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- Payments provider Deluxe Corp. reported its first-quarter revenue dipped nearly 2% year-over-year to $545.4 million. Net income swooned from $9.7 million to $2.8 million owing to higher interest expense and a higher income-tax rate, according to the company. Revenue in its payments division, its second-largest unit after checks, rose 3.5% to $172 million. Revenue for checks dropped 4.5% to $178.7 million.
- Payments provider ACI Worldwide Inc. swung to a loss of $32 million in the first quarter from a net profit of $15.5 million in the same period last year. Revenue dropped 10% to $289 million overall as merchant revenue declined 12% and bank revenue fell 24%. The company said it is in “the final stages of the selection process” in its search for a new chief executive. The company fired CEO Adilon Almeida in November.
- Payments provider Usio Inc. posted first-quarter revenue of $21.4 million, an 18.2% increase from $18.1 million in the 2022 first quarter. Its profit of $14,833 reversed a $1.6 million loss in the year-ago quarter. Prepaid revenues led the results with a 74% increase over the year-ago figures, Usio said.
- C-StorePOS debuted a cloud-based point-of-sale platform designed for convenience stores, corner stores, and bodegas.
- Equifax launched Kount Essentials, a fraud detection and prevention service on the Shopify App Store. The app includes plug-and-play installation and onboarding, in-app decisions, and immediate access to the tool.
- Gateway Funnel Pros, a payments provider specializing in online businesses, said it is working to support payment gateways from NMI for businesses using CartHero, a provider of e-commerce technology.
- Payroll technology provider Everee said it joined Visa Inc.’s Fintech Fast Track program with the introduction of the Everee Visa Pay Card. The card enables employers to offer employees instant access to their earnings.
- Unattended payments specialist Cantaloupe Inc. said its Seed software platform will be extended in Europe via a collaboration with HGM Dryckservice AB, a Sweden-based vending provider.
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