- The Litecoin Foundation said the Miami Dolphins National Football League team named Litecoin its official cryptocurrency. The digital currency will be accepted for payment for ticket purchases in the team’s 50/50 raffle. Bitcoin also may be used for these ticket purchases.
- Citigroup Inc. reported $93.2 billion in second-quarter purchase volume on its branded North American cards, up 8% year-over-year.
- The United States Conference of Mayors passed a resolution earlier this month against paying ransom when criminals encrypt government data and demand payment for the decryption key. Some 22 ransomware attacks against city, county, or state systems have occurred so far this year, and at least 170 have been staged since 2013, according to the resolution.
- Payment-technology firms HST and YellowPepper said they formed a strategic alliance to expand cashless payments in Latin American and the Caribbean.
- Juniper Research Ltd. released a report on mobile money transfers.
- The Women’s Network in Electronic Transactions (Wnet) appointed Audrey Blackmon, senior vice president at Verrency, Beth Deck, senior vice president of business development at Netspend, and David Leppek, executive payment consultant at Statement IQ, to its board of advisors.
- Private-equity firm Siris Capital Group LLC said David Yates, former president of Mastercard Inc.’s New Payments Platform and executive chairman of Vocalink, joined the company as an executive partner.
With card-based transit payments picking up steam in the United States, a key Mastercard Inc. …