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- Payments platform Repay Holdings Corp. reported it has received a revised, unsolicited and non-binding offer from Forager Capital Management LLC to acquire the company’s outstanding shares at $5.25 per share, in cash. Repay says its board is reviewing the offer. The proposal follows an offer in April from Forager at $4.80 per share. Founded in 2006, Repay went public in 2019.
- A survey from Citizens Bank found that among corporate treasurers 97% use RTP from The Clearing House Payments Co. LLC for instant payments and 61% use FedNow, the real-time payment service from the Federal Reserve. Citizens surveyed more than 300 executives at midsize companies.
- Installment-payments platform Zip Co Ltd. said it will work with Rally House, a sports retailer, to offer Rally’s customers installment-payment options online and in-store. Rally maintains more than 300 stores in 28 states.
- Some 74.4% of merchants report so-called friendly fraud as a “moderate or significant concern,” according to the 2026 Chargeback Field Report from Chargebacks911, which fielded data from more than 250 merchants of varying size.
- Mastercard Inc. announced the launch of its Africa Cybersecurity Center of Excellence, focused on fraud prevention and with a phased rollout starting this year in South Africa and Nigeria.
- Management and technology consultancy Capco released a report that found U.S. consumers are most concerned about card and card data theft, cited by 46%, followed by identity theft, 44%, purchases they did not make, 40%, and account takeovers, 35%. Capco surveyed 1,000 consumers between 18 and 75 years old.
- Zelle’s “Avoidance Economy Report” found that 76% of Gen Z consumers have fronted money for a group expense and said they were not fully repaid. Zelle is a peer-to-peer payment service. Zelle, which is owned by Early Warning Services LLC, conducted two surveys of 1,000 consumers each.
- PayNearMe Inc. said research in its new “Payment Experience Gap” report found that the typical total cost of payment acceptance for a bill-pay organization is $7.22 when adding costs affiliated with customer experience, support, and operations beyond the $1.20 in transaction fees.
- Lightspeed Commerce Inc. said it has integrated customer relationship management app Klaviyo and made it available to merchants using its Lightspeed Retail point-of-sale service.
- EV charging company Xeal, which operates in more than 500 U.S. cities, said it is expanding to Canada. The company offers a tap-to-charge capability on drivers’ mobile phones for payment.
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