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November 23, 2021

On the web

Stripe Lands Terminal in Europe to Simplify In-person Payments

Silicon Republic

“With just days to go until Black Friday and Cyber Monday, Stripe has expanded its in-person payments service Terminal to Ireland, France, Germany, the UK and the Netherlands. This European expansion comes two years after Stripe Terminal was made generally available in the US, letting online businesses extend their Stripe capability to accept in-person payments.”

November 12, 2021

On the wires

Restaurants Have a New Affordable and Flexible Delivery Option With Launch of Clover Online Ordering With Delivery – Fiserv, Inc.

“Addressing the growing needs of restaurants for cost-effective delivery options, Fiserv, Inc. , (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, introduces Clover® Online Ordering with Delivery, which provides flexible food delivery services with direct menu management, order and payment processing and reporting through the Clover platform.”

June 15, 2021

On the web

With GoDaddy Payments, Web Impresario GoDaddy Starts Building on Its Poynt Deal

Digital Transactions

“The first fruits of GoDaddy Inc.’s acquisition six months ago of payments-technology provider Poynt Inc. emerged Tuesday with the announcement of GoDaddy Payments, a service aimed at unifying payments capabilities for GoDaddy’s base of e-commerce clients. To start with, GoDaddy Payments will focus on e-commerce transactions for clients using GoDaddy Websites + Marketing and Managed WordPress WooCommerce services. Later in the year, the service will add card-present transactions, the company says, building on strengths 8-year-old Poynt started out with when it began releasing its line of point-of-sale terminals. GoDaddy indicated in December that half of its clients also operate physical stores.”

June 8, 2021

On the wires

Wix Launches Point of Sale to Provide Powerful Omnichannel Solutions

Wix (Nasdaq: WIX ), a leading global SaaS platform to create, manage, and grow an online presence, today announced the launch of Wix POS solutions for Wix business owners to accept secure in-person payments of goods and services in store, online and on the go, allowing them to manage all sales, inventory and data directly from the Wix platform…Wix POS offers a cohesive end-to-end omnichannel solution, unifying the online and offline, directly from the Wix platform. It is the latest in a series of enhancements to Wix’s eCommerce platform, further advancing Wix’s vision to provide business owners with a full operating system to create, manage and grow their business.”

June 7, 2021

On the wires

Lightspeed to Acquire Ecwid and NuORDER to Unify Commerce Ecosystem and Ignite Business Creation

Lightspeed (TSX: LSPD) (NYSE: LSPD ), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced it has entered into definitive agreements to acquire two global leaders in digital commerce. Once closed, the acquisitions will provide Lightspeed customers new entry points to the digital economy, unprecedented supply chain management as well as increased opportunities to provide outstanding customer experiences online.”

May 27, 2021

On the wires

SpotOn Raises $125 Million in Series D Funding Led by Andreessen Horowitz

“SpotOn ( www.spoton.com ), one of the fastest-growing software and payments companies with comprehensive solutions for restaurants and retail businesses, today announced $125 million in Series D funding, increasing its valuation to $1.875 billion. The round was led by Andreessen Horowitz (a16z), one of the world’s leading technology and software investors, with continued participation from current investors, including DST Global, 01 Advisors, Dragoneer Investment Group, and Franklin Templeton, as well as new investor Mubadala Investment Company.”

May 26, 2021

On the wires

Square and Noble Partner to Digitize Live Event Concession Commerce

“Noble, the consumer-centric digital commerce and marketing platform for onsite experiences, announced today that the company has partnered with Square to provide online payment processing of food and drink for live events. A member of the Square Solutions Partner Program and available on the Square App Marketplace , the Noble platform is integrated into the Square point-of-sale (POS) to combine back and front of house operations to help live event business owners securely and easily process payments.”

May 25, 2021

On the wires

ACI Worldwide and J.P. Morgan Collaborate to Offer Merchants in Europe Greater Choice of Payment Options

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a collaboration with J.P. Morgan, a global leader across banking, markets and securities services, that will enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers. J.P. Morgan has been ranked the top acquirer of web transactions in Europe1 for the sixth consecutive year. Through this collaboration, merchants will have a pre-certified and easy-to-onboard service combining J.P. Morgan’s European acquiring platform with the ACI Omni-Commerce solution to deliver in-store payment acceptance capabilities.”

