Digital Transactions Authoritative, insightful and timely information for payments professionals
- Toast Inc. launched its Menu Price Monitor, which tracks U.S. restaurant pricing trends. The company claims a client base of more than 140,000 restaurant locations.
- LegitScript said it is launching a benchmarking program to allow e-commerce clients using its marketplace to measure risk in various categories.
- Payouts platform Onbe announced it has expanded its Send to Wallet service by adding support for recipients looking to provision a Google or Samsung mobile wallet with a single click. The service is available in the United Kingdom and Europe.
- E-commerce platform provider WooCommerce named Square as its preferred point-of-sale solution for its online-merchant clients. WooCommerce says it serves more than 4 million online merchants worldwide. Square is part of Block Inc.
- Processor Nayax Ltd. said its transaction volume in the March quarter grew 18.2% to $1.3 billion, while the volume of processed transactions totaled 650 million, up 20.4%. Its customer count expanded 31% to 100,021. Revenue climbed 27% to $81.1 million, while net income came to $7.2 million versus a $5-million net loss in the year-ago quarter. The improvement came in part on the performance of Tigapo, a technology company Nayax acquired in 2021.
- In related news, Nayax said it will work with technology company Quadient Inc. to offer cloud-based payments capability to businesses worldwide.
- Repay Holdings Corp. reported March-quarter revenue dipped 4%, to $77.3 million, while its net loss widened 52% to $8.2 million on a 4.5% decline in gross profit to $58.7 million. The latter result, it said, stemmed from “previously announced client losses, which include certain losses due to consolidation.”
- Paysafe Ltd. reported March-quarter revenue of $401 million, down 4% year-over-year, though it closed during the quarter on a previously announced sale of its direct-marketing payments-processing unit. Organic revenue climbed 5%.
- Bond Sports introduced Bond ID, technology that allows users to store a QR code to Apple Wallet or Google Wallet that can be used to identify themselves for check-in at sports and fitness facilities.
- Byline Bank is expanding its Payments and Fintech Banking unit, with moves including new hires and promotions.
Related Articles
Check Also
Millennials Favor Payment Options That Match Their Mobile-First Lifestyles
When it comes to payments, Millennials want options that match their mobile-first lifestyle, such as …