Friday , November 15, 2019

An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19

  • The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from requiring industries to use or locate computing facilities in their territory as a condition for conducting business, the ETA said.
  • Payment processor Nuvei Technologies plans to buy Britain’s SafeCharge International Group Ltd. in an all-cash deal valued at $889 million, Reuters reported. Nuvei formerly was known as Pivotal Payments but rebranded itself last October.
  • VersiTech LLC, a vendor of point-of-sale hardware and software for restaurants, said it is expanding its market coverage to the East Coast.
  • Facebook Inc. is planning to launch a digital currency, tentatively known as GlobalCoin, in roughly 12 countries by the first quarter of next year, according to a BBC report. The huge social network is already talking to select online merchants about accepting the cryptocurrency, the news service reported.
  • Eric Swalwell, a Democrat presidential candidate, announced his campaign is accepting donations in a variety of cryptocurrencies, including Bitcoin and Bitcoin Cash, via an agreement with The White Co., a blockchain-technology firm.
  • A survey earlier this month by Discover Financial Services found that more Americans plan to take vacations this year than said so last year (71% to 58%), but most say the trips will be short.
  • Mastercard Inc. said it has become a sponsor of champion tennis player Naomi Osaka.

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