Digital Transactions Authoritative, insightful and timely information for payments professionals
Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …
November, 2021
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9 November
The POS Terminal Backlog Is Opening the Door to Merchant Adoption of Tap-to-Mobile Tech
The continuing shortage of semiconductor chips is creating an opportunity for merchants and consumers to embrace tap-to-mobile payments, according to a study from payments processor NMI. The survey, which polled merchants and consumers in the United States and the United Kingdom, revealed that 95% of merchants said they would consider …
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9 November
Nuvei Revenue up 96% and other Digital Transactions News briefs from 11/9/21
Processor Nuvei Corp. announced it handled $21.6 billion in volume in the third quarter, up 88% year-over-year, with e-commerce accounting for 83% of that total. Revenue grew 96% to $183.9 million. Nuvei completed its initial public offering last month and trades on the Nasdaq.Global business-to-business and business-to-consumer e-commerce volume will hit $6 trillion next year, …
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8 November
PayPal Announces a Venmo Deal With Amazon And a Promising Launch for Its ‘Super App’
PayPal Holdings Inc. announced late Monday U.S. users of its Venmo wallet will be able to use Venmo on Amazon.com Inc.’s massive marketplace and on the Amazon shopping app in the U.S. market, starting in 2022. The news comes as the latest development in a long effort PayPal has engaged …
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8 November
Tipalti Launches a Prepaid Debit Card to Help Facilitate Payroll for the Unbanked
Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …
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8 November
Visa And Daimler Plan to Bring Strong Authentication Natively to the Dashboard
Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …
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8 November
U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21
U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …
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5 November
A Diverse Array of Payment Methods, Plus M&A, Help Vault Paya to a 28% Jump in Volume
Hyper growth in e-commerce has lifted many processors over the past 18 months, but some are also benefiting from a diverse array of payment methods and clients. This group includes Paya Holdings Inc., which Friday morning reported a nearly 28% year-over-year increase in payment volume for its third quarter ended …
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5 November
Tidal Commerce To Acquire Merchant Bancard Processing and other Digital Transactions News briefs from 11/5/21
Payments company Tidal Commerce said it will acquire Merchant Bancard Processing, a merchant-services company. Terms were not disclosed.Gift card and loyalty provider Factor4 LLC announced an integration with Valor Paytech, a gateway and point-of-sale terminal provider.BNPL provider Zip Co. Ltd. found in its “Holidays Unzipped: 20201 Holiday Spending Report” that nearly 51% of U.S. consumers intend …
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4 November
An Ambitious Square Sets Priorities to Reach Bigger Merchants And Expand Cash App’s User Base
In the face of an ongoing pandemic, Square Inc. late Thursday reported a record quarter for gross processing volume and made it plain its strategic priorities are to move upmarket to larger merchants and to expand the user base for its consumer product, Cash App. Recent moves include Square Invoices …