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- Lightspeed Commerce Inc. announced it is supplying payments capability for the Myrtle Beach Area Golf Course Owners Association in South Carolina, which includes more than 70 golf courses.
- The Western Union Co. resumed service between the United States and Cuba after technical issues in January disrupted it.
- Payments provider Priority Technology Holdings Inc. reported $205.7 million in first quarter revenue, up 11.2% from $185 million in the 2023 first quarter. Its quarterly profit of $5.2 million reversed a $506,000 loss a year ago.
- Point-of-sale technology provider PAR Technology Corp. posted $105.5 million in first quarter revenue, a 5.1% increase from $100.4 million in year-ago quarter. Its quarterly loss widened to $18.3 million from $15.9 million.
- Point-of-sale and digital-commerce technology provider NCR Voyix Corp. reported $862 million in first-quarter revenue, down 5.9% from $916 million in the 2023 first quarter. It posted a loss of $41 million compared with a $7 million profit a year ago.
- The Electronic Payments Coalition, which represents electronic payments backers, released a report that claimed lower-income consumers use reward credit cards and could be affected if the Credit Card Competition Act, which aims to introduce routing choice for credit card transactions, should be approved. Currently, the bill sits in Congress with no notable action. U.S. Senator Roger Marshall (R-Kan.), CCCA cosponsor with Sen. Richard Durbin (D-Ill.), reiterated his support for the measure despite it being blocked for the past two years, declaring it “…good for small businesses, it’s good for hardworking Americans.”
- The Consumer Financial Protection Bureau issued a report detailing problems consumers have with credit card rewards programs, including vague or hidden conditions for redemption, devaluing of rewards, and revocation of previously earned rewards, it said.
- Payments-technology provider Corpay has agreed to acquire Paymerang, a payments-automation platform, from Aldrich Capital Partners. The transaction is expected to close by the end of June. Terms were not disclosed.
- Discover Global Network will issue the virtual PhotonPay Commercial Card for the global payments platform PhotonPay, with acceptance in more than 200 countries.
- BlueSnap Inc. named Brian Greenfield chief financial officer. Greenfield comes to the payments company from ArborKnot, a financial services firm he cofounded.
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