Digital Transactions Authoritative, insightful and timely information for payments professionals
• Imaging applications developer Mitek Systems Inc. said its Mobile Deposit service has processed more than 1 billion check deposits; more than 5,000 U.S. financial institutions and 70 million of their customers use Mobile Deposit.
• Payments company Zooz closed on $24 million in funding that it will use for growth, new product development, entering new markets, and increasing its share in existing markets.
• Royal Bank of Canada said unlimited peer-to-peer payments are now free on its Interac e-Transfer service, using personal checking accounts. Interac, the national electronic funds transfer network in Canada, said its e-Transfer service is growing at a rate of 50% per year.
• Point-of-sale terminal maker Equinox Payments said processor Total System Services Inc. (TSYS) certified its Voyager Lodging application used on the Equinox Apollo payment terminal as EMV compliant.
• Processor and network manager Fiserv Inc. signed an agreement to resell transaction-monitoring and analytics software from Inetco Systems Ltd. to ATM operators and financial institutions. Fiserv also will embed Inetco’s software in its Device Manager product, which manages ATMs, kiosks, and self-service checkouts.
• Only 21% of retailers have a payments program that extends across their various shopping channels, a survey of 100 retailers conducted by PCM Research and ACI Worldwide Inc. found.
• Data-security provider SecurityMetrics released its 2016 Guide to PCI DSS Compliance.
• Merchant-finance company CAN Capital Inc. said it has an exclusive partnership with Entrepreneur Media, publisher of Entrepreneur magazine, that later this year will debut the Entrepreneur Lending service for small-business owners.
• Processor Fidelity National Information Services Inc. (FIS), which bought financial software firm SunGard last November, reported first-quarter revenues of $2.18 billion, up 40% from $1.56 billion in 2015’s first quarter, but net income fell 50% to $55 million on higher operating and interest expenses.
