Digital Transactions Authoritative, insightful and timely information for payments professionals
- PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across the country over the next 18 months.
- BetMGM, a sports betting and online gaming service, said it selected TAPPP, a prepaid card provider, to make BetMGM gift cards available in convenience store chains and grocery stores in U.S. states that offer legal sports betting.
- Paradigm, a provider of technology for the building industry, is working with payments provider Paya Inc. to launch Paradigm Payments, a payments platform that enables contractors to accept cards and checks in the field or in-store.
- Payments provider Lightspeed Commerce Inc. announced a partnership with data-analytics firm Fobi AI Inc.
- Tuition-payments specialist PayMyTuition said it is working with payments fintech dLocal Ltd. to enable bank transfers from Mexico, Argentina, Peru, and Nigeria and to integrate some 600 payment methods enabled by dLocal’s platform.
- Global Blue, a technology provider to retailers, said it has acquired a 56% stake in United Kingdom-based Yocuda, whose platform enables merchants to generate digital receipts.
- Checkout.com said it is the first United Kingdom licensee partner of card issuer JCB International Co. Ltd. to go live with J/Secure 2.0, JCB’s authentication technology for card-not-present transactions.
- The Western Union Co. said Kyodai Remittance will use Western Union Business Solutions to support cross-border payments for corporate customers, marking the first time WUBS has allied with a Japanese money-transfer provider for business-to-business international transfers.
- In related news, Western Union will launch digital money transfers with Cebuana Lhuillier in the Philippines, allowing recipients to flow a money transfer directly into the eCebuana app on either an iOS or Android device.
- Some 33.8 billion digital tickets will be generated in 2023, up from 20.8 billion this year and surpassing pre-Covid totals, according to a report from Juniper Research. A recovery in travel spending combined with a comeback for events tickets will spur the recovery, while contactless ticketing will increase from 10% of transactions in 2019 to 23% by 2026.
- Cryptocurrency exchange Crypto.com has hired former Visa Inc. executive Patrick Yoon as general manager for South Korea, according to Coindesk.com.
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