May 24, 2021

On the web

Australian Fintech Firm Mx51 Raises $25 Million

Finance Magnates | Financial and business news

“Australia’s fintech startup, mx51 announced that the company has secured $25 million in the Series A funding round to accelerate its expansion. According to an official announcement , the recent funding round was led by Acorn Capital, Artesian, Commencer Capital and Mastercard . In addition, the company is planning to introduce new features to compete with other payment platforms in the country. Founded by Victor Zheng, the formed Westpac Executive and Co-Founder of Assembly Payments, the fintech platform enables banks and non-bank acquirers to provide modern and seamless multi-channel payments and value-added solutions to merchants.”

May 17, 2021

On the web

Merchant Commerce Platform Pine Labs Valued at $3 Billion in New Fundraise


“Pine Labs, a startup that offers merchants payments terminals, invoicing tools and working capital, said on Monday it has completed the first close of a $285 million funding as the nearly two-decade-old firm looks to expand its offerings and build and scale an online payments gateway… The startup, which also counts PayPal among its investors, serves over 140,000 merchants. Its payments terminal — also known as point-of-sale machines — are connected to the cloud, and offer a range of additional services such as working capital — to the merchants. Pine Labs’s payments terminal has integration with over two dozen banks and financial and technology partners. This differentiates Pine Labs from the competition, whose terminals typically have integration with just one bank”

April 8, 2021

On the web

Saudi Expansion in Focus for Paymob After Record Egypt Fundraise


“Egyptian digital payments provider Paymob will use fresh funding to enter Saudi Arabia and expand at home, as the pandemic spurs a surge in cashless transactions. The Cairo-based firm, which provides mobile wallet products for companies including banks and phone operators and also helps process retail payments, sees “huge potential” in the two Arab nations, co-founder and Chief Operating Officer Alain El Hajj said in an interview. Fueled by what it says is the biggest-ever Series A fund-raising by an Egyptian company, led by United Arab Emirates-based Global Ventures, Paymob is seeking to build on the 500% jump in monthly revenue it saw in Egypt in 2020.”

April 6, 2021

On the wires

Lightspeed Launches Lightspeed Payments in United Kingdom and Europe in Expansion of Tailored Financial Solutions

Lightspeed (NYSE: LSPD ) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the initial availability of Lightspeed Payments for hospitality merchants in the United Kingdom and Europe. Lightspeed’s integrated payments experience gives small and medium-sized businesses in the hospitality industry access to key functionalities made crucial by the global pandemic, including mobile and contactless payments, ahead of anticipated economic reopenings.”

February 24, 2021

On the wires

NMI Acquires USAePay to Expand Omnichannel Payment Offering

NMI , a leading global payments enablement technology company, today announced it has acquired USAePay , a payment solutions company. Bringing together the NMI and USAePay solution sets allows the combined entity to better serve its joint partners and the market by expanding NMI’s technical capabilities, offering more choice and further establishing its leadership in global omnichannel payments.”

February 23, 2021

On the wires

December 15, 2020

On the wires

GoDaddy Acquires Poynt, Expands Commerce Services with Offline Sales and Integrated Payments

“GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced it has entered into a definitive agreement to acquire Poynt. Under the terms of the agreement, GoDaddy will pay $320 million in cash at closing and $45 million in deferred cash payments subject to certain performance and employment conditions over three years. The transaction is expected to close in the first quarter of 2021, subject to the satisfaction of regulatory approvals and other customary closing conditions.”

Square and POWDR Bring New Commerce Tech to the Ski Slopes

“As the winter ski season gets underway, Square announced that its commerce platform now powers payments, e-commerce, and point of sale at nearly a dozen renowned ski resorts across the U.S. and Canada in partnership with POWDR, an adventure lifestyle company on a mission to deliver memorable experiences, enhance people’s lives and have fun doing it.”

December 1, 2020

On the wires

Greater Sum Ventures Makes Majority Investment in Payments Company Fattmerchant

“Entrepreneurial family office and growth equity firm Greater Sum Ventures (GSV) today announced its majority investment in Orlando-based integrated payment technology provider Fattmerchant . The funding will provide additional capital that will enable Fattmerchant to increase its investment in innovation and accelerate its growth. The company will continue to be led by CEO Suneera Madhani, President Sal Rehmetullah, and the founding team. Founded in 2014, Fattmerchant has experienced impressive growth in its Omni solution, a software platform offering businesses a unified commerce experience to manage their operations and facilitate omni-channel payment acceptance.”

November 5, 2020

On the wires

Lightspeed to Acquire ShopKeep to Accelerate Digital Transformation of SMBs Across the United States

Lightspeed POS Inc . (NYSE: LSPD ) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire ShopKeep Inc . (ShopKeep), a leading cloud commerce platform provider based in New York City. This acquisition reinforces Lightspeed’s status as a clear category leader for complex retailers and restaurateurs seeking to modernize their operations as the global economy undergoes unprecedented digital acceleration.”

