Friday , November 15, 2024

Search Results for: digital payments

Overstock-Backed Blockchain Firm To Power Multi-National Caribbean Digital Currency

American vacationers flock every year to the scenic islands of the Caribbean, and some day they might be using a digital version of the East Caribbean dollar to pay for a Rum Punch or Ting With a Sting. The Eastern Caribbean Central Bank, the monetary authority for the eight-country Eastern …

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PayActiv Enlists Visa Direct and other Digital Transactions News briefs from 3/7/19

PayActiv Inc. will use the Visa Direct platform from Visa Inc. to offer real-time deposits of earned funds to its clients’ employees. The funds can be loaded onto a Visa debit or reloadable prepaid card. PayActiv also launched its own Visa-branded general-purpose reloadable prepaid card. Testing lab Q-Card Co. said …

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Payroc Buys POS Tech Developer and other Digital Transactions News briefs from 3/6/19

Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …

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Fleetcor To Buy Nvoicepay and other Digital Transactions News briefs from 3/5/19

Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …

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i3 Verticals’ $20 Million Acquisitions and other Digital Transactions News briefs from 3/4/19

Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …

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Accenture Invests in P97 Networks and other Digital Transactions News briefs from 3/1/19

Business-services firm Accenture invested in and formed an alliance with P97 Networks Inc., a cloud-based mobile-commerce firm specializing in automotive. As part of the agreement, Accenture will develop products from P97 for its clients. P97’s PetroZone service is installed at more than 20,000 U.S. filling stations. Terms of the investment …

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Kroger Takes the Proprietary Route in Mobile Payments

Grocery-store giant The Kroger Co. is joining the ranks of retailers with a proprietary mobile-payments service, and adding a debit card to boot. Cincinnati-based Kroger, which has 2,800 stores under numerous banners, last month unveiled Kroger Pay and its accompanying Kroger Rewards debit card. Kroger Pay, available for iOS and …

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NetCents Technology Signs ISO Agreement and other Digital Transactions News briefs from 2/28/19

NetCents Technology Inc. said it signed a 5-year reseller agreement with an undisclosed independent sales organization. The ISO will bundle NetCents’ gateway and cryptocurrency acceptance into its offerings. The Electronic Transactions Association and Worldpay are bringing 10 startup companies to the ETA’s annual Transact conference. The 10 companies, part of …

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Square Posts Strong Growth for Cash App, Its Entry in the Hot P2P Payments Market

Square Inc. is rapidly growing into a heavyweight player in the hard-fought market for peer-to-peer payments. The San Francisco-based company had 15 million active users in December for its P2P product, Cash App, a number that doubled from December 2017, the San Francisco-based company disclosed on Wednesday. That’s still well …

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CannaTrac Releases Developer Tool and other Digital Transactions News briefs from 2/27/19

CannaTrac, a cashless mobile-payment service for the cannabis industry, released an application programming interface for point-of-sale software developers. JPMorgan Chase & Co. CEO Jamie Dimon told investors the bank’s JPM Coin, a blockchain-based token now in test for intrabank corporate payments, one day could be offered to consumers, Bloomberg reported. …

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Digital Transactions