Discover’s Next Merger Steps and other Digital Transactions News briefs from 11/26/24
Digital Transactions News staff
November 26, 2024
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
- Discover Financial Services said it will file restatements of “certain prior period financial statements” and will “as soon as practicable” after that conduct a special stockholder meeting to vote on the company’s proposed merger with Capital One Corp. The proposed merger was announced early this year.
- Vault, a Canada-based financial platform, has initiated money transfers via the e-Transfer feature offered by Interac, the country’s national payments network.
- Nuvei Corp. will process deposits and payouts for Betly, an online casino and sports-betting platform operated in West Virginia, Arkansas, Tennessee, and Ohio by Delaware North Gaming.
- Affirm Inc. will provide buy now, pay later service to JD Sports, a retailer of sports and outdoor brands.
- Amazon.com Inc. has added the retailer SteveMadden.com to its Buy with Prime service, which allows Amazon Prime members to redeem their benefits at online stores outside Amazon.com.
- Blaze Solutions Inc., a provider of point-of-sale and e-commerce technology to the cannabis industry, will make its services available through an integration with Metrc, a provider of regulatory technology for the same industry.
- Brazilian financial watchdog Cade has ordered Apple Inc. to eliminate its restrictions on payment methods for in-app transactions, following up on a complaint filed in Brazil and Mexico in 2022 by MercadoLibre, an e-commerce processor, and aimed at Apple’s requirement that merchants use the tech company’s payments platform.
- PayPal Holdings Inc. will work with Mollie, a European fintech, to launch payments services for marketplace platforms on that continent.
- The Payments Innovation Alliance, part of Nacha, the regulatory body for the automated clearing house network, published “Let’s Talk Turkey,” a guide to common frauds related to mobile devices.
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