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- Small businesses using Square Inc. will be able to use turnkey UPS shipping services integrated into Square Online Store, the acquirer’s e-commerce platform, UPS announced. The Square-UPS deal includes special shipping rates that could be up to 55% off UPS daily rates.
- Amazon.com Inc. reported it now has more than 150 million Prime members globally, with a record number of people joining in the fourth quarter. In addition, the company said free returns can now be made at more than 18,000 U.S. drop-off locations, which include Kohl’s and select Whole Foods locations.
- Prepaid, debit card, and related fees for The Bancorp, a major prepaid card issuer, totaled $17 million in the quarter ended Dec. 31, up 30% from $13.1 million in the year-ago period. Prepaid and debit card gross dollar volume on cards rose 41%, to $19.1 billion from $13.5 billion.
- Mitek Systems Inc., developer of mobile remote deposit capture and identity-verification software, posted revenues of $22.1 million in its first quarter of fiscal 2020 ended Dec. 31, a 25% increase from $17.7 million a year earlier. Net income swung to $0.56 million from a $3.19 million loss in fiscal 2019’s first quarter.
- Cardknox Development Inc., a payments gateway provider, announced an integration with Wagento, an e-commerce software vendor.
- SP+, a company that facilitates efficient movement of people and belongings at big events, has teamed with ParkHub, a mobile-payments provider for parking, to serve parking needs at major sports events.
- The Federal Trade Commission sent letters to 19 Voice over Internet Protocol (VoIP) service providers warning them that “assisting and facilitating” illegal telemarketing or robocalling is against the law.
- Payment card manufacturer CPI Card Group Inc. released a white paper titled “The Road to Contactless.”
- Industry veteran Pat Detlefsen joined ATM Partner, an ATM supplier and independent sales organization.
- Bryan Preston, chief financial officer for Fifth Third Bancorp’s consumer and payments business, has been promoted to treasurer, succeeding Jamie Leonard, who was named chief risk officer, succeeding Frank Forrest, who becomes special advisor for risk and regulatory matters until the end of the year, when he will retire.
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