Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor Square Inc. settled a lawsuit filed by a Washington University professor, Robert E. Morley, who said he invented Square’s card reader for smart phones. Terms of the settlement were not disclosed, but Square set aside $50 million in the first quarter to cover legal expenses from the pending agreement.
• Dunkin’ Donuts says its order-and-pay-ahead service known as On-the-Go Ordering is now available nationwide.
• The Stinking Rose, a San Francisco restaurant known for its garlic-based menu, is using Elavon Inc.’s Simplify EMV service to accept chip cards.
• Data-services vendor ControlScan says Ace Parking, which manages more than 500 locations, is using it to standardize its network security infrastructure.
• Executive-management changes continue at mobile-payments and -marketing provider Spindle Inc. as payments veteran Brian Bates has joined the board of directors. Spindle on Monday announced its founding chief executive, Bill Clark, had resigned and been replaced by Michael Schwartz as interim CEO.
• Payments veteran Dickson Chu has joined Ingo Money Inc.’s board of directors. Previously, Chu had served as chief product officer for the company, which provides instant funding for digitized check deposits.
• MyECheck Inc. announced it has changed its name to MEC Inc. The company offers a payment service that leverages image exchange for check clearing and settlement.
• Mobile-capture technology provider Mitek Systems Inc. received two new patents that cover the extraction of data from remittance and invoice images captured with a mobile device.
• Payments, commerce, and financial technology startups can now apply to be part of the Commerce.Innovated funding competition sponsored by Silicon Valley Bank and MasterCard Inc.
• Payments-consulting firm Auriemma Consulting Group has become a Silver Sponsor of the Merchant Advisory Group, which advocates on behalf of major merchants on issues such as card-acceptance costs and mobile-wallet rules.
