Digital Transactions Authoritative, insightful and timely information for payments professionals
- Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine.
- Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices.
- Payments provider Century Business Solutions announced EMV chip card compatibility for all versions of its software integrations for Acumatica, SAP Business One, and Microsoft Dynamics GP applications.
- Square Inc. said its Square Cash service now supports direct deposits of payroll checks.
- Mobile-imaging software developer Mitek Systems Inc. said its Mobile Deposit application has processed more than 2 billion check deposits worth $1.5 trillion since its 2008 launch. More than 6,100 financial institutions and 80 million consumers use Mobile Deposit, Mitek said.
- Shares of merchant processor Net Element Inc. surged 72% Thursday on news that investor and CNBC host Jon Najarian had joined its board of directors, according to reports in the financial press. The stock fell about 8% in late-morning trading Friday. Net Element’s shares jumped more than 200% in December on news that it had created a blockchain unit, but they have gradually slipped since then.
- Medici Ventures, the venture-capital unit of online-retailing giant Overstock.com Inc., has invested $3 million in a blockchain-based payments startup called Bitt, according to Coindesk.com. The deal follows a $4 million infusion by Medici in the Barbados-based company in 2016.
- China, home of payments giants Alibaba Group Holdings Ltd. and Tencent Holdings Ltd., is investigating digital forms of money as an eventual replacement for cash, according to Zhou Xiaochuan, governor of People’s Bank of China, as reported by Bloomberg. His remarks came after the government’s crackdown on cryptocurrency, including the shutdown last year of major Bitcoin exchanges.
Related Articles
Check Also
A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees
Members of the Senate Judiciary Committee told representatives of Visa Inc., Mastercard Inc., and the …