Digital Transactions Authoritative, insightful and timely information for payments professionals
• Santander Bank N.A. announced it is now supporting Apple Pay for its Mastercard credit and debit cards.
• Healthy Solutions for Pets, a pet-supplement company, has hired Orderhouse to build an e-commerce store. Orderhouse’s services include technology, fulfillment, and payments.
• Vantiv Inc. will provide ATM and debit and credit card processing for On Tap (formerly Coors) Credit Union in addition to fraud-control and marketing and loyalty services.
• NCR Corp. reported that its ATM hardware revenue declined 7% year-over-year on a constant-currency basis in the first quarter to $209 million while point-of-sale hardware revenue grew 17% to $154 million. In all, the company reported net income of $57 million, up 78% from $32 million a year earlier, on revenues of $1.48 billion, up 9% on a constant-currency basis from last year’s $1.44 billion.
• Billtrust, which automates invoice delivery and payment, introduced what it said it is the payments industry’s first directory of the e-billing preferences of small businesses.
• Plastc Inc., developer of a card consolidation device, is no more. In a note on its Web site, the company, which launched in 2014, said $3.5 million in funding was expected to close in February, but the deal dissolved. Another attempt at $6.75 million in funding failed, too. This resulted in an inability to fill any preorders, the company said.
• InterContinental Hotels Group, parent company of Holiday Inn and other hotels, confirmed that malware infected point-of-sale equipment at more than 1,000 of its franchised locations between Sept. 29 and Dec. 29 of last year, KrebsOnSecurity reported. An undisclosed number of payment cards may have been compromised by the malware, which searched for magnetic-stripe track data such as cardholder name, card number, expiration date, and verification code.
• Payment card manufacturer CPI Card Group Inc. announced that president and CEO Steve Montross will retire later this year but will stay on in a non-executive capacity until June 30, 2018, to assist with the transition to a successor. Montross, a 40-year veteran of the card industry, has been with CPI nine years and led the company through its IPO in 2015.
• MoneyOnMobile Inc., a U.S.-based mobile-payments company with operations in India, added management consultant Karl Power to its board of directors.
