Digital Transactions Authoritative, insightful and timely information for payments professionals
• POS Portal Inc., a point-of-sale equipment distributor, said it is now supplying payment equipment via Retail Realm, a POS software distributor.
• Merchant processor Global Payments Inc. said it is providing payment technology for Hyundai Motor UK’s “Click To Buy” platform, which lets consumers buy a car online from any participating dealership.
• Passport, a provider of mobile parking and transit payments, has appointed Dr. Keith Chen as a board advisor. Chen previously was head of economic research at Uber, where he was credited with designing that company’s surge-pricing model.
• In related news, the University of North Carolina Charlotte has agreed to use a mobile-payment system for parking from NuPark, provider of a smart-parking platform, to manage parking on campus.
• Cross-border payments specialist PayCommerce announced an agreement with Dow Jones to use its risk and compliance data to help clients manage know your customer, anti-money laundering, and counter-terrorist financing compliance.
• Financial-institution processor Fiserv Inc. said its POSH gateway and switch service is now certified with version 3.2 of the Payment Application data-security standard (PA-DSS), the security rules for payment software.
• Ninety-one percent of corporate finance professionals plan to implement new commercial card tools or services in 2017, up considerably from 2016, according to a survey of industry professionals by Capital One Financial Corp.
• Global payments provider Wirecard AG, which entered the U.S. market in 2016 with its acquisition of Citigroup Inc.’s prepaid card business, has appointed two new executives to help run its North American unit: Brad Fauss, formerly head of the Network Branded Prepaid Card Association, has become general counsel, and Kevin Brown, formerly with Citi and a startup called Credibly, will head up marketing.
