Payments News

On The Web

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Companies

Square’s Cleanup Still Leaves Questions

“Fast transaction growth isn’t everything to Square, which is generating increasing revenue from lending, subscription services and its consumer Cash App. But like many payments businesses, the company’s take rate, or how much of each transaction it takes as revenue, is gently declining, due in part to doing business with larger merchants that drive tougher […]
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Deals

Balderton Capital backs Primer, a fintech helping merchants consolidate the payments stack

“Primer, a U.K. fintech that wants to help merchants consolidate their payments stack and easily support new payment methods in the future, has quietly raised £3.8 million in funding. Founded by ex-PayPal employees – via PayPal’s acquisition of Braintree — Primer is busy building out a payments API to (hopefully) rule them all, with the […]
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Domains

POS Providers Invite Developers To Attract More Merchants

“As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated , a program that offers developer tools and infrastructure to integrate their work into the Revel […]
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Providers

Square Brings New Checkout Device to Canada As Competition Increases – BNN Bloomberg

“Square Inc. (SQ.N), which started about a decade ago with a smartphone-based credit card scanner used mainly by small businesses, has launched a device in Canada aimed at disrupting a market of larger retailers dominated by Canadian banks. Square’s white plastic device, called the Terminal, replaces the physical keypad design with a glass touch screen […]
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Providers

EBay Sets Its Sights on the U.K. As It Prepares to ‘Go Hard’ With Its Managed-Payments Plan

“Online marketplace giant eBay Inc. said last month it has an aggressive expansion blueprint for its fledgling managed-payments program, and late on Wednesday the company announced its latest gambit by laying out a plan to move into the United Kingdom this summer. The service has been available in the United States since September 2018 and […]

On The Wires

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Providers

Fattmerchant Launches Omni Connect, Enabling Software Companies to Accept Payments Directly in Their Platforms

“Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the launch of Omni Connect, a managed payments platform that brings together all of the necessary tools required to enable software companies to become payment facilitators (payfacs) and accept payments within their platforms seamlessly. Service Fusion, a cloud-based […]
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Providers

F1 Payments, Cross River and RS2 Partner to Offer Payment Processing Services

“F1 Payments , Cross River Bank (“Cross River”) and RS2 Software today announced their partnership to deliver best-in-class payment processing services throughout North America. F1 Payments will utilize RS2’s global processing platform and Cross River’s sponsorship service to process payments for physical and virtual businesses. Merchants gain access to breakthrough products and services with unique […]
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Global

Rapyd Launches All-In-One Integrated Payment Solution in the United Kingdom

“Rapyd, a global Fintech as a Service company, today announced the launch of a single, “full-stack,” payment solution in the United Kingdom allowing businesses locally and globally to access every major local payment method — such as cash, bank transfers, ewallets, and cards — through one easy to integrate connection. In partnership with several major payment partners […]
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Providers

GoCardless Named a Leader in ‘Payment Processing’ and ‘Subscription Revenue Management’ Software in G2 Grid® Product Ranking Reports

“GoCardless , the leading fintech for recurring payments, today announced that it has been included in three new G2 Grid Reports released this week. Based on the positive reviews it received from verified users, who compared GoCardless to similar SaaS-based payment processing offerings, GoCardless is positioned as a Leader in the Summer 2020 G2 Grid […]