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- The Federal Trade Commission announced settlements with the two principals of Apex Capital Group, an Internet marketer of dietary supplements and personal-care products the FTC accused of using deceptive free-trial offers and negative-option billing in the U.S. and United Kingdom. The defendants must surrender assets valued at $3 million or more and are barred from the conduct the FTC alleged in its 2018 civil complaint. The FTC alleged the defendants used dozens of shell companies and straw owners to obtain merchant accounts, and manipulated chargeback levels to avoid being placed in the card networks’ chargeback-monitoring programs.
- Private-label and cobranded card issuer Synchrony Financial said it added more than 8,500 stores to its CareCredit merchant network of health-care providers through a new deal involving Walgreens and its Duane Reed drugstore subsidiary. Some 230,000 providers now accept the Synchrony-issued CareCredit credit card, which enables consumers to finance health-care, veterinary, and personal-care expenses.
- The Western Union Co. announced new availability of real-time, cross-border payments to accounts, cards, and digital wallets for consumer-to-consumer, consumer-to-business, and business-to-consumer transfers. It said its cross-border consumer-to-consumer “money in minutes” feature is now available in 17 countries.
- In related news, the French bank Societe Generale selected a platform from Fidelity National Information Services Inc. (FIS) to run real-time payments to corporate clients in nine European countries.
- SmartStream Technologies launched a machine-learning capability to enable continuous digital-payments reconciliation.
- Payments provider ACI Worldwide Inc. said it is supporting the universal confirmations program from the international financial-messaging organization SWIFT. The program is due to go live in November.
- As part of the Priceless marketing campaign from Mastercard Inc., the upcoming New York Times Food Festival in New York City will feature two macarons colored like Mastercard’s red and yellow interlocking circles logo, with their flavors dubbed “Passion” and “Optimism.”
- First American Payment Systems LP named Dana Odom vice president of integrated software vendors, a new position to lead sales for its integrated-payments channel. Odom most recently worked at Nuvei following stints at Clearent, TSYS, and PayPros.
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