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- Western Union Business Solutions (WUBS), formerly a unit of the Western Union group of companies, will rename itself Convera upon its recently announced $910-million acquisition by Goldfinch Partners LLC and The Baupost Group LLC. Patrick Gauthier, most recently head of Amazon Pay, has been announced as chief executive of Convera, which specializes in business-to-business cross-border payments.
- U.S Bank has agreed to acquire Bento Technologies, a provider of payments services to small and mid-size businesses. Terms were not announced.
- Payments provider GreenBox POS reported second-quarter revenue of $6.4 million, up from $2.3 million for the same period last year, and processing volume of $440 million, a company record. The company also launched a pilot for its smart-contract stablecoin called Coyni.
- Payix, whose technology specializes in digital loan payments, announced it is working with LoanPro LLC, a collections-software company, to offer LoanPro clients integrated collections capability.
- Kareo Inc., a provider of business-management software for health-care practices, said it has acquired PatientlySpeaking, a technology provider for practices and billing companies. Terms were not announced.
- Payment card manufacturer CPI Card Group Inc. said it will de-list its stock from the Toronto Stock Exchange in an action it expects will take effect Aug. 27. CPI recently listed on the Nasdaq Global Market.
- Nxt-ID Inc. announced it will spin off its payments, authentication, and credential-management assets, including its FitPay unit, into a separate and independent company. It expects to complete the transaction by Nov. 15. Michael Orlando, currently chief operating officer at Nxt-ID and president of FitPay, will become chief executive of the new company.
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