Tuesday , February 18, 2020

Digital Transactions News staff

MoneyGram Notes Growth and other Digital Transactions News briefs from 1/6/20

MoneyGram International Inc. announced online transactions grew more than 70% year-over-year between Dec. 1 and Dec. 25, a record growth rate for that period. The money-transfer provider, which did not report the actual transaction volume, said 80% of the transactions were initiated on a mobile device.PayPal Holdings Inc. has closed on its …

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eBay Unfazed by Payment Critics and other Digital Transactions New briefs from 1/3/20

An eBay Inc. executive said the online marketplace will not back down on the introduction of its Managed Payments program in the face of criticism from some sellers regarding the program’s costs and policies. The company introduced the new payments program, which relies on gateway services from Adyen N.V., last year after years …

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Lawsuits Filed Over Wawa Data Breach and other Digital Transactions News briefs from 1/2/20

At least six lawsuits seeking class-action status have been filed in U.S. District Court in Philadelphia against Wawa Inc., an 850-location convenience-store chain, in the wake of Wawa’s previously announced data breach. Most recently, the Goldman Scarlato & Penny P.C. law firm said its attorneys are investigating consumer claims concerning the breach. Data stolen …

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Mercado Pago Adds PayPal Checkout Option and other Digital Transactions New briefs from 12/31/19

PayPal Holdings Inc. announced it has signed a commercial agreement with MercadoLibre, a major e-commerce marketplace in Latin America. As part of the deal, PayPal will become a payment choice in the Mercado Pago online checkout for customers in Brazil and Mexico, a move PayPal says could lead to PayPal users getting …

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Everi Makes $25 Million Acquisition and other Digital Transactions News briefs from 12/30/19

Everi Holdings Inc., a provider of payment processing, slot machines, and various services to the gaming industry, said its Everi Payments subsidiary bought $25 million in “strategic assets” from Micro Gaming Technologies Inc., a privately held provider of loyalty and marketing products and promotional tools and apps for casinos. Under …

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Amazon’s Record Holiday Season and other Digital Transactions News briefs from 12/27/19

E-commerce leader Amazon.com Inc. said the 2019 holiday shopping season was a record-breaker for the company, with “billions of items ordered,” including “tens of millions” of Amazon devices. The company didn’t disclose payment volumes.Following a 79% collapse last year, the cryptocurrency market rebounded in 2019 to a total value of $192.3 billion, up 58%, …

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Citcon Prevails in Source Code Lawsuit and other Digital Transactions News briefs from 12/26/19

Citcon USA LLC said it prevailed in a lawsuit against Canada-based RiverPay Inc. over allegations of misappropriation of source code trade secrets. Citcon, which helps North American merchants integrate Chinese mobile wallet acceptance, sued RiverPay in 2018 in the U.S. District Court for the Northern District of California because it said RiverPay …

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OTI Raises $2.5 Million and other Digital Transactions News briefs from 12/24/19

On Track Innovations Ltd., a provider of payments technology based on near-field communication, announced it raised $2.5 million in a private placement of shares.Digital-banking and payments-processing technology provider i2c Inc. launched a mobile app and cardholder Web site it says are designed to help persons who have color-blindness conduct digital banking.TriumphPay, a …

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Fleetcor Contests FTC Lawsuit and other Digital Transactions News briefs from 12/23/19

Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of …

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InComm’s Vanilla Visa Debuts in Mexico and other Digital Transactions News briefs from 12/20/19

InComm, a provider of payments processing for the prepaid market, launched its Vanilla Visa prepaid and gift cards in Mexico.Levelset, a payments provider for the construction industry, announced a $30-million funding round led by Horizons Ventures.Butterfly Network Inc., provider of a handheld ultrasound application for mobile devices, said its technology …

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