Digital Transactions Authoritative, insightful and timely information for payments professionals
- Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.
- Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its GPS-enabled devices, unjustly benefited from the acquisition of technology used in its Garmin Pay contactless-payment feature.
- Used-car marketplace Shift said a program it introduced in November to allow consumers to buy cars directly online, without a test drive or in-person visit, now accounts for 15% of overall sales.
- Transaction Network Services Inc. completed the certification for the Verifone Managed Network Service Program, enabling the TNSLink service, which is used by convenience and petroleum retailers to connect their stores to applications and secure their payment systems.
- PayMyTuition said Applied Performance Analytics Corp. will integrate PayMyTuition’s payment service into the APA HigherEd Metrics product for higher-education institutions.
- Financial-software vendor BHMI and consultancy Mercator Advisory Group have released a white paper entitled “Chargebacks And Disputes: Strategic Solutions.”
- Digital River Inc. said it raised $50 million in a funding round led by Siris Capital Group LLC; the e-commerce-services provider said it will use the funds for business development and possible acquisitions.
- Prepaid specialist InComm said Roblox, an online-gaming platform, launched a gift card program in France and Germany.
- Mobile-commerce provider CardFree Inc. announced Sen Wen, one of the company’s original executives, has rejoined the firm as chief technology officer.
Related Articles
Check Also
The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs …