Digital Transactions Authoritative, insightful and timely information for payments professionals
• RYDE Technologies Inc. launched an overhauled version of its ride-hailing app RYDE, first launched last year to compete with Uber and Lyft. As with other such apps, RYDE processes payments in the background against a stored card, summons taxicabs and black cars rather than private vehicles.
• The Bancorp Inc., owner of The Bancorp Bank, a major prepaid card issuer, said prepaid card fee income increased 7% year over year in the third quarter to $12.2 million; gross dollar volume on the bank’s prepaid and debit cards increased 10.5% to $10.5 billion.
• System Innovators, a provider of revenue-management systems, and payment-solutions vendor ACCEO Solutions introduced iNovah EMV Direct, an EMV-certified semi-integrated point-of-sale middleware solution for government agencies.
• Payments provider Paysafe announced an EMV-ready mobile point-of-sale service, created with POS developer Handpoint, is available in Canada, the United States, and Europe.
• TableSafe Corp., which makes the RAIL pay-at-the-table payments platform, appointed George Overholser and William Ruckelshaus to its board of directors. Overholser was a founding management member of Capital One Inc., and Ruckelshaus had been chief executive of Blucora, TableSafe said.
• WEX Inc., a vendor of corporate-payment software, launched the MyCopilot app to allow pilots and other aviation professionals to pay for fuel and other items via a virtual MasterCard account. The app was codeveloped with MyFlightSolutions, a vendor of aviation software.
• Payments provider Payment Data Systems Inc. announced its digital card platform is now open to third-party businesses and developers.
• ARC, the research unit of digital-experience testing company Applause App Quality Inc., said its recent research found the Chase Mobile banking and payments app rated highest among consumers.
