On Track Innovations Ltd., a provider of payments technology based on near-field communication, announced it raised $2.5 million in a private placement of shares.Digital-banking and payments-processing technology provider i2c Inc. launched a mobile app and cardholder Web site it says are designed to help persons who have color-blindness conduct digital banking.TriumphPay, a …
Read More »Fleetcor Contests FTC Lawsuit and other Digital Transactions News briefs from 12/23/19
Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of …
Read More »InComm’s Vanilla Visa Debuts in Mexico and other Digital Transactions News briefs from 12/20/19
InComm, a provider of payments processing for the prepaid market, launched its Vanilla Visa prepaid and gift cards in Mexico.Levelset, a payments provider for the construction industry, announced a $30-million funding round led by Horizons Ventures.Butterfly Network Inc., provider of a handheld ultrasound application for mobile devices, said its technology …
Read More »EVO’s U.K. Discover Expansion and other Digital Transactions News briefs from 12/19/19
EVO Payments has agreed to enable merchants it serves in the United Kingdom and Ireland to process transactions on the Discover, Diners Club International, and affiliate card networks. Merchants served by EVO in other markets are expected to come online for Discover in 2020.Antivirus protection provider Avast said a survey it …
Read More »Payrailz To Test Bill Pay Exchange and other Digital Transactions News briefs from 12/18/19
Payrailz LLC, a payments provider for financial institutions, said it will pilot Mastercard Inc.’s Bill Pay Exchange, a real-time bill-payment service.Facebook Inc. and Alphabet Inc.’s Google unit claimed the first and second slots on Dashlane Inc.’s annual list of “worst password offenders” in 2019, Facebook for exposing passwords linked to “hundreds …
Read More »Big-Ticket Rejection and other Digital Transactions News briefs from 12/17/19
LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.Juniper Research’s latest report forecasts that the installed base of contactless-enabled …
Read More »Clover Adds Recruiting App and other Digital Transactions News briefs from 12/16/19
Point-of-sale payments technology provider Clover, which is owned by Fiserv Inc., added JazzHR, a recruiting app, to its Clover App Market, which is aimed at small businesses.Splitit Payments Ltd., a global provider of point-of-sale installment payments, announced it reached $3 million in merchant sales over the four-day stretch from Black Friday through …
Read More »Virtual Fare Card Test Coming to Washington, D.C. and other Digital Transactions News briefs from 12/13/19
The Washington Metropolitan Area Transit Authority, which serves the area in and around the nation’s capital, plans next year to start allowing users of Apple Inc. devices to pay at fare gates with their iPhones and Watches using a virtual version of the agency’s SmarTrip card, according to The Washington Post. Android …
Read More »Bill Ready Going to Google and other Digital Transactions News briefs from 12/12/19
Departing PayPal Holdings Inc. chief operating officer Bill Ready in January will assume the role of head of commerce at Alphabet Inc.’s Google unit, TechCrunch reported. PayPal announced in June that he would leave the company at year’s end. Ready came to PayPal in 2013 as a result of the company’s $800-million …
Read More »Possible Widening of Desjardins Breach and other Digital Transactions News briefs from 12/11/19
Quebec-based Desjardins Group said the former employee suspected of orchestrating a massive data breach that affected 4.2 million members of the big credit-union federation also had access to the personal information of a further 1.8 million credit card holders who are not Desjardins members, the CBC reported.ACI Worldwide released the latest version …
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