Saturday , July 13, 2024

Nuvei Advances Corporate Change and other Digital Transactions News briefs from 6/19/24

  • Shareholders in Nuvei Corp. approved the processor’s previously announced agreement to be acquired by Advent International LP for $34 per share in a move that will take the big processor private.
  • The Financial Times reported that regulators in the European Union have accepted concessions from Apple Inc. that will allow competing payment platforms to access the iPhone’s contactless chip. The European Commission had charged in 2022 that Apple’s exclusion of competing platforms broke competition law.
  • The social-media platform X  is planning to add a payments capability, according to documents the company has submitted to state regulators, Bloomberg has reported. Elon Musk, the owner of X (formerly Twitter), was a founder of a payments service that became part of PayPal more than two decades ago.
  • Yardi Systems Inc., a developer of real-estate software for rent payments and other applications, released new features that the company says help new residents get through the move-in process.
  • Payments platform FreedomPay Inc. announced it has developed Donation on Device, which allows customers to make charitable contributions on point-of-sale terminals while checking out. The first organization to participate is the Cancer Support Community.
  • RevoluGroup Canada Inc., the company behind the mobile-payment app RevoluPay, said board chairman Bernard Lonis has stepped down for health reasons. The company has started a process to determine a successor to Lonis.
  • Weave Communications Inc., a healthcare practice service provider named Greg Leos general manager of payments. Leos most recently was chief revenue officer at VikingCloud, a cybersecurity and payments compliance firm.

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