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- Mobile-payment and -loyalty provider LevelUp announced an integration with Gusto Point of Sale, a vendor of Web, kiosk, and mobile technology for restaurants.
- Under a settlement between the Federal Deposit Insurance Corp. and The Bancorp Bank, the prepaid card issuer is to pay a $2 million fine and nearly $1.3 million in restitution to 243,000 cardholders who the FDIC said were charged fees in excess of what the bank disclosed.
- Three activist groups plan to rally at Visa Inc.’s headquarters in Foster City, Calif., today and deliver a petition with more than 100,000 signatures demanding that the card network stop processing transactions for the sale of assault weapons.
- Berlin-based digital-banking platform developer solarisBank AG raised €56.6 million ($70.1 million) in a Series B funding round with participation from two existing investors and four new ones, including Visa.
- Atom Tickets, developer of a mobile app that allows users to order-ahead movie tickets and concessions, raised $60 million in a Series C round led by Fidelity Management & Research Co. The funding comes less than two years after a $50 million Series B round led by major studios Lionsgate, Disney, and Twentieth Century Fox, all of which also participated in the latest round.
- Founded late last year, Unchained Capital said it has received a finance lender license in California and will now offer loans that can be secured by cryptocurrency. The move allows holders of cryptocurrency to convert their holdings to cash without selling them. The company also introduced a so-called multisig wallet for Ethereum smart contracts. The contracts allow more than one party to control the wallet.
- Bestpass Inc. said its consolidated nationwide toll-management and billing service for trucking fleets now includes some 400,000 active transponders, which are processing 200,000 toll transactions daily.
- Former Total Merchant Services executive and acquiring-industry veteran Mike Vaughn has joined payments provider Paya Inc. as chief operating officer.
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