Digital Transactions Authoritative, insightful and timely information for payments professionals
- Turnkey Risk Solutions, a risk-management firm specializing in first-party fraud, rebranded as Humaitrix LLC. Payments veterans John J. Leehy III joined the company as chief executive and Gregory W. Sahrmann joined as the chief operating officer. Amy Walraven, a former JPMorgan Chase & Co. risk executive, is founder, president, and chief strategy officer.
- David Marcus, Facebook Inc.’s point man on the proposed Libra cryptocurrency project, met with European financial regulators in Switzerland to defend the controversial project against fears Libra could displace fiat currencies and threaten central banks’ control over the money supply, Bloomberg reported. He also posted his views in a Twitter thread.
- Wells Fargo & Co. said it plans to test an internal settlement system called Wells Fargo Digital Cash, which will be based on the bank’s first distributed-ledger platform. The system will enable Wells to make internal book transfers for cross-border payments using digital cash.
- With U.S. transit agencies looking to adopt contactless fare-collection technology, a new study by Masabi, a payments vendor specializing in the field, indicates 59% of agencies say adding new features to their systems is “hard” or “very hard.”
- Fleet-fueling payment specialist WEX Inc. said its corporate payments division has introduced a service catering to the payment needs of financial institutions and of vendors to those institutions.
- U.S. payments-technology provider ACI Worldwide said its UP Immediate Payments product has helped The Netherlands-based Rabobank achieve a milestone toward offering instant payments at scale.
- Investment firm Park Ten Capital appointed Todd Linden managing director. Linden most recently was chairman of Paysafe North America and before that was chief executive of Merchants’ Choice Payment Solutions.
- CORRECTION: Near the end of our Sept. 13 story “Mastercard Still Sees Growth Opportunities in the U.S. Payment Market” we incorrectly stated the U.S. business-to-business payment volumes in billions of dollars instead of trillions of dollars as cited by Mastercard. Digital Transactions News regrets the error.
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