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- A startup fintech called Engage has launched a communication channel allowing customers and merchants to interact via purchase transactions through card networks.
- In the hotly contested hospitality point-of-sale market, Lightspeed Commerce Inc. launched the newest version of its Lightspeed Restaurant set of technologies, which is immediately available in the U.S. market.
- Security firm Sophos said it has discovered “multiple” chatbot apps using the artificial-intelligence-based ChatGPT technology to overcharge users.
- A Bitcoin startup called River announced a $35-million Series B equity round led by Kingsway Capital.
- In related news, blockchain-technology provider Ripple said it has paid $250 million to acquire Switzerland-based Metaco, a provider of technology for digital-asset custody and tokenization.
- Pushpay, a specialist in payments for houses of worship, launched Everygift, a utility aimed at reducing failed payments, and announced a partnership with Engiven, a cryptocurrency-donation platform.
- ScanSource Inc., whose technology links point-of-sale devices to cloud configurations, announced it discovered on May 14 it was the victim of a ransomware attack. It is working with law-enforcement authorities and cybersecurity providers.
- Fourth, a provider of earned-wage access technology, said its Fuego platform has added a tip-payout feature, allowing employees to draw on tip income electronically.
- PayIt, a payments-technology provider for government entities, said it has agreed to acquire Sovereign Sportsman Solutions, a provider of technology for licensing, permitting, and other functions for the outdoor-recreation industry. Terms of the deal, which is expected to close by the end of the month, were not announced.
- Payments provider Elavon said it will be the exclusive processor for transactions on Audico, a voice-activated technology developed by The Digital Line for the hospitality industry. Audico, which has been introduced at the Ascot Racecourse in the United Kingdom, relies on Amazon’s Alexa technology.
- Former First Data and Worldpay executive Jay McCracken has been appointed senior vice president of sales at Member Access Processing, a processor for credit unions.
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