Tuesday , October 23, 2018

USA Technologies Could Be Delisted and other Digital Transactions News briefs from 10/9/18

  • Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need for developers to use third parties.
  • Publicly traded vending machine payments provider USA Technologies Inc. said it received a notice from The NASDAQ Stock Market LLC that it is in non-compliance with the exchange’s listing rules for failure to file its annual report with the Securities and Exchange Commission on time. USAT, which attributes the delay to an internal investigation involving certain contracts, has until Nov. 1 to submit a compliance plan to the NASDAQ.
  • Payments provider QualPay announced it extended its services to several new markets, including utilities and nonprofits.
  • Among other enhancements, Nordis Technologies added more payment methods, including PayPal, AmazonPay, and its own ExpressoWallet, to its ExpressoPay electronic bill-presentment and payments platform.
  • Payments-technology provider P97 Networks Inc. launched P97 Digital Offer Network, which is aimed at helping consumer packaged-goods companies send offers to convenience-store and fuel-retailer consumer apps.
  • ControlScan Inc. said it will provide various data-security services to agricultural co-operative Growmark Inc. under an expanded contract.
  • Citing Bitcoin’s failure to appreciate despite the weakness of fiat currencies, political uncertainty internationally, and trade disputes, Juniper Research concludes the cryptocurrency is “a bubble…[an]d there is a strong possibility that this bubble could burst in the near future.”
  • TPG, a global-alternative asset firm, invested an undisclosed sum in payments provider FreedomPay.

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