Friday , December 13, 2024

British Regulators Eye Digital Wallets and other Digital Transactions News briefs from 7/16/24

  • Two British regulatory agencies will examine the practices and policies of digital wallets offered by technology firms, according to a report on SeekingAlpha.com. Specifically, the Financial Conduct Authority and the Payment Systems Regulator want to know the benefits and risks of digital wallets.
  • Restaurant reservation platform OpenTable said it will offer eligible Visa Inc. cardholders access to reservations in its The OpenTable & Visa Dining Collection, which launched in Los Angeles and Chicago. It offers exclusive availability to OpenTable diners who book with eligible Visa cards.
  • InComm Payments launched InComm Benefits, a division focused on the employer market with health savings accounts and flexible spending account services.
  • A group led by former Optimal Payments co-founder Joel Leonoff has taken the reins at Canada-based Merrco Payments, which is rebranding as Kort Payments.
  • Bill-payment platform InvoiceCloud is working with Megabyte, a property-tax payment system in California, to update digital tax-payment technology for citizens of that state’s Calaveras County.
  • RentRedi, a developer of real-estate software that among other features processes rent payments, announced a partnership with the National Association of Realtors that will allow NAR members to access RentRedi’s technology.
  • Bitcoin Depot, a provider of cryptocurrency ATMs, announced it has sold 200 kiosks to Sopris Capital as part of a profit-sharing program. The deal follows Sopris Capital’s purchase of 50 kiosks in March. The program includes a passive income stream, as well as shipping and installation of the machines.
  • The PLS chain of more than 200 financial-services centers said it has collaborated with fintech Green Dot Corp. to launch the Xpectations Plus Debit Card, which among other features enables direct deposit of paychecks up to two days early and of government benefits up to four days early.
  • Rocket Matter, a technology platform for law practices, launched an updated version of its software that includes payments processing and integration with QuickBooks Online.
  • Fintech Stax Payments Inc. has appointed Valentin Neiconi chief risk officer. Neiconi most recently was head of fraud and risk for North America at Adyen NV.

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