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- Bill-payment technology provider Repay Holdings Corp. said its board has unanimously rejected a revised, unsolicited offer from Forager Capital Management LLC to acquire the company with a $5.25-per-share cash offer, arguing the bid undervalues the company. In related news, Repay has appointed Zachary F. Sadek to its board of directors. Sadek is a senior partner at Parthenon Capital Partners, affiliated with PCP Managers L.P., one of Repay’s largest stockholders. The move expands the board from six to seven directors.
- uy now, pay later specialist Klarna AB said its payment method is available to users of Curve Dental, a dental practice management software application.
- PayPal Holdings Inc. said its Pay in 30 days is now available to United Kingdom consumers.
- Visa Inc. released its AI Financial Assistant for financial institutions to make available in their apps to help customers better understand their financial data.
- More than 100 credit unions using payments provider Member Access Processing are expected to gain access to embedded instant-payments technology through MAP’s partnership with Payfinia, a credit union service organization.
- Cryptocurrency exchange Binance reached its ninth anniversary with 323 million users globally, or approximately 43% of all cryptocurrency holders, according to the exchange.
- Pliant, a business-to-business card issuer and payments-technology provider headquartered in Berlin, announced it is launching in the U.S. market in a partnership with Coastal Financial Corp., a banking-technology platform based in the state of Washington.
- Payments provider Bread Financial Holdings Inc. announced executive vice president Valerie Greer is retiring from the company. It further announced it has appointed Dennis McCarthy executive vice president and chief revenue officer, effective in September. McCarthy has been with Bread since 2021, most recently serving as senior vice president and chief revenue officer.
- Payments processor Nayax Ltd. announced its review of a suspected data-security incident disclosed earlier this month indicates customer funds are safe and no unauthorized access to the accounts occurred.
- Point-of-sale system provider Toast Inc. released its June Menu Price Monitor that found the median price of a cup of cold brew coffee was $5.62 in June, up 3.7% year-over-year.
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