Digital Transactions Authoritative, insightful and timely information for payments professionals
• FinTech Acquisition Corp. announced it has completed its acquisition of processor CardConnect LLC, which has become a wholly owned subsidiary. Renamed CardConnect Corp., the company began trading Monday on the NASDAQ under the symbol “CCN.”
• Epson America Inc. launched the Envision mSelect Partner program to help mobile point-of-sale integrated software vendors and value-added resellers sell Epson products to their customers.
• Ice-cream chain Baskin-Robbins launched a new mobile app that lets users store Baskin-Robbins cards to use in-store for purchases. The app also allows access to deals and coupons and lets users send Baskin-Robbins cards to others. Baskin-Robbins is part of Dunkin’ Brands, which is well-known for its own proprietary mobile wallet.
• Visa holds 3.2% of all U.S. patents related to mobile payments, more than any other holder, according to research commissioned for business media firm IAM. Next, in order, are Qualcomm, MasterCard, SK Telecom, and Google parent company Alphabet Inc.
• HitPath, which supplies software for affiliate marketing, has agreed to integrate mass commission-payment automation from processor Tipalti.
• A new report from research firm Acuity Market Intelligence forecasts that by 2030 today’s physical identity credential will be obsolete, to be replaced by smart phone-based digital identity formats that incorporate biometric data. Credit and debit cards will not be immune to this trend, the report noted.
