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- Elan Financial Services, a processing unit of U.S. Bank, announced it has worked with Ondot Systems to allow two-way communications on the My Mobile Money app. The app now allows issuers to communicate directly with cardholders to confirm debit card transactions.
- Belgian postal operator bpost has acquired Radial, a U.S. e-commerce payments and logistics company, for $820 million. The deal is expected to close during the current quarter. Radial was formed in 2016 with the combination of the former eBay Enterprise unit of eBay Inc. and Innotrac Corp., an e-commerce fulfillment firm.
- Digital-transaction volume worldwide will reach almost 726 billion by 2020, up an average of 10.9% annually, with growth led by Asian markets like China and India, according to a report released by Capgemini and BNP Paribas.
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