Friday , November 8, 2024

‘Digital Dollar’ In the Works and other Digital Transactions News briefs from 1/16/20

  • J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital Dollar Project.
  • Fiserv Inc. announced DolEx Dollar Express Inc., a provider of wire transfers, walk-up bill payment, prepaid cards, and other services, will use Fiserv technology to manage anti-money laundering compliance.
  • MoneyGram International Inc. reported a 2% year-over-year increase for December in the number of transactions it processed, which it indicated represents a “return to global transaction growth.”
  • Digital River said it has integrated its global payments and risk-protection services with the Magento commerce platform.
  • Agilysys Inc. said The Current Hotel in Tampa, Fla., has agreed to use the InfoGenesis point-of-sale technology for its food-and-beverage operations.
  • PayPal Holdings Inc. said it processed $10.3 billion in donations last year, a record high. It handled $1 billion of this amount in December alone. All told, 21% of the donation volume originated from a mobile device.
  • Marqeta Inc., a U.S. provider of card-issuing technology, has certified with Mastercard Inc. to process for European clients.
  • The managers of travel sites CheapAir.com and AmTrav have launched Qtrip, a site that enables fare and services comparisons across airlines and accepts Bitcoin and other cryptocurrencies for fare and hotel payments.

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