Banks Cash in on Visa Europe Deal and other Digital Transactions News briefs

• Wal-Mart Stores Inc. launched Walmart Pay in 11 states: Virginia, North Carolina, South Carolina, Nebraska, South Dakota, North Dakota, Iowa, Tennessee, Kentucky, Michigan, and Indiana.

• Citing volatile exchange rates for the British pound, some money-transfer companies are temporarily suspending pound transfers until after results of today’s “Brexit” vote on whether the United Kingdom should leave the European Union are announced Friday.

• “Dozens” of banks in Europe are set to cash in from the sale of their stakes in Visa Europe to Visa Inc., according to Reuters. Barclays will benefit the most, with an expected gain of $586 million at current exchange rates. Payments to banks are based on the volume each bank processes through Visa. Visa announced its $23 billion-plus deal for the European operation in November, and the deal closed earlier this week. Another cash payment to the European banks is due in three years.

• Payments provider Prairie Cloudware said its Digital Payments Guardian mobile wallet is now active at an undisclosed regional bank. The wallet enables users to make tap-and-pay transactions using tokenized card data.

• Payments company Financial Transmission Network Inc. debuted an updated version of its Proactive Payment Monitor service, a fraud and risk-monitoring module in its ETran integrated receivables product.

• Atlantic Pacific Processing Systems is working with data provider Womply to provide APPS Insights, a data service for merchants.

• PayByPhone, a mobile-payments service for parking fees, said its iOS app now supports Apple Pay. The company also upgraded its app to include location-aware imagery, personal reminders, and so-called smart notices.

• CAP COM Federal Credit Union is using Vantiv Inc.’s payment processing services.

• NCR Corp. released a new version of Authentic, its transaction-processing solution. The new release is the fastest version so far and the “first major payments platform” to comply with version 3.1 of the Payment Application data-security standard from the PCI Security Standards Council, NCR says.