National Merchants Association Selects Gateway and other Digital Transactions News briefs

Payments provider National Merchants Association announced it is using the PhoeniXGate gateway from Phoenix Managed Networks.
Fleetcor Technologies Inc., a vendor of commercial-payment technology, reported second-quarter results, including a year-over-year increase of 29.5% in total revenue to $541.2 million and GAAP net income of $131 million, up 12.7%.
The Western Union Co. reported second-quarter revenue that was essentially flat year-over-year, at $1.38 billion. Operating income dropped 18% to $214.8 million. Western Union also said it processed 69.9 million consumer-to-consumer transactions in the second quarter, up 3% from a year earlier. Westernunion.com transactions grew 25% while revenues grew 23% on a constant-currency basis.
In related news, Western Union said it accrued $49 million in expenses to resolve a possible enforcement action by the state of New York’s Department of Financial Services stemming from the company’s anti-money-laundering programs from 2004 through 2012.

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