Digital Transactions Authoritative, insightful and timely information for payments professionals
- MoneyGram International Inc. said its MoneyGram Online digital service had second quarter revenue of $53.3 million, up 13% from $47 million in the same quarter in 2021. Its overall revenue of $329.6 million in the quarter, was up slightly from $329.3 million revenue in the 2021 second quarter. MoneyGram posted a net income of $3.1 million, a reversal of a $11.1 million loss a year ago.
- The payments fintech Green Dot Corp. reported it processed a total of $17.4 billion in consumer and business transactions in the June quarter, more or less flat with the year-ago period. An increase in business-to-business volume compensated in part for a decline in consumer volume.
- The Goldman Sachs Group Inc., issuer of the Apple Card and other cards, said in a U.S. Securities and Exchange Commission filing it is cooperating with the Consumer Financial Protection Bureau’s investigation into its credit card account management practices.
- The Walt Disney Co. reportedly settled an antitrust lawsuit it filed last week against Visa Inc. and Mastercard Inc. over pricing issues for card acceptance, said The Hollywood Reporter. A court document this week disclosed the settlement.
- PayIt, whose platform allows governmental entities to accept digital payments from citizens and residents, closed on a $90-million funding from Macquarie Capital Principal Finance.
- Mastercard Inc. and Binance, a provider of blockchain technology, have launched the Binance Card in a beta test in Argentina. Issued by Credencial Payments, the card will allow Binance users in that country to buy products and pay bills using digital currency holdings.
- Payments-technology provider ACI Worldwide Inc. announced an agreement to modernize the Cardnet digital-payments platform in Japan. Cardnet, known also as Japan Card Network Inc., processes more than 30 billion domestic transactions per year.
- In related news, Amdocs, which provides software and services to communications and media companies, said its Vindicia subscription-management platform will be integrated with ACI’s Speedpay service.
Related Articles
Check Also
Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.
Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a …