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- A class of card issuers is suing Apple Inc., alleging they pay $1 billion in fees annually for inclusion in the technology company’s Apple Pay mobile wallet, while Apple maintains a monopoly on contactless payments at the point of sale for iOS devices. Filed in the U.S. District Court for the Northern District of California, the suit asks for reimbursement of fees along with injunctive relief.
- Payments provider Shift4 Payments Inc. has agreed to process ticket transactions through SeatGeek for the New Orleans Saints National Football League team and the New Orleans Pelicans.
- Payments provider VizyPay said it added 60 employees in the past four months with many positions filled in operations, marketing, human resources, social media, and technology development.
- Buy now, pay later provider Klarna AB said it will open a pop-up store, called Klarna Oasis, this weekend in Los Angeles.
- Pidgin, a real-time payments platform, said The Bankers Bank will offer its service to more than 250 banks in Oklahoma, Texas, and New Mexico.
- ATM maker Hyosung America launched four products for the retail ATM industry.
- American Express Co. said it will promote small businesses this summer through the SiriusXM Small Stage Series, which offers concerts in cities across the United States.
- Discover Network said it is asking students to vote on candidate designs for the new Discover Student Card.
- Fidelity Payment Services said it received an investment from PSG, an equity firm, and H.I.G. Growth, an existing investor. The amount was not disclosed.
- Priority Technology Holdings Inc. named Ranjana Ram chief operating officer, a promotion from the executive vice president of corporate development position she held.
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