- The Electronic Transactions Association joined with more than 100 other groups spanning a variety of industries in signing a letter to the House Ways and Means Committee expressing concern about tariffs proposed by the Trump Administration on Chinese imports. The ETA’s concern is that a proposed tariff on cash registers could hurt domestic players by imposing a 25% tax on point-of-sale terminals imported from China.
- Coinstar, operator of a network of nearly 20,000 coin-counting kiosks, announced an alliance with Web- and mobile-based bill-payment provider doxo to allow consumers to pay bills in cash at Coinstar machines in high-traffic retail locations. More than 7,000 kiosks are expected to be live on the service by year’s end. Doxo’s directory includes more than 45,000 national and local billers.
- The Pennsylvania Lottery said it has added debit and mobile-payment options for its games. In the past year, the lottery added PIN-debit pads to many of its self-serve machines and to countertops. More than 2,100 sales counters and 400 touchscreen-vending units have the equipment.
- NetCents Technology Inc., an online payments provider, launched its Instant Settlement service that offers merchants fast settlement for their cryptocurrency transactions, including Bitcoin, Ethereum, Litecoin, and the NetCents coin. NetCents said it expects to add additional digital currencies.
- Bank of the West, a unit of BNP Paribas, will use Total System Services Inc.’s (TSYS’s) commercial card core processing platform under a new long-term agreement.
- A South African startup called Vio Digital has launched an app that allows users to transfer funds cross-border using tokens and blockchain technology. Available on the Google Play store, the app is set to go live next month beginning in Ghana, Kenya, Nigeria, and Cameroon.
- PayQwick, a payments provider to the legal cannabis industry, named Albert Acevedo as its chief financial officer. Acevedo previously worked at PayPal Holdings Inc. and at Blackhawk Network Holdings Inc.
- The former Vantiv Inc., now Worldpay Inc., gave CEO Charles Drucker an 18% raise to $11.2 million in 2017, the Cincinnati Business Courier reported.
With the economy still humming along, three of the nation’s biggest banks on Friday reported …