Wednesday , April 24, 2019

Details on Apple/Goldman Card? And other Digital Transactions News briefs from 3/25/19

  • Apple Inc. on Monday is expected to make several major announcements, possibly including one regarding a credit card it is reportedly developing with Goldman Sachs Group Inc. that would work with the iPhone and Apple Pay, according to news services. Apple’s iOS 12.2 update will integrate a new wallet app that could accommodate the Goldman card, which will include a virtual-rewards function and a tracking system so users can remain current with payments, according to Bloomberg. Digital Transactions News first reported about Apple’s talks with Goldman nearly a year ago.
  • A federal budget introduced last week in Canada included a proposal to introduce new rules that would require payment providers to set up risk-management regimes and ensure protection of users’ funds against losses. The proposal comes as the Canadian government is looking to regulate consumer payment providers more closely.
  • Nearly a year after acquiring e-commerce technology provider Weebly Inc. for $325 million in cash and stock, Square Inc. integrated its Online Store service with the Weebly platform. The integration is aimed at allowing Square’s physical merchants to more easily plug into Online Store for e-commerce transactions.
  • Cardtronics plc said the 119,000-member Eglin Federal Credit Union has joined its Allpoint surcharge-free ATM network.
  • Google Pay will be enabled for transit-ticket payments beginning Thursday in Victoria, a state in southeastern Australia.
  • ATM deployer Paramount Management Group debuted its cryptocurrency program that includes the placement of 45 crypto ATMs in Chicago and Virginia.
  • EVO Payments Inc. said it will provide payments services to users of eHopper, a point-of-sale software developer.
  • Jolly Technologies Inc., provider of the Eventleaf event-management service, added a direct integration with the PayPal Holdings Inc. card reader in its Check-in App.
  • FreedomPay Inc. released the “Personalization and Digital Identity: The Keys to Unlock Loyalty” report about customer loyalty.
  • Fleet-fueling and corporate-payments provider WEX Inc. said it will buy the fuel card business of EG Group, a Europe-based fuel-station and convenience-store operator.

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