Monday , December 6, 2021

EVO Revenue up 15.4% and other Digital Transactions News briefs from 11/3/21

  • Payments provider EVO Payments Inc. reported third-quarter revenue of $135 million, a 15.4% increase from the same quarter in 2020. Fifty-nine percent, or $79.4 million, of its revenue came from the Americas and the remainder, $55.6 million, from EVO’s European business. Net income of $7.1 million for the quarter was down 51.4% from $14.6 million.
  • In related news, EVO appointed Nikki Harland to its board effective March 1, 2022. Harland is the chief operating officer for Paradies Lagardere.
  • Payments provider Gr4vy launched its Magento extension that enables merchants using the e-commerce platform to build custom payment workflows from within Magento.
  • Paysafe Ltd. announced it has migrated its two digital wallets, Skrill and Neteller, to the cloud through an agreement with Amazon Web Services. The move is part of a multi-year agreement with AWS to support Paysafe’s cloud initiative.
  • Equipifi Inc., a startup that supports buy now, pay later capability for banks and credit unions, launched with a $3-million seed-funding round led by New Stack Ventures.
  • Payments provider BlueSnap Inc. has partnered with accounts-receivable automation vendor Gaviti to offer global payment processing to Gaviti clients.
  • U.S. credit card originations have more than doubled since their low point a year ago, to a record 19.3 million in the second quarter, according to data from credit-reporting agency TransUnion.
  • IDEX Biometrics ASA said its TrustedBio fingerprint authentication product used with biometric payment cards received certification from Visa Inc.
  • Mercator Advisory Group released its “18th annual U.S. Open-Loop Prepaid Cards Market Forecasts, 2020-2025” report.
  • Payments platform dLocal Ltd. launched an auto-debit payment service for local and international subscription businesses in India in compliance with new rules from the Reserve Bank of India.

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