On The Web

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Deals

SpotOn Raises $60M Series C To Support SMB Growth

September 23 2020

• in
• POS
• Remote Commerce

“SpotOn Transact , a software and payments company for small and medium-sized businesses, secured $60 million in Series C funding just six months after announcing its $50 million Series B investment…SpotOn focuses on the retail, services and restaurant industries. These were some of the hardest hit sectors of the COVID-19 pandemic and led many to […]

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Domains

House Democrats Push to Renew Efforts for Second Round of $1,200 Stimulus Checks

September 23 2020

• in
• Government Payments

“The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it. Earlier this month, Senate Republicans attempted to get a smaller bill through Congress as the standoff between both parties continued.   But that relief bill did not include a second round of $1,200 stimulus […]

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Domains

Mailchimp Adds And Upgrades Ecommerce Tools For SMBs

September 23 2020

• in
• Remote Commerce

“Mailchimp has debuted several new tools to help small businesses grow their audiences and ecommerce sales as part of its fall release. One new feature is an integration with Stripe, allowing Mailchimp users to add a Buy Button to their website to process payment for a product or service. It facilitates payment in 41 countries, in over 135 […]

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Domains

How Consumers Struggling with Covid-19’s Impact Have Paid—Or Not Paid—Their Bills

September 22 2020

• in
• Bill Payment

“The impact of the economic downturn sparked by the coronavirus pandemic has affected payments of all sorts, but perhaps none so much as consumer bill payments. Indeed, some 56% of consumers said it was harder to pay bills because they’d lost their jobs or had sustained a reduction in income, according to a second-quarter survey […]

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Domains

Six People Indicted in Amazon Marketplace Bribery Scheme to Help Third-Party Sellers

September 21 2020

• in
• Marketplaces
• Remote Commerce

“Six people have been indicted by a grand jury in Washington state on charges they bribed Amazon employees to manipulate third-party seller listings on the e-commerce site, including listings for defective or dangerous products, authorities said . Starting in 2017, the people, including two former Amazon employees, paid more than $100,000 to have listings of […]

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Domains

U.S. Blocks WeChat Transactions

September 18 2020

• in
• Mobile Payments

“The American government is banning the use of Chinese app WeChat for the transfer of funds or processing payments within the US. The Department of Commerce says it is prohibiting transactions relating to Tencent-owned WeChat, as well as another Chinese app, TikTock, to “safeguard the national security of the United States.”

On The Wires

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Domains

Big Commerce Payments Goes Live to help Merchants Utilize the Unique New Partnership Between BigCommerce® and Intuit® QuickBooks® to Efficiently Sync Online Payments

September 21 2020

• in
• Remote Commerce

“Big Commerce Payments recently announced that its platform now takes advantage of the NEW PARTNERSHIP between BigCommerce® and QuickBooks®, making it far easier for companies to sell online and accurately record those transactions. BigCommerce® offers optimal QuickBooks® integration that is designed to support a diverse range of merchant and organizational needs, streaming day-to-day operations and […]

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Deals

Paya Announces Strategic Acquisition of The Payment Group

September 21 2020

• in
• Government Payments
• Remote Commerce

“Paya , a leading provider of integrated payment and commerce solutions, has announced that it has signed a definitive agreement to acquire The Payment Group (“TPG”). TPG provides integrated payment solutions to more than 600 utility and municipal government clients, linking all payments with their existing accounting and business management software. This marks Paya’s second acquisition in the […]

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Domains

Lightspeed Announces Closing of US$397.7 Million Initial Public Offering in the United States

September 18 2020

• in
• POS

“Lightspeed POS Inc. (“Lightspeed” or the “Company”) (NYSE: LSPD) (TSX: LSPD ) today announced the closing of its previously-announced marketed public offering of subordinate voting shares in the United States and Canada, representing Lightspeed’s initial public offering in the United States.”

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Deals

FLEETCOR to Acquire AFEX, a Leading Cross-Border Payments Provider

September 17 2020

• in
• Cross-border payments

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider. By acquiring AFEX, FLEETCOR will build upon its corporate payments line of business and strengthen its position as one of the largest business payments companies in […]