Saturday , October 19, 2019

FitBit Pay Can Tap for Transit Payments and other Digital Transactions News briefs from 5/29/19

  • Fitbit Inc. said its smart watches and trackers with Fitbit Pay can be used to pay for transportation on seven major transit systems globally, as well as on the contactless OMNY system set for launch May 31 by the Metropolitan Transportation Authority in New York City.
  • Multiple law firms are soliciting Total System Services Inc. (TSYS) investors about possible litigation over the sale price of TSYS to Global Payments Inc. The two processors announced a $21.5 billion all-stock deal Tuesday that will see TSYS shareholders receive 0.8101 Global Payments share for each share of TSYS common stock. At least three firms, Halper Sadeh LLP, Rigrodsky & Long PA, and Levi & Korsinsky LLP, have issued press releases.
  • TipTapGo, a tipping app that enables consumers to tip service workers without using cash, joined Stripe’s Partner Program.
  • Corporate-payments provider Comdata Inc. introduced its Fintwist payroll-disbursement product that includes a mobile app and Mastercard prepaid card issued by Regions Bank, and doesn’t require employees to have a bank account. Bill-payment and person-to-person payment features will be added to Fintwist soon, says Comdata, a subsidiary of Fleetcor Technologies Inc.
  • The global gig economy generated $204 billion in gross volume in 2018, according to a recent study by Mastercard Inc. and Kaiser Associates. Mastercard estimates the gig economy’s value will more than double to $455 billion by 2023.
  • Paul R. Garcia, former chief executive at Global Payments Inc., has been nominated to the Repay Holdings Corp. board of directors.
  • ZipLine Inc. named Jim Schwab vice president of sales engineering. Schwab previously worked at Outsite Networks, where he led the company’s loyalty and mobile products for the convenience-store industry.
  • The Western Union Co. expanded its digital-payments capability in Asia with the launch of online international money transfers in Thailand.

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