Digital Transactions Authoritative, insightful and timely information for payments professionals
- Escalent Inc., an analytics and advisory firm, said it acquired Mercator Advisory Group, adding to its payments advisory portfolio. Escalent acquired Javelin Strategy & Research in 2019. Current Mercator president and chief executive Robert Misasi will help with the transition before leaving these positions.
- MoneyGram International Inc. agreed to pay a civil monetary penalty of $8.25 million to settle a previously disclosed enforcement matter with the New York Department of Financial Services. The company also agreed to assume certain reporting obligations. The NYDFS agreed that MoneyGram has fully cooperated with the agency’s investigation of the matter.
- Digital bill-pay provider doxo said it raised $18.5 million in a Series C round led by Jackson Square Ventures. The company will use the funds to expand its platform and bill-pay provider directory and to make more hires.
- A startup called EVODeFi launched EVODeFi Pay, which allows sellers to bill and receive payments in cryptocurrency.
- FeatherPay, a payment platform for health practices, said dental clinic brush365 will use its service for patient payments.
- A startup called PowerPay is expanding into healthcare financing, adding to its base in the home-improvement market.
- Visa Inc. and the Council for Economic Education announced the launch of FinEd50, a national coalition of nonprofit organizations, community leaders, and corporations designed to improve access to quality financial education for U.S. students.
- Navy Federal Credit Union said it is working with the Cybercrime Support Network to help educate its members about online privacy and data security.
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