The Mexico-based payments company Clip announced the launch of its latest point-of-sale terminal, the Clip Total 3. And technology provider SeoSamba launched Point-of-Sale, an app that incorporates programming from Stripe Inc. and enables iOS and Android tap-to-pay transactions on smart phones or tablets with wireless links to printers and card …
Read More »
Embedded payments have moved decisively beyond their early role as a bolt-on feature for software platforms and are now foundational to how merchants operate, according to panelists who spoke Thursday at the Northeast Acquirers Association conference in Boston. Once viewed as optional, embedded payments are increasingly expected to function as …
Read More »
Installment-payment platform Affirm Holdings Inc. said it will provide financing to customers of Virgin Media O2, a United Kingdom-based vender of mobile devices. In related news, Affirm said it has expanded its agreement with online merchant Wayfair to offer installment payments to consumers in Canada and the United Kingdom on top of the current …
Read More »
Lightspeed Commerce Inc. early Thursday reported revenue of $312.3 million for its December quarter, an 11% rise from the same period last year, though its net loss widened to $33.6 million from $26.6 million a year ago. The Montreal-based processor, which counts among its markets the highly competitive restaurant sector, …
Read More »
Nacha, the rules-setting organization for the automated clearing house network, early Thursday announced its Phixius peer-to-peer payment data network has integrated with Kinexys Liink, a data-sharing network from J.P. Morgan Chase. The significance of the integration lies in its ability to generate account validation from multiple responders for ACH transactions, …
Read More »
Payments platform Corpay Inc. said its revenue rose 21% year-over-year in the December quarter to $1.25 billion. Net income totaled $264.5 million, up 8%. Transactions in vehicle payments, the company’s largest business, came to 221.9 million, up 7%. Nacha, the regulatory body for the automated clearing house network, announced participants have been elected …
Read More »
Technology from Stripe Inc. will support transactions for PhotonPay, a Hong Kong-based fintech processing online payments for more than 200,000 businesses globally. According to PhotonPay’s announcement, released early Wednesday, the addition of Stripe’s technology will widen its offering of payment methods as well as reinforce uptime, though the company did …
Read More »
UpdatePromise, a software provider to automobile dealerships, said Tuesday it has agreed to integrate PayPal and Venmo to offer expanded payments capabilities in the service lane. The move comes as payments technology takes on increasing importance at dealerships looking to avoid snarled transactions while working out details with customers, the …
Read More »
Bolt Financial Inc., whose app offers checkout, identity, and payments capabilities, announced it is adding embedded investing capability through a deal with Atomic, an investing-as-a-service platform. Corpay Inc. said it will sell its PayByPhone mobile parking payments platform to Lightyear Capital in a deal expected to close in the second quarter. …
Read More »
PayPal Holdings Inc. early Tuesday announced it has appointed board chairman Enrique Lores president and chief executive, replacing Alex Chriss. Lores moves into his new position after more than six years as CEO at HP Inc. The company also reported December-quarter results in the face of a steep drop in …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