November 2, 2020

On the wires

Worldline welcomes Ingenico, creating a new world-class leader in payment services

“By combining forces with Ingenico, Worldline will become Europe’s new world-class leader in payment services and joins the league of international payment leaders. Worldline is committed to operating payment solutions that enable viable economic growth and reinforce trust and security in our societies. With its global footprint and its dedication to excellence, innovation and sustainability, Worldline is set to accelerate the development of the European payments industry, further shaping new ways of paying, living and doing business.”

October 6, 2020

On the wires

September 24, 2020

On the wires

Intuit Launches Omnichannel Sales Platform QuickBooks Commerce

“Today, Intuit launched QuickBooks Commerce, a business management platform to help small businesses attract and sell to new customers across multiple channels and ultimately grow their business. QuickBooks Commerce is the central hub that small businesses have been looking for — where they can access multiple sales channels, integrate existing ones, manage orders and fulfillment, sync inventory across online and offline channels, avoid stockouts and get profitability insights.”

August 4, 2020

On the web

Once the Innovators, Department Stores Fight to Stay Alive

Wall Street Journal (paywall)

“Lord & Taylor was one of the first retailers to allow employees to become stockholders, to introduce a lunch counter, to usher in the Christmas season with animated window displays and to take risks on new American designers. That innovation stopped in the 1980s, former executives say, sending the once-grand department store chain on a long march toward bankruptcy that culminated Monday, when the 194-year old company’s lenders said it would liquidate if it can’t find a buyer by October.”

On the wires

Intuit QuickBooks Adds Omni-channel Commerce Capabilities by Acquiring TradeGecko

“Intuit is excited to announce that we have entered into an agreement to acquire TradeGecko, the inventory and order management platform that makes omni-channel commerce easy for small businesses. Integrating QuickBooks’ suite of financial, payment, reporting and accounting tools with TradeGecko’s robust inventory and order management system will help product sellers run and grow their business, all on one powerful platform. The transaction is expected to close in September 2020.”

June 10, 2020

On the web

Credorax Partners With Mondial to Launch Omnichannel POS Acquiring in Italy

PaymentsSource (paywall)

“Mondial Bony has partnered with Credorax to launch the MondialPOS merchant acquiring solution in Italy to address the country’s shift to e-commerce amid coronavirus. The new partnership will allow Mondial Bony to expand beyond its money remittance platform, where it is an authorized payment institution by the Bank of Italy, emphasizing B2B invoice cross-border payments. Credorax will provide an omnichannel payment gateway for Mondial to resell to its clients. The Credorax payment gateway will be leveraged for both the online and in-store merchant acquiring solution.”

May 20, 2020

On the wires

May 11, 2020

On the wires

Clover Online Ordering Helps Restaurants Connect With Customers and Optimize Their Business

“As restaurants across the country have closed dining rooms in the face of COVID-19, they have shifted to take-out, pick-up and delivery models, creating a heightened need for an online presence and digital ordering capabilities. In response, the launch of Clover Online Ordering was accelerated to enable restaurants that utilize the Clover point-of-sale platform to receive and process orders for pick-up from wherever customers are searching for dining options, including the restaurant’s website or the Clover app.”

May 7, 2020

On the web

Openbravo and Adyen Team Up and Launch a Joint Ready to Go Solution to Help Retailers Succeed in the New COVID-19 Reality


“Openbravo and Adyen announced today that they have entered into an agreement to make Adyen’s payments platform available to Openbravo customers globally. Today’s extremely challenging market conditions due to COVID-19 have put many retailers in a difficult position, which is the main reason why both companies decided to accompany this announcement with the launch of a joint solution for retailers that can be implemented in a matter of weeks and combines their key respective strengths to allow retailers to adapt to the new COVID-19- reality better and faster.”

January 28, 2020

On the web

Merchants’ POS Systems Ambitions Include Omnichannel and Enhancements: Survey

Digital Transactions

““We continue to see a lot of activity focused on enhancing existing POS capabilities and omnichannel integration, when we had expected an increase in plans for the implementation of a single, unified commerce platform,” Ryan Grogman, RCP managing partner, says in an email to Digital Transactions News.“While this might just be a short-term trend, it is interesting to note that with roughly 11% of all retail transactions coming from the digital channel, we only saw one in 10 retailers responding that they have a single commerce solution in place today that includes stores, digital and mobile.””

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