A Processor’s Employees Get Catch-Up Pay and other Digital Transactions News briefs from 7/7/20

Employees of independent sales organization Gravity Payments Inc. who collectively volunteered to take pay cuts during the coronavirus pandemic to avoid layoffs are now being repaid what they sacrificed; the average employee is getting $4,300 in back pay, Yahoo Money reported.
Payment processor Computer Services Inc. reported record quarterly revenue of $70.6 million for its fiscal first quarter ended May 31, up 2.3% year-over-year. Operating income was up 22% to $18.7 million.
Health Smart Financial Services Inc., which does business as PayBright, said it is offering 12 monthly installment payments for fitness equipment when consumers select PayBright at checkout on the Bowflex site.
PayMyTuition, an online tuition-payment service for international students, launched a service allowing educational institutions to charge tuition in installments suited to each student. PayMyTuition is offered by MTFX Group, a provider of technology for foreign exchange and global payments.
Online and mobile bill-pay service doxo launched doxoPLUS, which includes payment-account encryption, identity-theft protection, and other features for $4.99 per month.
Digital payments provider Payrailz appointed Kavita Singh as vice president of AI Product Management; most recently Singh was chief product officer for Credit2B, now part of Billtrust.

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