Digital Transactions Authoritative, insightful and timely information for payments professionals
• American Express Co. is testing a mobile-payment service built on its Serve platform with the NBA's Brooklyn Nets and their home arena, the Barclays Center. The Brooklyn eWallet is part of the Nets' mobile app for iOS and Android smart phones; fans can store up to 10 payment cards in it and tap its purchase feature to open a QR code scanner to pay for food and drinks at the arena.
• The Consumer Financial Protection Bureau will hold a field hearing Thursday in Wilmington, Del., to get comments about prepaid cards; the CFPB is expected to propose limits on overdraft charges linked to prepaid accounts and require more fee disclosures from providers, according to Bloomberg.
• Point-of-sale and mobile payments company Net Element Inc. has released Aptito 2.0, an updated version of its cloud-based POS technology for the hospitality industry.
• Vending machine display company VendScreen says its touchscreen devices now are compatible with Apple Pay.
• Payment processor Worldpay bought SecureNet Payment Systems, an independent sales organization with more than 17,000 merchants in its portfolio, for an undisclosed amount. SecureNet provides analytics alongside payments services.
• DeviceFidelity Inc., which made a name for itself in mobile payments with, among other technologies, devices that allowed iPhones to conduct near-field communication (NFC) transactions, has been acquired by Kili Technology Corp., a Canadian developer of payment-processing solutions; terms were not announced.
• Square Inc. is making its chip-card reader available for order, though deliveries won't happen until 2015. Announced in July, the reader sells for $29 for smart phones and tablets and $39 as an accessory to Square Stand. The reader accepts signature-and-PIN and magnetic-stripe payment cards. Square said it has sold 9 million card readers since the company's launch five years ago.
• Payment technology provider ACI Worldwide Inc. will provide bill-payment and online-banking services to the 290,000-member Space Coast Credit Union, one of the nation's 50 largest credit unions.
