Wednesday , March 21, 2018

Food Distributor Selects FTNI and other Digital Transactions News briefs from 3/12/18

  • VeriFone Systems Inc. introduced its Carbon Mobile 5, a point-of-sale device that fits in the palm of the hand and can run payment, loyalty, and inventory-management applications on the Android operating system.
  • Financial Transmission Network Inc. (FTNI) said Merchants Foodservice, which FTNI says is the 12th-largest U.S. food-service distributor, will use FTNI’s ETran Integrated Receivables platform that supports various payment services.
  • MetaBank, a unit of Meta Financial Group Inc., renewed for 10 years an agreement with Money Network Financial LLC, a unit of First Data Corp. The two companies have collaborated since 2005 on a variety of prepaid programs. Most notable among the Money Network programs supported by MetaBank is the Money Network Electronic Payment Delivery Service, which allows employers to pay workers electronically.
  • Diebold Nixdorf introduced AllConnect Services, an ATM-management service that relies on an Internet-of-Things platform to manage ATM fleets on behalf of deployers.
  • Mastercard Inc. has completed an acquisition of Oltio, a South Africa-based startup specializing in mobile-payments authentication. The valuation was not announced.

Check Also

PayPal To Discontinue Its Pay After Delivery Service for U.S. Buyers

PayPal Holdings Inc.’s Pay After Delivery service will end April 19 for U.S. buyers. San …