Digital Transactions Authoritative, insightful and timely information for payments professionals
• Payments processor Vantiv Inc. said its eProtect payment-security service now works with Android Pay. Vantiv also announced its validated point-to-point encryption service now includes VeriFone Systems Inc. point-of-sale equipment.
• PayPal Holdings Inc. said consumers now can make PayPal payments using PayLease, a payments and billing platform for property managers, or on their property-management company’s Web site.
• Outerwall Inc., parent company of self-service coin-counting machine provider Coinstar, announced that its sale to affiliates of Apollo Global Management LLC is now complete; Outerwall’s biggest unit is the Redbox DVD-rental business, which is experiencing declining sales as consumers embrace streaming of movies over the Internet.
• Payments processor Elavon updated Payment Navigator, its health-care payments service.
• LendEDU, a student-loan marketplace operated by Shop Tutors Inc., released the results of an analysis of more than 500,000 public Venmo transactions that examined the top five transaction categories among other data.
• Two studies from IBM Corp. found that banking and financial markets are adopting commercial blockchain use faster than initially thought with 65% of banks expecting to have a blockchain capability in production in the next three years.
• The Merchant Advisory Group, a merchant-led payments organization, released a mobile-commerce tool to help businesses analyze the potential benefits of m-commerce products and services.
• Mozido Inc. named Markus Remark as executive vice president of sales and services. Remark most recently was vice president of customer operations at Oracle Corp., and previously worked at TOA Technologies, a mobile business-technology company.
