Wednesday , June 26, 2019

Square Launches Card for Merchants and other Digital Transactions News briefs from 1/18/19

  • Square Inc. introduced its Square Card for its merchants, a Mastercard-branded business prepaid card issued by Sutton Bank that makes funds in the seller’s Square account available instantly for purchases. Holders of the no-fee dual-interface card get a 2.75% discount when they make purchases at other Square sellers’ locations.
  • Fit Pay Inc., a unit of Nxt-ID Inc., said SwatchPay, a contactless payment service available on four Swatch watches, uses its token requester management platform. Fit Pay already provides its token requester management platform for smart watches from Garmin International Inc.
  • Point-of-sale equipment maker Castles Technology International Corp. said that JR’s POS Depot will distribute its devices.
  • The Secure Technology Alliance released a white paper on transit called “Multimodal Payments Convergence-Part Two: Challenges and Opportunities for Implementation.
  • PayPal Holdings Inc. named Deborah M. Messemer to its board of directors. Messemer most recently was a managing partner for KPMG’s Bay Area and Northwest region. The appointment increases the number of PayPal board members to 12.

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