Saturday , May 21, 2022

Shift4 Denies EVO Rumors and other Digital Transactions News briefs from 11/18/21

  • Shift4 Payments Inc. denied what it called “media reports” that it is pursuing an acquisition of EVO Payments Inc. Shift4 is “focused on supporting … new growth verticals” instead, the company said.
  • Microsoft Corp. is testing buy now, pay later capability in its Edge browser. In conjunction with Zip Co. Ltd., the BNPL service is at the browser level, meaning any purchase made through the Edge browser can be split into installment payments. The capability is expected to be available in a future general release of the browser.
  • Cloud-based point-of-sale system maker Revel Systems Inc. said Lou Malnati’s Pizzeria chain will adopt its Revel Enterprise system. Lou Malnati’s has 72 locations, according to its Web site.
  • Payments provider i3 Verticals Inc. reported revenue for the quarter ended Sept. 30 of $67.2 million, up 76% year-over-year. Revenue for the full year ended Sept. 30 came to $224.1 million, a 49% rise over the prior year. Payment volume for the year came to $18.8 billion.
  • Mastercard Inc. closed on its acquisition of Aiia, a Europe-based open-banking provider. Aiia claims application programming interface links to more than 2,700 banks throughout Europe. Terms of the deal, which was announced in early September, were not disclosed.
  • Tassat Group Inc. said it has received a record number of inquiries from banks regarding TassatPay, the company’s stablecoin platform, which is aimed at enabling financial institutions to issue digital currency whose value is tied to the U.S. dollar.
  • A startup called Crunchfish AB applied for a patent for digital cash in online usage with commercial e-wallets and improved onboarding for central bank digital currencies.
  • MoneyGram International Inc. announced an integration with bKash, a mobile financial-services provider in Bangladesh, to allow some 55 million wallet users in that country to receive money instantly from around in the world.

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