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- American Express Co. said it is working with its reservation-technology company Resy to encourage cardholders to order out from restaurants. The program includes new dining offers on many AmEx cards.
- Exactuals LLC, whose PaymentHub platform processes residuals, royalties, and other payments for the entertainment industry, said dollar volume on the platform grew 250% over the past year, passing $1 billion in volume all-time. City National Bank acquired Exactuals in 2018.
- In related news, City National Bank announced an agreement with fintech Extend Enterprises Inc. to offer virtual Visa-branded commercial credit cards on demand. The cards can be added to the Google Pay and Apple Pay mobile wallets.
- Payments provider Innovative Payment Solutions Inc. reached an agreement with remittance platform Golden Money Transfer Inc. that will allow Innovative to offer transfers to any bank account in Mexico, with origination capability in 30 states.
- Payments provider Paysafe Group announced its Income Access marketing arm will help support the new iLottery affiliate program of the Virginia state lottery. Paysafe processes transactions for the lottery.
- Canadian processor Mogo Inc. reported the Canadian dollar value of Bitcoin traded on its platform rose 323% in January over December. New account additions increased 141%. Absolute figures were not released.
- Core Business Technologies said it acquired Secure Instant Payments, a payment facilitator in the event-management arena and eGov Strategies LLC, a government-payments specialist. Terms were not disclosed.
- Payments provider Usio Inc. released some 2020 processing data. Its credit card transactions processed increased 58% over 2019 and its prepaid card transaction volume increased 97%.
- Fort Bragg Federal Credit Union renewed what had been a three-year agreement with ATM USA for another five years to manage 24 off-premises ATMs for the credit union.
- For the week ending Jan. 24, 26% of debit transactions and 21% of credit card transactions made in fast-food restaurants were tap-and-pay, according to the Tracking Transactions Trends report from PSCU, a credit union service organization. That compares to 9% for credit and 16% for debit for the week ending Jan. 26, 2020.
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