Revolution Payments Launches Interchange-Adjustment Service and other Digital Transactions News briefs

Payments provider Revolution Payments announced an interchange-adjustment service for business-to-business and business-to-government credit cards that automatically attaches details to each transaction that qualify the transactions for level 3 interchange rates, which are less than level 1 and level 2 rates for such transactions.
Unattended-payments specialist USA Technologies Inc. announced a partnership with Premier Food Service to upgrade hundreds of its vending machines to USAT’s ePort Connect system that enables payment card and contactless payment acceptance as well as cash. Premier Food Service also upgraded 300 of its Vendors Exchange kiosks to use a customized version of USAT’s More loyalty program.
China’s Ant Financial Services Group is expected to make a third attempt get its proposed $1.2 billion buyout of wire-transfer provider MoneyGram International Inc. approved by a federal committee that monitors acquisitions of U.S. firms by Chinese companies, Bloomberg reported.
Alpha Payments Cloud, which provides software for acquirers and gateways, renamed itself Alpha Fintech.
The Electronic Transactions Association issued a white paper highlighting the many ways the payments trade association’s members are using technology to address the needs of financially underserved consumers.

Digital Transactions Authoritative, insightful and timely information for payments professionals