Digital Transactions Authoritative, insightful and timely information for payments professionals
• WePay Inc. introduced a service that allows business-services platforms to offer card readers under their own brand to merchants for mobile acceptance of mag-stripe and EMV chip cards. Standard processing rate is 2.75% plus 30 cents. The first platforms to take advantage of the service are FreshBooks and Infusionsoft.
• UniRush LLC, sponsor of the prepaid RushCard, agreed to pay about $19 million to compensate cardholders and settle a lawsuit filed in the wake of a multiday glitch last October that prevented thousands of cardholders from accessing their funds.
• On Track Innovations Ltd., a vendor of payment devices with near-field communication capability, launched its PayCapsule-Flex insert, a small, paper-thin payment “card” that fits into garments and other wearables to enable payments.
• BlueSnap said MasterCard Inc.’s MasterPass wallet has been integrated with BlueSnap’s Powered Buy online-checkout platform.
• Most consumer-finance, higher-education, insurance, and other billing entities “lack the payments innovation necessary to win consumers,” says payments provider ACI Worldwide Inc., citing a survey showing 59% of the organizations “are not confident they are flexible enough to drive innovation in payments.”
• Processor Total System Services Inc. (TSYS) announced it has certified all Dejavoo Z and V Series payment devices for EMV.
• Hyperwallet, a provider of payouts globally, announced its latest client is 1stdibs, a luxury marketplace for furniture and art. 1stdibs will use Hyperwallet to send payouts to dealers in 18 countries.
