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NCR’s New Names And Other Digital Transactions News briefs from 7/25/23

  • NCR Corp. announced names for its two major business units once the company spins off its ATM operations, with both retaining the NCR moniker. The digital-commerce business will be called NCR Voyix, while the ATM operations will be named NCR Atleos.
  • FIS Inc.’s Worldpay processing unit launched Revenue Boost, a service based on machine learning and aimed at letting merchants manage more transactions at lower cost and risk. FIS earlier this month agreed to sell a 55% stake in Worldpay to private-equity firm GTCR in a deal expected to close by the end of the first quarter next year.
  • Payments provider Repay Holdings Corp. agreed to provide processing for companies using Zappix, a digital customer-service platform.
  • PayPal Holdings Inc. announced its second Venmo Small Business Grant program, consisting of $10,000 to each of 20 small businesses. Applications are due Aug. 7, with recipients to be announced in September.
  • Banking network provider Finsync Inc. launched a free network connecting banks and businesses to link bank and credit cards accounts and speed transactions between businesses and vendors.
  • News sources are reporting a hack of Alphapo, a cryptocurrency-payments platform, that has resulted in a loss of millions of dollars in digital assets.
  • The global market for payment-processing software will grow from $103.2 billion this year to $160 billion by 2028, a compound annual growth rate of 9.2%, according to a forecast from MarketsandMarkets.
  • The Twitter social-media platform has been applying for state money-transmitter licenses, reportedly as part of an effort to introduce payments services and replace the longstanding Twitter brand with “X.”

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