Digital Transactions Authoritative, insightful and timely information for payments professionals
• For its second quarter ended June 30, MoneyGram International Inc. reported transactions on its digital money transfer service grew 9% and accounted for 15% of all money-transfer transactions handled by the company. Revenue for the service increased 17% and accounted for 13% of overall money-transfer revenue.
• Because of factors like rising payments fraud, the shift to biometric technologies such as fingerprint, voice, and facial recognition is “occurring faster than initially anticipated,” reported ABI Research, which forecasts global revenue for biometric banking technology will exceed $4 billion by 2021.
• Payments provider National Merchants Association named Brian Berkenbile vice president of sales and customer service. Berkenbile received the Eletronic Transactions Association Certified Payments Professional certification in 2015.
• Payments technology vendor MagTek Inc. launched its Vendor Integration Partner program to help software vendors, system integrators, and hardware resellers incorporate MagTek technology into their services.
• Payments consultancy Mercator Advisory Group Inc. released a report titled “The Outlook for Commercial Mobile Payments.”
