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Flywire Notes Processing Volume and other Digital Transactions News briefs
July 13, 2017

• Flywire Corp., a processor specializing in education payments and other cross-border transactions, said it notched "record results" over the past year in payments processed and students and institutions served. Among other results, the company said it added 300 schools, bringing its total to more than 1,300.

REcoin, an emerging cryptocurrency intended as a payment method for real estate transactions, announced an initial coin offering starting Aug. 7.

The Papa John's pizza chain said it is now offering the ability to order a pizza by tapping a "Start Order" button on its national Facebook page. To promote the button, the chain is offering a 25% discount off menu prices.

Business-services provider KUBRA joined the PCI Security Standards Council as a participating organization.

Independent sales organization TransMerit Merchant Services said it is selling the Poynt point-of-sale terminal.

Transport for London has reached the 1 billion mark in contactless card and mobile payments on its transit system. The electronic-payment option, introduced in 2012, uses technology from Cubic Corp.'s Cubic Transportation Systems.

Processor Total System Services Inc. (TSYS) said it has extended a multiyear commercial-payments agreement with Germany's Degussa Bank.

Spire Payments Holdings S.a.r.l. announced it named T.K. Cheung as president. Chief among his tasks is to oversee the company's "aggressive expansion" into North America, Latin America, and Southeast Asia.

Modo Payments, whose technology focuses on enabling interoperability between payments systems, appointed Matthew Leavenworth to its staff. Leavenworth is a former Bank of America and Amazon.com executive.

The Merchant Risk Council announced its new board of directors and advisory board members.


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