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- Representatives of large retailers including Walmart Inc. and Home Depot Inc. met with federal regulators this week to voice their concerns about a common buy button for e-commerce under development by the major card networks, The Wall Street Journal reported. The retailers’ main concern reportedly is how a buy button would affect their access to lower-cost PIN-debit networks.
- The Dutch processor Adyen confirmed it will list on the Amsterdam stock exchange next month, with shareholders planning to sell a 15% stake in a deal observers say will value the company between $7 billion and $11 billion. Adyen recently won a contract with eBay Inc. to provide payment gateway services for the online marketplace.
- Visa Inc. said it has made an investment in YellowPepper, a mobile-payments provider operating in Latin America and a certified Visa Token Service provider. The investment, which Visa did not disclose, is aimed at widening opportunities for tokenized transactions, increasing access to Visa’s application programming interfaces, and enlarging the market for fast transfers using Visa Direct. At the same time, YellowPepper issued a release announcing it has received $12.4 million in combined funding from Visa and other investors in a Series D round. The company said it processes 480 million transactions annually for 60 clients in six countries.
- Patientco, a technology provider for payments in the health-care industry, said it has installed the industry’s first cloud-based, validated point-to-point encryption EMV terminals at South Georgia Medical Center in Valdosta, Ga. The devices are integrated with electronic health-records technology from EPIC.
- The U.S. military establishment is having an internal debate about whether ownership of cryptocurrencies is an indicator of risky behavior and thus calls for more scrutiny for security clearances, Bloomberg reported.
- Cloud-services provider Akamai Technologies Inc. and Mitsubishi UFJ Financial Group Inc. announced plans for a “hyper-scale” blockchain-based online payment network capable of processing more than 1 million transactions per second; the developers expect the network to be available in Japan in 2020’s first half.
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