- 7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018.
- Payments provider Clearent LLC said it received validation of its point-to-point encryption service from the PCI Security Standards Council.
- Payments provider American Payment Solutions announced its payments services are available to users of iSoft Systems LLC’s AccountMate software.
- ATM manufacturer Diebold Nixdorf Inc. announced that president and CEO Andreas W. “Andy” Mattes was “stepping down,” effective immediately. No reason was stated. The company named Christopher A. Chapman, senior vice president and chief financial officer, and Juergen Wunram, senior vice president and chief operating officer, as interim co-presidents and CEOs until a permanent successor is named. Mattes, CEO since June 2013, led the former Diebold Inc.’s acquisition of German ATM maker Wincor Nixdorf AG in August 2016.
- Affirm Inc. received $200 million in a Series E funding round led by GIC. The round brings to $450 million the total funding for Affirm, which specializes in online financing for e-commerce transactions on behalf of more than 1,200 merchant clients.
- Public Service Electric and Gas Co. said it has been notified by TIO Networks that customer information, including utility account numbers and addresses, may have been compromised in the suspected breach at TIO that TIO’s parent company, PayPal Holdings Inc., announced last month. TIO processed bill payments at kiosks in PSE&G walk-in locations starting in 2012. The utility has 2.5 million customers.
- US Dataworks, formerly a processor and technology provider in the payments industry, has effectively ceased to exist with a plan of reorganization by means of liquidation taking effect Wednesday. The company sold substantially all of its assets in July to a subsidiary of Bankers Bancorp of Oklahoma.
- CanPay, a payments provider that developed a digital payment option that allows legal marijuana retailers to directly debit a consumer’s checking account from the point of sale, said consumers in Maryland will be able to use its service at more than 10 dispensaries scheduled to open in the coming months.
- More than 1 million people have opened digital wallets for cryptocurrency across three providers in the past week, according to Alphabit, a blockchain-asset advisory company, which did not name the providers.
- David Marcus, vice president of messaging products at Facebook Inc., has agreed to join the board of directors of Coinbase, a major cryptocurrency exchange. Before joining Facebook, Marcus was president of PayPal Holdings Inc.
- Another fork in Bitcoin’s code has occurred, this time resulting in the creation of UnitedBitcoin, or UBTC. Active Bitcoin addresses will receive UBTC at a one-to-one ratio, the new organization behind UBTC said. The first Bitcoin fork took place in August, yielding a new cryptocurrency called Bitcoin Cash.
The future of digital payments is being created now with the adoption of contactless payments, …