Sightline’s Recap Move and other Digital Transactions News briefs from 2/26/25
Digital Transactions News staff
February 26, 2025
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
- Sightline Payments, a specialist in payments for the gaming industry, announced it has completed a recapitalization, with participation from “most” existing major investors. The 15-year-old company estimates the U.S. digital gaming industry at $30 billion in annual revenue.
- Generation Z is overwhelmingly adopting digital-payment methods, with 92% using peer-to-peer payment services and 91% using mobile wallets, according to the “2025 Gen Z and Digital Payments” study from Billtrust, which in January surveyed 1,000 U.S. persons ages 18 to 27. The proportion using buy now, pay later services has grown to 46% from 26% in one year, while “traditional payment methods face extinction,” the report says.
- Orum said its Delver API service, working with Visa Direct, now offers to U.S. clients real-time funds transfers to and from bank accounts via debit card.
- President Donald Trump does not intend to shut down the Consumer Financial Protection Bureau, while the government instead says a “more streamlined agency” will need less office space, according to reporting by Reuters.
- Payfinia, a payment-service provider, is working with Metallicus, which develops blockchain technology for financial institutions, to develop for credit unions what the companies call “a framework for offering embedded instant-payment capabilities coupled with cryptocurrency services.”
- Swirepay, a payments provider based on artificial-intelligence technology, said it has closed on a $3.4-million second round of seed funding, bringing its total funding raised so far to $5 million.
- The big France-based international processor Worldline reported its revenue grew 0.5% in 2024, to 4.63 billion euros, or $4.86 billion.
- Fleet payments provider Coast said its agreement with Circle K sees the convenience-store chain offering a fuel rebate of 7 cents per gallon at participating U.S. locations.
- Highlight Homes LLC said it is now accepting digital currency for vacation-home rentals in Virginia.
- Dwolla Inc. has appointed Daniel Quezada chief financial officer. Quezada comes to the payments platform from 8base, where he also served as CFO.
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