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- Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.
- Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., which follows a $6-million seed round led by payment and fintech entrepreneurs.
- Payments provider Flywire Corp. closed its initial public offering at a price of $24 per share with an offering of just over 12 million shares. Trading on the Nasdaq commenced May 26.
- Ackroo Inc., a loyalty, payments, and point-of-sale technology provider, said its Ackroo Canada Inc. unit has closed on its acquisition of Interactive DMS. Terms included $600,000 at closing, with a further $300,000 due on or before Aug. 31.
- Payments-technology provider Computer Services Inc. said it will participate in the Federal Reserve’s pilot for its FedNow real-time payment service.
- Blockchain-payments technology provider Circle Internet Financial Inc. said it raised $440 million in financing from institutional and strategic investors.
- Cryptocurrency wallet Coinbase said its Coinbase Card can now be used in Apple Pay and Google Pay mobile payment apps, though it is only enabling consumers on a waitlist for access with the card.
- Alliance Data Systems Corp., which offers private-label card programs and the Bread digital-payments service, announced Karin Kimbrough has been elected to its board of directors. Kimbrough is chief economist at LinkedIn Corp.
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