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- Xero Ltd., an accounting and payments firm, announced it will acquire the payments platform Melio Inc. for $2.5 billion upfront, with another $500 million in payments tied to performance targets.
- The commerce platform NuOrder by Lightspeed launched Order Trends, a compilation of statistics aimed at informing merchants’ buying decisions.
- Canada-based fintech Nuvei Corp. said it has agreed to process in-app purchases onboard cruise ships operated by Virgin Voyages.
- Transportation-technology platform AtoB said it will support the Beon Rewards Fuel Card launched by Nolan Transportation Group, operator of some 80,000 carriers.
- Payments platform Spreedly Inc. said it has integrated just-in-time updates for Visa Cards through Visa Inc.’s Account Updater service.
- The U.S. Faster Payments Council elected five new directors, re-elected one, and through a special election appointed yet another new director for a one-year term.
- Payment-software provider RS2 plc said it will work with Visa Inc. to offer technology for end-to-end transaction acceptance.
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