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- Buy now, pay later provider Splitit Payments Ltd. announced new merchants Giant Bicycles, Super73, Mate Bike, Michael’s Jewelry and others now offer the installment payment service. Spliltit also reiterated that its service can be used with credit cards.
- Boutique marketplace Jane has integrated Klarna for buy now, pay later transactions.
- Fintech Rapyd said it is waiving up to $5 million in payment processing fees for 20 companies that relocate to Miami or already are based there. Rapyd’s program, called $100 Million Miami Tech Power Initiative, launched in the South Florida city first with plans to expand it to emerging technology centers across the country.
- Echo Health Inc., a payments provider to the health-care industry, has linked with Sapiens International Corp., a vendor of insurance software, to provide digital-payment technology to insurance carriers through a single portal.
- Global Payments Inc. said its TSYS unit will provide processing for UMB Bank’s consumer and commercial credit, debit, and health-care card portfolios under a new multiyear agreement.
- Payments provider Paysafe Ltd. announced an 11-member board of directors, with Bill Foley as chairman. The board includes five persons from the former board, including chief executive Philip McHugh. The $9-billion acquisition of Paysafe by Foley Trasimene Acquisition Corp. II, announced in December, is expected to close shortly after a March 25 special meeting of Foley Trasimene stockholders.
- Payments provider Fattmerchant Inc. announced it has invested in Fusebill Inc., a cloud-based subscription billing and payments platform. Terms were not announced.
- PAX Technology Inc. released its IM10 unattended payment device, which has a QR-code scanner and an integrated near-field communication contactless reader.
- MoneyGram International Inc. said its money-transfer service will be available on Pay+, a mobile wallet available in the Middle East.
- A report from GigaPoints, a credit card comparison platform, reveals that while most credit card users agree that rewards are a powerful incentive for spending, many GenZ adults and millennials struggle to understand which rewards are the best incentive for them.
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