Wednesday , April 24, 2024

Celero Commerce’s Two Acquisitions and other Digital Transactions News briefs from 6/18/19

  • Celero Commerce announced two acquisitions, those of Elmhurst Financial Services and Tandem Innovative Payment Solutions. Following the deals—financial terms were not disclosed for either—Celero will have approximately 25,000 merchants and process approximately $10 billion in annual payment volume.
  • Payment Alliance International said it acquired ISA-ECash, an ATM operator and developer of its ATM Manager Pro software. Terms were not disclosed.
  • Payments provider Payrailz said it will enable its client banks and credit unions to use the Real Time Payments platform from The Clearing House Payments Co. LLC.
  • Financial-services provider Finastra said Berkshire Bank, a Northeast U.S. bank, will use its Fusion Global PAYPlus real-time payment service.
  • Fiserv Inc. said FlexWage Solutions is using the company’s Digital Disbursement service to enable consumers to send their pay directly to their bank accounts.
  • PAX Technology Inc. and First American Payment Systems LP said they are working on new point-of-sale devices that will be compliant with future PCI Security Standards Council specifications.
  • Parking-payments provider PayByPhone said FNP Parking, which has multiple off-street lots in Winnipeg, Manitoba, now works with PayByPhone.
  • Retailer Neiman Marcus Group accepts Alipay mobile payments at more than 60 store locations, announced Alipay, a unit of Ant Financial Services Group.

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