Transaction Processing

Payments provider Electronic Merchant Systems acquired Paysley, an omnichannel payment platform. Terms were not disclosed. EMS also recently invested in Payment Nerds and Pet Payments, and acquired Peel Payments in April. Processor FIS Inc. reported June-quarter revenue of $2.6 billion, up 5% from the same period last year. The company’s banking solutions unit took in $1.8 billion, up …

CDK Global LLC, a provider of cloud-based software for auto dealerships and original equipment manufacturers, has launched SimplePay, a cloud-based payments solution for auto dealers. Austin, Texas-based CDK developed SimplePay to help dealers streamline payments throughout their dealerships, such as service, parts, and accessories purchases through a single platform. The …

Having fought back from the ravages of the pandemic, quick-service restaurants now represent a large and fast-growing market for providers of point-of-sale technology—but also one presenting new and vexing challenges, according to top payments executives who specialize in this industry. For fast-food or fast-casual restaurants, “building a point of sale …

Revenue from its stablecoin offerings grew smartly in the second quarter for cryptocurrency platform provider Coinbase Global Inc. against a backdrop of a tough digital currency market. New York City-based Coinbase reported Thursday that it posted $332.5 million in stablecoin revenue, up 38% from $240.4 million in the year-earlier quarter. …

Major League Soccer franchise Orlando City SC has partnered with Ordr Technologies, an AI-powered payments platform for enterprise venues, stadiums, and teams, to process transactions at Inter&Co Stadium, the team’s home field. Salt Lake City, Utah-based Ordr will provide high-speed transaction processing with real-time analytics that will give Orlando City …

Payments platform Blackhawk Network Inc. is working with Fold Holdings Inc., a financial-services company specializing in Bitcoin, to widen distribution of the Fold Bitcoin Gift Card, launched in May. More online merchants are expected to begin offering the card in coming weeks, the parties say. Worldwide Stablecoin Payment Network (WSPN) has launched Global …

Acquisitive merchant acquirer Payroc WorldAccess LLC has struck its latest deal, this time with a definitive agreement, announced Thursday, to acquire card-not-present payment processor BlueSnap Inc., which has seven offices around the globe. Financial terms of the deal were not disclosed. Payroc, based in the Chicago suburb of Tinley Park, …

Toast Inc. early Thursday unveiled Toast Go 3, the latest version of its handheld point-of-sale terminal for restaurants. Toast Go 3 offers cellular connectivity, as opposed to Wi-Fi only, and includes ToastIQ, an intelligence engine intended to offer personalized recommendations. The addition of cellular connectivity will enable staff to use …

The processor Nuvei said it has expanded its global clearing and settlement services into the U.S. and Canadian markets. Mastercard Inc. reported second-quarter net revenue of $8.1 billion, up 17%, with net income of $3.7 billion, a 14% rise. Lightspeed Commerce Inc. reported June-quarter revenue of $304.9 million, up 15% from the same period …

With consumer spending remaining resilient, stablecoins and remittances represent future growth opportunities, Visa Inc. chief executive Ryan McInerney told equity analysts during the network’s 2025 fiscal third-quarter earnings call late Tuesday. On the stablecoin front, McInerney said Visa is supportive of the recently passed GENIUS Act, which provides a regulatory …