Cross-border payments firm PPRO announced its acquisition of Allpago, a payment and gateway provider in Latin America. Terms were not disclosed. Payments-services provider i2c Inc. said it is working with Zero, a financial-technology company that provides banking services. Payveris LLC completed its $7 million Series D funding round led by …
Read More »TCH Adds Another RTP Client and other Digital Transactions News briefs from 6/13/19
FirstBank, one of the largest privately held financial institutions in the United States, said it has committed to using the Real Time Payments network from The Clearing House Payments Co. Glint Pay Ltd., a startup that lets people make purchases on a debit Mastercard backed by gold, announced a $6.4 …
Read More »Groupon Adds GasBuddy Offers and other Digital Transactions News briefs from 6/12/19
Groupon announced it will provide GasBuddy, a fuel-price reporting service, with food and drink offers from local merchants via card linking. Consumers will be able to load offers directly to an eligible payment card after completing an opt-in enrollment in the GasBuddy app. POSaBIT, a fintech supplier to the legal …
Read More »Sterling Card Acquired and other Digital Transactions News briefs from 6/11/19
Private-equity firm Acuity Capital Partners LLC acquired specialty gift card manufacturer Sterling Card Solutions, according to Sterling’s financial advisor, the investment bank Capstone Headwaters. Terms of the deal were not disclosed. Besides gift cards, Sterling makes hotel key cards, identification cards, phone cards, and other products. Half the world’s population, …
Read More »Publix Adding Payments to App and other Digital Transactions News briefs from 6/10/19
Publix Super Markets Inc. is adding a payments feature to its mobile app, first with a version for iOS devices and later for Android devices, according to The Ledger in Lakeland, Fla. Publix has 1,218 grocery stores in the Southeast, including 800 in Florida. Amazon.com and Synchrony Financial launched the …
Read More »Stripe Backs Step Mobile and other Digital Transactions News briefs from 6/7/19
Step Mobile Inc., a startup financial-services firm focusing on teens, raised $22.5 million in a Series A funding round led by payment processor Stripe Inc. Nearly 51% of retailers surveyed for the latest annual loss-prevention and security report from the National Retail Federation said risks and threats from return fraud, …
Read More »Discover CFO Retiring and other Digital Transactions News briefs from 6/6/19
Discover Financial Services chief financial officer R. Mark Graf will retire in early 2020, Discover announced. Graf joined Discover in 2011. The company has hired an executive-search team to find his successor. American Express Co. enhanced the rewards package on its Gold Card; cardholders will now get 4-times Membership Rewards …
Read More »Western Union Adds Visa Direct and other Digital Transactions News briefs from 6/5/19
The Western Union Co. said it will enable Visa Inc.’s Visa Direct real-time push-payment service. The move follows the remittance-processing company’s announcement in late 2017 that it would adopt Mastercard Inc.’s rival service, Mastercard Send. Merchant processor VizyPay launched a program called Cash Discount 2.0, which calls for merchants to …
Read More »PayFi Adds Real-Time Payments Option and other Digital Transactions News briefs from 6/4/19
PayFi, which provides a banking platform, said it will offer real-time payments services from The Clearing House Payments Co. LLC to community banks. Most U.S. consumers—38%—are likely to use a credit card for online subscription payments, finds a report from GoCardless, a recurring-payments company. Thirty-four percent choose a debit card, …
Read More »i3 Verticals Acquires Pace Payment and other Digital Transactions News briefs from 6/3/19
i3 Verticals Inc. completed its $52.7 million acquisition of Pace Payment Systems Inc. Pace specializes in selling payments services in the public and education sectors. Avis Car Rental, a unit of Avis Budget Group Inc., launched a split-payment feature in its mobile app. Called Split My Bill, the feature enables …
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