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North American Bancard Adds Partner and other Digital Transactions News briefs
June 14, 2017

• Amazon.com Inc. introduced Prime Reload, a service that lets Amazon Prime members earn a 2% reward when they reload their Amazon Gift Card balance with a debit card. The reward is added to the gift card balance. Users must give Amazon their debit card, bank-account, and bank-routing numbers when they sign up.

Mobile-device authentication specialist Payfone said it has been awarded a patent for its technology that detects and warns financial institutions about SIM-swapping, a rapidly growing form of mobile-payments fraud.

Payments provider North American Bancard Holdings Inc. announced the Redfox POS, software designed for restaurants, is available to users of NAB Velocity, the company's payments platform.

Fleet-fueling payments processor Wex Inc. announced a collaboration with GasBuddy, a mobile app that helps consumers track fuel prices. The companies expect to announce later this year how the partnership is working toward a consumer-facing product.

Citigroup Inc.'s Citi Retail Services unit and ExxonMobil Corp. announced what they are calling an "Apply and Buy" feature that lets users of the ExxonMobil Speedpass+ mobile-payments app apply for the ExxonMobil Smart Card credit card directly through the app, allowing them to begin saving on fuel purchases.

Merchant processor iPayment Inc. has agreed to offer funding from business lender RapidAdvance to its more than 140,000 merchant clients.

Sourcepoint, a platform that allows publishers to charge for premium content, launched AltPay, a service that allows consumers to pay for ad-free content.

Encryption provider Bluefin Payment Systems released a case study on point-to-point encryption as used by Two Men and a Truck.

InstaMed, an independent sales organization specializing in health-care payments services, released its 2016 Trends in Healthcare Payments Annual Report that found that 68% of consumers prefer electronic payment methods to pay their medical bills, and 80% of consumers prefer online payment methods to pay their health-plan premiums.

In a ranking of customer satisfaction with bank and credit card mobile apps, J.D. Power found that Capital One, with a score of 870, topped the list among retail banks. The report also found that 69% of consumers used a mobile-payment service in the past 30 days.


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