Novo Dia Group, a developer of point-of-sale software for electronic benefits transfer and other payments, said it has integrated with Square Inc.’s platform and enhanced its main product, Mobile Market, which it has renamed TotalPay.College payment-processing specialist PayMyTuition said it has developed a service that allows colleges and universities to settle cross-border …
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Western Union’s Law-Firm Payment Service and other Digital Transactions News briefs from 3/10/20
The Western Union Co. launched WU Incoming Payments for Legal, a service aimed at allowing U.S. law firms to accept foreign payments without bank-processing fees.Payments provider Usio Inc. said InsureSmith, which provides insurance brokerage software products, integrated Usio’s PayFac-in-a-Box service to enable users to pay premiums directly through the InsureSmith platform.E-commerce services provider Signifyd announced …
Read More »SurchX Sold to InterPrivate and other Digital Transactions News briefs from 3/9/20
Private-equity firm InterPrivate LLC announced the acquisition of SurchX, a payments provider offering surcharging programs. SurchX was renamed InterPayments. Terms were not disclosed.ParTech Inc., a subsidiary of PAR Technology Corp., announced an application programming interface integration with eTouchMenu, a digital-menu provider, and ParTech’s Brink POS software.Priority Payment Systems, a subsidiary of …
Read More »How the Coronavirus Scare Is Leading Some Experts to Look for a Boost in Contactless Payments
The global coronavirus scare has prompted a number of warnings that could end up benefiting electronic payments, particularly contactless transactions. Authorities ranging from the World Health Organization to doctors in local practices have warned this week about the risks of handling paper currency, and some have also cautioned against touching …
Read More »Perk Adds Alipay Support and other Digital Transactions News briefs from 3/5/20
Perk Labs Inc. announced an agreement with Alipay that will enable Alipay users to make payments on the Perk platform.EVO Payments Inc. said it will offer the Nexgo Inc. N5 Android smart point-of-sale terminal.Certemy Inc., a professional certification and licensing management platform, introduced new payment gateway options, including Stripe Inc., PayPal Holdings Inc., …
Read More »Cardlytics Goes in Reverse as Payments Stocks Join a Broader Market Rebound
In the wake of a weaker-than-expected outlook and a sudden CEO change, share prices for card-linked marketing-services provider Cardlytics Inc. plunged Wednesday even as other payments companies surged with the broader markets that had tanked Tuesday on fears of the coronavirus. As of late morning, Atlanta-based Cardlytics’ stock was going …
Read More »Ant Financial Buys a Stake in Klarna, Lending Impetus to Online Installment Payments
Klarna Bank AB, a leading exemplar of the trend toward offering installment-plan payments online and at the point of sale, has received backing from Ant Financial Services Group in a deal that cements an existing alliance between the two companies and could add considerable propulsive force to Klarna’s relatively new …
Read More »Bluefin Device Encryption Roster Grows and other Digital Transactions News briefs from 3/4/20
Bluefin Payment Systems LLC said several devices were added to its PCI-validated point-to-point encryption listing.Forte Payment Systems, a unit of CSG International Systems Inc., launched BillPay, a billing product that features security enhancements, the ability for users to pay online, via kiosk, or in person, and other enhancements.Installment-payment specialist Splitit Payments Ltd. said …
Read More »With Visa Issuing a Revenue Warning, the Coronavirus Takes a Further Toll on Payments Companies
With some of its payments cohorts already having warned the coronavirus would hurt their businesses, it was no surprise Visa Inc. joined the crowd Monday in forecasting reduced cardholder spending would translate into lower revenues. More signs of growing concern about the impact of the virus, officially named Covid-19, on …
Read More »The Faster Payments Council Seeks a New Executive Director As Kim Ford Steps Down
Kimberly Ford will step down as executive director of the U.S. Faster Payments Council effective May 6 after just 11 months on the job, according to sources. Ford’s resignation was confirmed by an email to members sent Friday and obtained by Digital Transactions News. Applications for the position are being …
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