Highnote Adds Acquiring
The platform’s general ledger can move funds from issuing accounts to acquiring accounts in real time.
Area of Interest: Merchant Acquiring
Mpact Card Acceptance
Mpact’s SaaS platform analyzes the deposits of a client’s accountholder data to identify business customers using services from an outside company.
Paze Online Checkout from Early Warning Services
Marketing to merchants began in the second quarter of 2024.
Verifone Launches Victa Device Portfolio
New mobile, portable and reader devices from POS terminal manufacturer Verifone were designed to serve multiple use cases and a variety of merchant sectors. These devices will be sold under the Verifone Victa brand to independent software vendors (ISVs), independent sales organizations (ISOs) and acquirers, as well as directly to merchants, in all world regions.
Investments in Merchant Processing, Acquiring—2024
In 2024, the value of 67 investment transactions for which the monetary value was announced amounted to $5.51 billion. This compares to 85 deals with announced values totaling $8.90 billion in 2023.
Discover Financial Services Results—2024
Total credit card volume (purchases and cash advances) was $224.58 billion for Discover Financial Services (DFS) in 2024, a decline of 3.5%. Cash advances were 5.49% of total volume, down from 6.39% in 2023. Outstanding credit card receivables at year-end 2024 were up 0.5% to $102.79 billion.
Acquirers and ISOs Can Provide Rewards to Merchants
Tuzo’s rewards platform assigns points based on the purchase volume of every credit card payment merchants accept. Points can be redeemed for travel, prepaid cards, electronic devices, vacation destinations and luxury goods.
PDX Beam Crypto-to-Fiat Payment Platform in US Beta Release
PDX Beam, which charges merchants 2% of the value of a transaction for its service depending on volume, says that settlement has been occurring in as soon as 20 seconds, including merchant payment confirmation.
Market Cap Performances by Payment Processors in 2024
Combined, they held a market capitalization of $447.25 billion as of December 31, 2024.
Worldpay and Mastercard Virtual Cards for Travel Agents
More than 130 airlines are Worldpay customers.
