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- JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions.
- In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. The higher fee also applies to shipping costs and will provide more funding for marketing and customer support, the company said. Etsy, which claims 2 million active sellers globally, also introduced new subscription packages for sellers.
- Banks are unlikely to use distributed ledgers to process cross-border payments for now because of scalability and privacy issues, an executive with Ripple Labs Inc. told Reuters.
- Consumer revolving credit grew by 2.6% in April on a seasonally adjusted annualized basis, the Federal Reserve reported.
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