Saturday , July 4, 2020

Chase To Buy InstaMed and other Digital Transactions News briefs from 5/17/19

  • JPMorgan Chase & Co. said it will buy InstaMed, a specialist in health-care payments. Terms were not disclosed. In April, InstaMed released an app with a blockchain prototype that it said will demonstrate how the technology can support adjudication and payment for insurance claims, patient billing, and patient payment.
  • NLS Equipment Finance LLC launched. The point-of-sale equipment-leasing company said it intends to focus on independent sales organizations and helping them engage merchants.
  • Chosen Payments said the National Hot Rod Association extended its payment-processing agreement. Chosen will continue to manage payment card processing for the NHRA headquarters and NHRA-owned tracks, and many member-owned tracks. The NHRA also will refer its members to Chosen for their own processing needs.
  • With fraudsters increasingly targeting call centers, VyStar Credit Union has contracted with Verint Systems Inc. to tighten security around data held in the credit union’s contact center. VyStar serves 655,000 members.
  • Security concerns continue to hobble mobile-payments adoption, with an August 2018 survey of U.S. Internet users by researcher GfK reporting that 59% of respondents of all ages said they were concerned about the security of their personal information with mobile payments.
  • MoneyGram International Inc. said it will be able to send remittances directly into recipients’ bank accounts in Bangladesh via an integration with that country’s Jamuna Bank.

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European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

A group of 16 European banks said they plan to launch a “truly European” unified payments system …

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