CardX Raises $2 Million and other Digital Transactions News briefs from 8/27/19

CardX LLC, which specializes in credit-card surcharging programs, said it secured $2 million in funding through Pace Financial Group. This brings CardX’s total capital raised to date to $8.62 million.
Payments-automation provider AvidXchange agreed to acquire BankTEL Systems, which offers accounting technology to banks. With the deal, BankTEL will link clients to AvidXchange’s AvidPay network for accounts-payable processing, while AvidXchange clients will receive accounting offerings from BankTEL. Terms were not announced.
International payments provider SnapPay Inc. announced it is enabling merchants in North America to accept the Chinese mobile wallets Alipay and WeChat Pay.
A study from MetaBank indicates consumers now prefer alternative payments rather than checks for disbursements of rebates, refunds, credits, insurance benefits, and tax refunds. The study is entitled “Faster Payments: What Consumers Want from Businesses in 2019.”

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