Wednesday , December 12, 2018

Glance Inks Cash Advance Referral Deal and other Digital Transactions News briefs from 12/6/18

  • OnDeck Capital Inc. said it will combine its Canadian lending operations with Evolocity Financial Group, a Montreal-based online small-business lender. The combined entity will be branded OnDeck Canada. Terms were not disclosed.
  • Mobile-payments specialist Glance Technologies Inc. announced a referral agreement for cash advances with Merchant Advance Capital L.P.
  • Hackers behind a massive data breach at hotel group Marriott International Inc. left clues suggesting they were working for a Chinese government intelligence-gathering operation, according to unnamed sources cited by Reuters.
  • The Canadian operation of 1-800-Flowers reported to California’s attorney general that malware on its Web site captured payment card data for four years beginning in August 2014; the number of cards compromised wasn’t disclosed.
  • Co-Op Financial Services said 27.5% of credit card transactions processed by the credit-union service organization in the period from Thanksgiving to the following Monday were online, compared with 25% in 2017. Online debit card transactions increased to 16.6% of total debit card transactions from 14.8%.
  • Elavon, the merchant-acquiring unit of U.S. Bancorp, announced a three-year financial commitment to support financial and payments technologies innovation at the Advanced Technology Development Center at the Georgia Institute of Technology.
  • Payments provider Fattmerchant expanded its Orlando, Fla., headquarters to accommodate additional staff.
  • CORRECTION: An item in our “In Other News” section on Wednesday misspelled the surname of Brad Paterson, who has been named chief operating officer of Womply. Digital Transactions News regrets the error.

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