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- Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world.
- Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to offer new payment services, starting with the launch of a technology offering called ServiceNow Disputes Management, Built with Visa.
- Jack Henry & Associates Inc. released Banno Business, a service for community and regional financial institutions to offer banking services, such as cash management, payments, and commercial lending, to small and mid-size businesses.
- Drake Software LLC, a specialist in tax-preparation technology, launched Drake Pay, a contactless-payment service aimed at tax preparers and based on LaunchPay, a software offering from Infinicept.
- Lightspeed Commerce Inc. has launched its Lightspeed Tableside device in the U.S. market. The device allows restaurant servers to process orders as given at the customer’s table.
- Instant Financial, an earned-wage payments platform, said it processed more than $1 billion in wages across more than 52 million transactions in 2023. The company said the performance indicates increasing demand for fee-free employee pay options and rising momentum for earned wage access.
- The digital banking platform Bluevine said it will work with the ATM network Allpoint to offer cash-deposit access to its customers through 1,500 Allpoint ATMs. The deal brings to more than 128,000 the number of ATMs and merchant locations where Bluevine says it can offer cash-deposit services through links to Allpoint, Green Dot, and MoneyPass.
- Payment card manufacturer CPI Card Group Inc. appointed John Lowe to succeed retiring president and chief executive Scott Scheirman. Lowe has been at the company since 2018, most recently as an executive vice president, and has prior experience at Square Two Financial and Deloitte. Scheirman announced in June his intention to retire this year.
- Bilt Rewards, a rewards platform tied to rent payments, raised $200 million in an equity round led by General Catalyst that values the company at $3.1 billion. Ken Chenault, chairman of General Catalyst and former chairman and chief executive of American Express Co., joined Bilt’s board as chairman.
- BlinkSky, a digital card platform, has exited stealth mode following a $1.5 million initial private funding round.
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