Friday , March 29, 2024

Apple Objects to App Store Payment Changes and other Digital Transactions News briefs from 11/1/21

  • Apple Inc. filed an objection to a September U.S. District Court ruling that it says hinders the computing giant’s ability to restrict developers on its App Store to Apple’s own payment system. The ruling upheld Apple’s requirement that developers use its payment system within the App Store but said Apple must allow references to outside payment methods.
  • R1 RCM Inc. announced its VisitPay medical-payments app reached an agreement to provide services to patients at Memorial Sloan Kettering Cancer Center. R1 acquired VisitPay in July for approximately $300 million in cash.
  • Expense-management app provider Expensify Inc. launched its initial public offering with 9.7 million shares expected to be priced between $23 and $25 per share. The stock will trade under the ticker symbol EXFY.
  • New York Digital Investment Group LLC, known as NYDIG, announced it has acquired Bottlepay Ltd., creator of a real-time payments application based on Bitcoin. Terms were not disclosed. NYDIG manages technology, asset management, derivatives, and other functions related to Bitcoin for financial institutions and other clients.
  • Paysafe Ltd. announced it has closed on its acquisition of the 10-year-old German payments-technology firm viafintech. Terms of the all-cash deal, which was announced in August, were not announced.
  • Tassat Group Inc. released a new generation of its blockchain payments platform, TassatPay. Banks use platform, which so far has processed more than $200 billion in real-time payments, to issue stablecoins called DigitalDollars.
  • ModMed, whose PocketPatient app allows patients to pay medical copays and enable other features, is targeting plastic surgeons. ModMed says the app was downloaded more than 100,000 times in the first month after its April 2020 launch.
  • HotelKey, a provider of cloud payments and property-management technology for the lodging industry, announced it now has more than 2,500 hotels on its platform. Brands include Motel 6 and Extended Stay America.
  • ParkMobile LLC, a provider of a mobile app for parking payments and related functions, said its services will expand in the city of Redondo Beach, Calif., beyond the nearly 5,000 spaces it now covers. The company has more than 28 million users in North America, including more than 2.5 million in California.

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