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- Restaurant point-of-sale technology provider Toast Inc. has signed an agreement with Marriott International Inc. to make its Toast for Hotel Restaurants product available in the hotelier’s Select service hotels in the United States and Canada.
- A report from Mastercard Inc. indicates the proportion of cash-only customers in Latin America has dropped from 45% three years ago to 21% now. The survey, conducted from November to January, canvassed 2,815 persons in Argentina, Brazil, Colombia, El Salvador, Guatemala, Mexico, and Peru, as well as 25 financial-service providers.
- Fleetcor Technologies Inc. announced it received a court order requiring the company’s U.S. fuel card business to initiate a set of disclosure practices, including disclosures of new fees. Fleetcor said it intends to comply and has already implemented several disclosure policies. Its added compliance with the order will not have a material impact on its financial performance, the company said.
- Nocnoc, a startup specializing in processing e-commerce transactions between global sellers, on the one hand, and buyers in Latin America, on the other, announced a $14-million Series A funding round led by PayPal Ventures.
- Fingerprint Cards AB, a developer of biometric technology to combat payments fraud, said it has been chosen as the first biometrics company to join the World Economic Forum’s New Champions Community, a group of mid-size emerging-technologies companies.
- Lightico, a provider of platforms that allow companies to collect documents and payments and authenticate customers, announced it has acquired Vizolution, a European provider of customer-experience technology. Terms were not announced.
- Payments-technology provider Repay Holdings Corp. introduced ClickToPay for AccountMate, a payments platform allowing AccountMate users to get paid more quickly via cards or automated clearing house. AccountMate develops accounting software for businesses.
- Payments provider Nuvei Corp. appointed Laura Miller chief revenue officer and global head of e-commerce. A former American Express executive, Miller most recently was president of JPMorgan Merchant Services.
- Payments platform Paysend named Yuri Biondo chief financial officer. Biondo formerly served in executive roles at Visa, American Express, and Ernst & Young.
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