Digital Transactions Authoritative, insightful and timely information for payments professionals
- Repay Holdings Corp. said it has agreed to pay approximately $372 million to acquire Kubra Data Transfer LTD., a provider of bill-payment technology with more than 250 clients. The payment will be financed with cash on hand and debt financing, Repay said.
- Payway Inc., a developer of payment software, said its API now allows merchants to accept PayPal without a separate system or workflow.
- American Express Co. has been named the Official Payments Partner of the National Football League, starting with the 2026 season.
- Amazon.com Inc. said it will launch this spring a new Prime Business Card and a new Amazon Business Card, aimed at small businesses and branded by Mastercard. The issuer will be U.S. Bank.
- Nacha’s Phixius peer-to-peer payment-information system said Advanced Fraud Solutions is live on the network as a data responder, making it the fourth data responder to join the network to support account validation.
- The payments provider Lightspeed Commerce Inc. said it has integrated with Faire, a business-to-business wholesale marketplace. The integration offers merchants access to more than 100,000 additional Faire brands that work with Lightspeed Retail, Lightspeed says.
- Oracle Corp. unveiled Oracle NetSuite Restaurant Operations, aimed at simplifying back-office functions for restaurants, including payments processing, while supporting 190 currencies in 110 countries. The product is expected to be available within the coming 12 months.
- The card-issuing platform Marqeta Inc. unveiled an enhanced real-time decisioning service featuring an AI-based risk score to determine transaction risk at the time of the authorization decision.
- OpenFX, a cross-border payments startup, raised $94 million in a Series A round from Accel, Atomico, Lightspeed Faction, M3, Northzone, and Pantera. Founded in 2024, the company has seen its annualized volume grow from $4 billion to more than $45 billion.
- The payments-based credit union service organization Velera has renewed a multi-year agreement with CPI Card Group Inc., a provider of payment cards and other payment services. Formerly PSCU/Co-op Solutions, the company changed its name to Velera in May 2024.
Related Articles
Check Also
Zelle Renews Its Outreach to Minority Deposit Institutions
Zelle, the peer-to-peer payment service from Early Warning Services LLC, is renewing its effort to …