Friday , October 19, 2018

First Data Debuts Disbursement Service and other Digital Transactions News briefs

  • Canadian pension-fund manager Caisse de depot et placement du Quebec and private-equity firm Novacap said they would invest in Quebec-based Pivotal Payments, valuing the merchant processor at about C$525 million ($424 million), Pivotal Payments announced.
  • Processor First Data Corp. introduced its “Disburse-to-Debit” service that pushes funds across debit networks so that businesses can make real-time payments to debit cards held by temporary employees, ride-sharing drivers, insurance claimants, refund recipients, and others. The system also works through prepaid services such as First Data’s Money Network.
  • GK Software launched several new features for its transaction-processing system, TransAction+. These include processing on mobile point-of-sale devices, pay-at-table functionality, and support for PINless debit.
  • In an updated investor presentation, The Bancorp Inc., parent company of The Bancorp Bank, said it has issued 99 million prepaid cards.
  • Total System Services Inc. (TSYS) said it signed a multi-year, multi-country deal with Scotiabank to provide issuing and acquiring processing services from its Latin American data center in Brazil.

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