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- American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. AmEx says this enables customers to share their payment data securely with their permission.
- Retired Discover Financial Services executive Diane Offereins has sued the payments company over allegations of gender and age bias, saying, in the lawsuit, it made her a scapegoat over a merchant code classification issue, Reuters reported.
- Payments-technology platform Ingo Payments announced it has acquired Deposits Inc., a provider of banking software, in a deal that closed Aug. 30. Terms were not announced.
- Ebix Inc., whose businesses include money remittances and prepaid gift cards, said it exited Chapter 11 on Aug. 30 after less than nine months of restructuring. The company maintains some 200 offices on six continents.
- FaceTec launched UR Codes, a technology aimed at establishing user identity in online commerce. The codes, said to be scannable by everyday devices, work by linking the codeholder to his or her identity data.
- Fifth Third Bank’s Newline embedded-payments platform said it will work with open-banking payments platform Trustly to support payments on networks including the automated clearing house and The Clearing House’s RTP real-time system. The partners say they will start with deposits and withdrawals through the ACH and on RTP.
- Payments startup Flex raised a seed round totaling $3.2 million from Y Combinator, SV Angel, Precursor, Liquid 2 Ventures, and other investors. Flex’s technology supports health and wellness companies looking to accept consumer payments from health savings accounts and flexible saving accounts.
- Conduent Inc. said it will modernize and convert the American Samoa Nutrition Assistance Program from paper vouchers to electronic benefits transfer cards. Nearly 5,000 individuals in American Samoa use the program.
- Payments platform BlueSnap Inc. named Bill Christensen senior vice president of acquiring and risk. Christensen most recently was vice president of global underwriting at Paysafe Ltd.
- Alfred F. Kelly Jr., former chairman and chief executive of Visa Inc., joined the General Motors Co. board of directors, GM announced.
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