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- Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.
- Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network from The Clearing House Payments Co. In this role, CACU will fund and manage positions in the RTP network’s joint Federal Reserve bank account on behalf of its members.
- Puerto Rico-based payment processor Evertec Inc. completed its acquisition of Medellin, Colombia-based gateway and payment-services provider EGM Engineering Without Borders, commercially known as PlacetoPay. PlacetoPay operates mainly in Colombia and Ecuador.
- Visa Inc. and NovoPayments, a financial-services company, expanded their partnership to enable financial institutions and merchants to use Visa’s services in Latin America and the Caribbean. Visa also made an investment in NovoPayment. The amount was not disclosed.
- Installment-payment provider Splitit said it will offer 36-month installment-payments for so-called smart beds from ReST. The beds rely on sensors to improve sleep.
- PCI Pal, a payments provider for contact centers, said it has been selected by communications-technology vendor Avaya to be a technology partner in the Avaya DevConnect program, which seeks to ensure interoperability with Avaya systems.
- LISNR Inc., a provider of systems that handle payments via sound waves, announced an investment from NTT Docomo Ventures Inc. The sum was not announced.
- Payments-technology provider InComm announced an enhancement for point-of-sale terminals in its InComm Healthcare independent retailer network to accept payments for all health-care products covered under Medicare and Medicaid supplemental benefit and incentives cards.
- Fintech Rapyd Ltd. said Durable Capital Partners LP made its first investment in the firm. Rapyd did not disclose the amount.
- After spending most of November in Africa, Jack Dorsey, CEO of both merchant processor Square Inc. and social network Twitter Inc., plans to spend three to six months on the continent next year, leading to questions of how he’ll manage both publicly traded companies, Bloomberg reported. Twitter especially has been in the spotlight because it’s President Donald Trump’s favorite forum and 2020 is a presidential election year.
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