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- Visa Inc. announced plans to launch a new certification program and fund up to 500 scholarships to train individuals as dispute-resolution professionals, a role Visa says is in high demand across the payments industry. The program will include multiple days of training and several professional-level certification exams.
- Field-service management and communications provider Workiz released WorkizPay, an in-house payment processor that enables same-day payouts to field-service professionals with JPMorgan Chase & Co. accounts. Payouts to customers of other banks take two to three days. WorkizPay relies on technology from WePay, a Chase payments company.
- Payments-software provider BankTEL, a unit of payments processor AvidXchange Inc., launched its first client for AvidPay with service starting at Studio Bank. The AvidPay software links to a network of more than 500,000 suppliers for electronic payments. AvidXchange acquired BankTEL in October.
- Fiserv Inc., which earlier this year acquired leading payment processor First Data Corp., said it has a deal with private-equity firm Motive Partners under which Motive-led investors will acquire up to 60% of Fiserv’s Investment Services business, with Fiserv retaining a 40% equity interest. Fiserv expects the sale to generate $510 million in after-tax proceeds.
- Independent sales organization Bluefin Payment Systems LLC announced additions from five suppliers to its listing of PCI-validated point-to-point encrypting devices.
- Payments provider Net Element Inc. launched Netevia Rewards, a card-linked loyalty program integrated with merchants’ point-of-sale terminals.
- Credit union service organization CULedger, working with software-engineering firm Luxoft, has completed a proof-of-concept version of CUPay, an electronic funds transfer technology built on the Corda blockchain platform from blockchain-software firm R3. CULedger expects to make the service commercially available to credit unions in 2020 for cross-border payments and other applications.
- Business-to-business payments provider Fleetcor Technologies Inc. appointed Steve Greene executive vice president of corporate development and strategy, succeeding John Coughlin, who is taking the position of group president, payables. Greene has been with the company since 2009.
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