Today In Payments: Fiserv To Acquire Pineapple Payments; Fort Financial Taps Lumin Digital For Digital Banking Tech
In today’s top news, Fiserv, Inc. has inked a definitive deal to purchase Pineapple Payments, and Fort Financial Credit Union has tapped Lumin Digital to provide digital banking tech. Plus, former GoDaddy CEO Scott Wagner discussed retailing with PYMNTS.
Fiserv To Purchase Pennsylvania-Based FinTech Pineapple Payments
Fiserv, Inc. has signed a definitive deal to buy Pineapple Payments, which is headquartered in Pittsburgh, Pennsylvania. Fiserv announced that the deal is forecasted to close in Q2 2021 and is “subject to customary approvals and closing conditions.”
Lumin Digital Tapped By Fort Financial To Provide Digital Banking Tech
Fort Financial Credit Union (Fort Financial) has signed a multi-year deal for the online and mobile baking cloud-native technology of Lumin Digital. Fort Wayne, Indiana-based Fort Financial was founded in 1946.
Report: Robinhood Working To Let Users Purchase IPO Shares
Robinhood is said to be working on a technology that would let those who utilize its trading app purchase stocks at the same time as Wall Street funds to “democratize” initial public offerings (IPOs).
NatWest Integrates Trust Factor Into Digital-First Approach
As reported this week, NatWest, home to approximately 16 percent of current accounts in the United Kingdom, has been enhancing at least some of its business to surmount the challenges presented by digital-first (and digital-only) firms. In a nod to the appeal of face-to-face interactions — changed a bit for pandemic — the financial institution will make bankers available for evening meetings through video.
NEW REPORT: The Multichannel Guide To Boosting Digital Wallet Adoption
Consumers’ use of digital and mobile wallets has tripled during the last three years and has only been accelerated by COVID-19, as people have migrated to online and mobile shopping from tangible cash and card payments within the last year. PYMNTS explores the evolving digital and mobile wallet climate in regions throughout the globe in addition to opportunities for companies to harness these safe digital endpoints for disbursements liquidity.
Former GoDaddy CEO Says Retailing Can Surf Rising D2C Wave
In a recent conversation with PYMNTS, former GoDaddy CEO Scott Wagner observed that creativity shown through the uniqueness of an idea is the lifeblood of a brand — and no amount of technology can provide that to a brand (or replace that if it’s lacking.) However, what technology can do, Wagner said, is provide the brand with the capacity to actually operationalize those ideas and put them out there.
Record Crypto Payment Helps Fast Private Jet Make Connecting Flights
The question hangs over the digital currency sector. Can it be harnessed for everyday purchases? A firm called Fast Private Jet has part of the answer. It takes digital currency payments, but taking a private jet is hardly an everyday usage.