Digital Transactions Authoritative, insightful and timely information for payments professionals
• Prepaid card and mobile-banking provider Green Dot Corp. named three new independent directors to its board and non-independent director Sam Altman stepped down as the company expanded its board from eight to 10 directors, all but one of them now independent. Green Dot shareholder Harvest Capital Strategies LLC, which is pushing to improve the company’s financials and oust CEO Steve Streit, has nominated its own slate of three director candidates for election at Green Dot’s upcoming annual shareholder meeting.
• Independent sales organization Complete Merchant Solutions LLC says a group of investors led by GCP Capital Partners, Western Heritage Capital and Performance Equity Management secured a “significant” stake in the company. Terms were not released. The ISO says it processes more than $2 billion in annual volume.
• Most small businesses—87%—have seen little to no adoption of mobile payments, finds a survey of more than 1,900 merchants that use the ShopKeep tablet-based point-of-sale system, though 59% of them predict that 50% of their customers will use mobile payments in the next two years.
• Point-of-sale device maker Infinite Peripherals Inc. released a new mobile printer that is compatible with iOS, Android, and Windows mobile devices.
• Conformance Technologies launched two products for the merchant acquiring industry. InConRadar is a Web site scanning service that identifies suspicious commercial activities and business practices. The Payment Security Awareness System helps merchants manage their compliance with the Payment Card Industry Data Security Standard.
• SWIFT, the international payments-messaging service, said it will launch Payments Data Quality, a data-analytics service to help financial institutions meet international requirements for originator and beneficiary information in payments messages.
• In related news, a SWIFT board member, Marcus Treacher, has joined distributed-ledger technology company Ripple as global head of strategic accounts. Treacher formerly was global head of payments innovation at HSBC.
• ACH Alert, a fraud prevention provider, says Venture Bank is using its service to provide consumers with debit transaction approval alerts.
