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- Aurora Payments, a payments-technology developer, said it has worked with payments-hardware firm Sunmi and software developer Proxet to introduce a new line of point-of-sale terminals they say is designed for small businesses.
- The Western Union Co. reported processing 73.3 consumer-money transactions in the second quarter, up 3.8% year-over-year, while revenue in the segment declined 10%. Revenue for the company as a whole totaled $1.073 billion in the quarter, down 7.8%.
- Blackbird Labs, a restaurant-technology firm, has launched Blackbird Pay, which relies on a blockchain the company calls Blackbird Flynet. The transaction fee to restaurants is 2%, the company says. Blackbird Labs’ founder and chief executive is Ben Leventhal, founder of the online reservations service Resy, now owned by American Express.
- ePayPolicy, a digital-payments platform for the insurance industry, said it has integrated its service with the Hawksoft Insurance Platform, an agency-management system for the insurance business.
- Open banking specialist Plaid Inc. released a blog post about the implications of Section 1033, a potential rule being considered by the Consumer Financial Protection Bureau.
- Issuing platform CorServ said Northeast Bank will launch a business and commercial credit card program for its customers on the CorServ platform.
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