Digital Transactions Authoritative, insightful and timely information for payments professionals
- Food-ordering and delivery provider Waitr Holdings Inc. said it has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, a provider of point-of-sale software for cannabis dispensaries. The deal calls for a price of $90 million in cash and stock.
- Agilysys Inc., a provider of payments and management software for the hospitality industry, has agreed to acquire ResortSuite, a provider of property-management software. The $25-million deal is expected to close in early January.
- EVO Payments Inc., a U.S.-based payments provider with major interests in Europe, said it has entered into a long-term merchant-acquiring and processing joint venture with the National Bank of Greece.
- The big banking firm HSBC and IBM Corp. announced they have successfully tested a token and digital wallet settlement function involving direct transactions between two central bank digital currencies in a hybrid cloud system. The project was initiated by Banque de France.
- Digital-asset platform Bakkt Holdings Inc. announced BringMeThat.com, a food-delivery service, will integrate Bakkt as a payment option in its Web and mobile services.
- Mastercard Inc. said 56% of consumers intend to prioritize online shopping this holiday season. And 63% are more likely to buy a gift card or prepaid card rather than a physical or experiential gift this year. Mastercard surveyed 4,000 adults across the United States and Canada.
- A Visa Inc. survey found that 23% of U.S. consumers have sent money from the United States to another country and 65% of them plan to do so during the holiday season. Fifty-nine percent of those who send money abroad plan to use a purely digital platform for the remittance.
- Affirm Inc. announced it has signed the arts-and-crafts chain Michaels as a client for BNPL services.
- Payments-services provider CheckAlt named Rachel Book its chief people officer. Her experience includes stints at Stryker, Fidelity Investments, and Bloomberg LP. It also filled four other positions.
Related Articles
Check Also
Square Broadens Offline Mode and other Digital Transactions News briefs from 4/24/24
Block Inc.’s Square point-of-sale unit announced offline-payments capability is now available on all Square devices in all …