Digital Transactions Authoritative, insightful and timely information for payments professionals
• Rambus Inc. introduced its Rambus Unified Payment Platform, which it says will enable mobile-wallet users to pay with credit, points, and coupons in a single transaction.
• Payments provider Harbortouch Payments LLC announced a partnership with Strategic Funding Source, a merchant cash-advance provider.
• Square Inc. will pay $54.8 million to Starbucks Corp. to cancel a warrant, originally issued in 2012 and amended in 2013, giving Starbucks the right to purchase up to 9.46 million shares of Square’s common stock; Starbucks recently ended its merchant-processing agreement with Square.
• Visa Inc. said it will commit $1.5 million over a four-year period to Filene Research Institute and the Credit Union Executive Society to help strengthen the flow of executive talent into the credit-union industry.
• Processor Fiserv Inc. said the 92,000-member Credit Union of Southern California will use Fiserv’s Architect digital-banking platform to support online and mobile banking with integrated payments capabilities.
• Payment-technology provider ACI Worldwide Inc. said The Co-operative Group, a United Kingdom convenience-store chain with 2,800 locations, picked ACI to run the cloud-based digital wallet for its new loyalty program.
• Visa Inc. announced at the Mobile World Congress in Barcelona that it will expand its Everywhere Initiative innovation program into Europe; the initiative will kick off with a live competition for five startups at the conference to win €25,000 ($26,500) by developing payment applications for the Internet of Things.
• Visa also said that its QR-code-based mVisa mobile-payment service now live in India, Kenya, and Rwanda will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan, and Vietnam.
• John Donahoe, president and chief executive of eBay Inc. when it owned PayPal Holdings Inc., has been named to the same position at cloud-services company ServiceNow. EBay spun off PayPal in 2015.
