Digital Transactions Authoritative, insightful and timely information for payments professionals
• China-based Ant Financial Services Group’s $880 million bid for wire-transfer provider MoneyGram International Inc. is generating increasing opposition in Congress on national-security grounds, according to press reports from Washington. U.S.-based Euronet Worldwide Inc. last month submitted an unsolicited $1 billion bid for MoneyGram.
• Avangate, a subscription-management and e-commerce platform, announced it has acquired e-commerce payments processor 2Checkout. Avangate chief executive Alex Hart will serve as CEO of the combined entity, which will take the 2Checkout name. Current 2Checkout CEO Ken Benvenuto will serve as a board member and advisor. The company’s combined merchant base totals 8,000. Terms of the deal were not announced.
• Via a new integration, merchants using the Magento e-commerce platform can offer Splitit, a tool that allows Visa and Mastercard holders to make monthly payments.
• Factor4 LLC’s gift card platform is available on the Clover app market from First Data Corp., allowing merchants to offer an integrated gift card program.
• The PureCloud platform from Genesys, a provider of contact-center technology, has achieved PCI DSS Service Provider Level 2 certification.
• Credit-union service organization PSCU named Brian Scott as senior vice president of sales and solutions consulting; Scott joined PSCU in December 2015 as senior vice president of vendor alliances after working as vice president of sales for TMG, another CUSO.
