Saturday , October 19, 2019

Apple Card in Limited Release and other Digital Transactions News briefs from 8/6/19

  • Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.
  • Automated clearing house network administrator Nacha said it is “committed to working cooperatively with the Federal Reserve and The Clearing House as payment systems evolve into the future,” following the Fed’s announcement Monday it will launch a real-time payment service called FedNow that could compete with The Clearing House Payments Co.’s Real-Time Payments service.
  • Sweden-based installment-payment provider Klarna raised $460 million in an equity-funding round to help finance its market expansion in the United States.
  • American Express Co. completed its acquisition of Resy, a digital restaurant reservation booking and management platform. AmEx said it will use Resy to enhance its Membership Rewards program as well as cardholder access to reservations and event tickets, beginning with “Culinary Collaborations” this month.
  • Fidelity National Information Services Inc. (FIS) reported $2.11 billion in revenue for the second quarter, flat year-over-year on a GAAP basis. Worldpay Inc., which became part of FIS on July 31, reported $1.07 billion in revenue for the quarter, up 7% on a GAAP basis.
  • A startup called Radpay introduced SpeedPath, a technology that lets mobile-wallet users make payments in restaurants and other settings where the payment terminal or cash register is remote from the user.
  • Payments-industry veteran Pete Kight joined the board of directors of Bill.com. In 1981, Kight founded CheckFree, now part of Fiserv Inc.

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