Saturday , November 9, 2024

Pivotal Payments Licenses Tango Platform and other Digital Transactions News briefs

U.S. senators from Colorado, Washington, and Oregon, three states where recreational marijuana use is legal, asked the various federal bank and credit-union regulatory agencies to develop joint guidance for how financial institutions could serve legal cannabis businesses; marijuana use remains illegal under federal law, meaning that many marijuana merchants in those states can’t get conventional banking and payment card acceptance services.

 

Merchant processor Pivotal Payments has licensed the Tango acquiring platform from Lusis Payments, a developer of payments software. Pivotal serves more than 90,000 merchants.

 

Earthport Plc, a U.K.-based payment network, said Euronet Worldwide Inc.’s Ria money-transfer service will get access to more than 60 domestic clearing services through a newly announced relationship with Earthport.

 

Merchant processor North American Bancard now offers merchant-related data services from Womply Inc. to its merchants.

 

U.S. and Canadian iPad point-of-sale provider TouchBistro has integrated with mobile-payments provider iZettle, which operates in Europe and Latin America.

 

Merchant financing company CAN Capital Inc. says it has surpassed $6 billion in cumulative financing to merchants since the company’s founding in 1998.

 

iATS Payments, a specialist in payments for nonprofits, appointed Andrew Mosawi as president, succeeding founder Tom Epplett, who is retiring this year.

 

Jordan Cohen, formerly president of Global Payments Canada, has joined Canadian cloud-payments startup Dream Payments as chief commercial officer in a move that included several other executive appointments by the company, which specializes in mobile merchant services for acquirers and banks.

 

Payscout Inc. named Dan Gardner, a former executive at money-transfer firm Transfast, as chief financial officer.

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