of …
• 28 October

  Meta Pay Widens Its Merchant Reach Through a Deal With Chase Payments

  

  Meta Pay, the mobile wallet from Meta Platforms Inc., has reached an agreement with JP Morgan Chase Payments to make the payment option available to Chase merchants on their e-commerce site or mobile app. The announcement was made earlier in the week on Twitter by Stephane Kasriel. the head of …
• 28 October

  Boost Mobile’s OmniMoney And Other Digital Transactions News briefs from 10/28/22

  

  Wireless carrier Boost Mobile launched OmniMoney, a no-fee checking account featuring a debit card and money transfer via mobile app.Online merchant and payments provider Amazon.com Inc. reported North America net sales of $78.8 billion for the quarter ended Sept. 30, up 20% year-over-year. International sales, however, dipped 5% to $27.7 billion, largely due to …