Digital Transactions Authoritative, insightful and timely information for payments professionals
• Processors Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree, and Priority Commercial Payments have become the first companies to receive approval from Visa Inc.’s Visa Ready for Business Solutions program, which helps technology companies integrate with Visa’s business-to-business payments services.
• In related news, Visa announced it will be equipping the stadiums hosting the FIFA Confederations Cup 2017 with advanced payment capabilities, including 1,600 point-of-sale terminals and 120 mobile concessionaires, as well as payment bands and payment rings equipped with near-field communication. The soccer tournament is scheduled to be held in four venues in Russia June 17-July 2.
• Control Channel Merchants LLC, which operates more than 80 stores under the Dirt Cheap, Treasure Hunt, and Dirt Cheap Building Supplies brands, upgraded its point-of-sale system, which includes an Ingenico Group iSC Touch 250 POS terminal and semi-integrated software from SLIM CD Inc.
• WorldRemit, a digital remittance service, has enabled Android Pay for mobile transfers.
• Boost Payment Solutions Inc., a startup focused on business-to-business payments, closed a round of funding from Mosaik Partners. The funding total was not disclosed.
• The Old No 77 Hotel and Chandlery in New Orleans said one of its front desk point-of-sale computers was breached between July 12, 2016, and August 4, 2016. Captured data included cardholder names, account numbers, expiration dates, and internal verification codes. The hotel said its Web site was not affected. Old No 77 said it notified law enforcement of the breach on May 3.
• Modo, a startup focused on interoperability between payments systems, appointed legendary credit card executive Dee Hock to its board of advisors. Hock is credited as the driving force in founding Visa in 1970, serving as the network’s chief executive until 1984. In 2015, he joined the advisory board of Bitcoin startup Xapo GmbH.
• Payments provider Singular Payments LLC named Ben Kauder as its chief product officer. Kauder previously was a channel development manager at Vantiv Inc., focusing on payment facilitators and integrated payments.
