Monday , December 9, 2019

InComm in L.A. Transit Retail Expansion and other Digital Transactions New briefs from 8/7/19

  • Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.
  • Associated Bank launched a digital checking account that can be opened and managed entirely from a mobile device. The product includes Zelle peer-to-peer payments, facial and fingerprint authentication, bill pay, and remote deposit capture.
  • Lavu, a provider of mobile point-of-sale gear for restaurants and bars, will integrate receipt printers from Epson America Inc. for its Lavu 4.0 system, Epson said.
  • On Track Innovations Inc., a supplier of contactless card readers for vending and other markets, reported second-quarter revenue of $4.1 million, down 29% year-over-year. It said that in the quarter it delivered 19,000 readers to various markets, including 10,000 to the ATM market.
  • E-commerce platform Verishop Inc. agreed to offer installment-payment options from Affirm Inc.
  • Signifyd, a provider of machine-learning technology, launched Signifyd Seamless SCA, a set of services aimed at helping merchants meet the requirements of the European Payment Services Directive 2.
  • The Western Union Co. said customers in the United Kingdom can send money transfers to more than 200 countries and territories from more than 90 Robert Dyas homeware and garden stores. Last week, Western Union announced it would lay off 10% of its employees to save money.
  • Cardtronics plc said Investor Cash Management Holdings Inc. joined its surcharge-free Allpoint Network that has 55,000 ATMs.
  • The Electronic Transactions Association and The Strawhecker Group released their U.S. Spending Snapshot that found year-over-year consumer spending growth was 5.5% in the first quarter.

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