Crypto Platform Bakkt Reports 38% Revenue Jump and other Digital Transactions News briefs from 11/12/21

Cryptocurrency platform Bakkt Holdings Inc. reported $9.1 million in revenue for the quarter ended Sept. 30, up 38% year-over-year. The company’s net loss expanded 61% to $28.8 million. Bakkt has recently formed partnerships with Mastercard Inc. to allow banks to issue crypto-linked credit and debit cards and with Fiserv Inc. for a future integration of Bakkt into Fiserv’s Carat point-of-sale payments system.
The top gift preferred by employees from their bosses for the upcoming holiday season is a gift card, designated by 65%, according to research sponsored by Blackhawk Network Holdings Inc. that canvassed 2,000 persons in the United States.
The Zelle peer-to-peer payments network is collaborating with the Detroit Pistons of the National Basketball Association to launch a series of videos showing the experiences of Pistons players with money management and digital banking.
Construction-industry payments platform Flexbase launched Flexbase Card, which it says is the first credit card aimed specifically at small and mid-size builders.
Transact, a provider of payments and credentials technology for colleges, named Rasheed Behrooznia vice president for campus ID solutions. Before joining the company last year, Behrooznia was with Cubic Transportation Systems, a vendor of payments technology for rapid-transit companies.

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