Wednesday , July 18, 2018

AmEx Anti-Steering Case Moves to Supreme Court and other Digital Transactions News Briefs from 10/16/17

  • The Supreme Court agreed to hear a controversial antitrust case in which American Express Co. is defending its anti-steering rules for merchants against challenges from 11 states led by Ohio, Reuters reported.
  • Payments provider TransCard Payments LLC announced a partnership with ExpenseAnywhere, an accounts-payable software developer.
  • Travel Centers of America LLC has selected a loyalty platform from Paytronix Systems Inc. for its Minit Mart stores.
  • The Bill and Melinda Gates Foundation released an open-source software program for creating payments platforms to aid unbanked individuals across the globe to access digital financial services. The free software is available now.
  • Digital-currency developer Ripple Labs Inc. announced a rebate program for financial institutions that are the first in their markets to process commercial payments on the RippleNet network; the program offers rebates on licensing and integration fees and has a total value of $300 million available in dollars or Ripple’s XRP cryptocurrency.
  • Kyriba Corp., a provider of cloud-treasury and financial-management solutions, launched a module it says can detect and stop payments fraud in real time.

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