Wednesday , June 12, 2024

Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21

  • Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.
  •, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive fiat. Both tenant and landlord must be on the platform, and charges landlords a 0.5% processing fee.
  • Almost one-third of U.S. cardholders—some 62 million—said their issuer had cut their credit limit or closed their card during the first five months of the year, according to a survey by online financial marketplace LendingTree, though reduced limits are more common than outright closures.
  • Paysend Group, a specialist in card-to-card payments, announced it has closed on a Series B funding round led by One Peak and totaling $125 million.
  • Australia-based buy now, pay later provider Afterpay Ltd. has selected San Francisco as its U.S. headquarters.
  • First American Payment Systems L.P. said it will provide integrated payments services to ReadyFore Software, a division of RentMy, which develops clubhouse point-of-sale and rental management software.
  • Commerce platform PredictSpring Inc. said it has expanded a relationship with payments provider Adyen NV to allow PredictSpring merchants to connect to additional card networks and payment methods.
  • Noble Inc., a provider of online-ordering capability for entertainment venues, said it is working with Square Inc. to process payments for food and drinks at live events.
  • Some 37.4 million health-care claim payments were made to providers through the automated clearing house network in March, a record for a single month and up 19.3% over the volume in March 2020, according to Nacha, the governing body for the ACH. Dollar volume totaled $171.3 billion, up 13%.
  • Payments provider Gr4vy named Zubin Vandrevala first vice president of partnerships, sales, and business development. He had been head of payment partnerships at Google and prior that he worked at Visa Inc.

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