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- Spectrum Concessions has chosen a mobile-ordering app from Noble Inc. to allow customers at several Spectrum venues to order and pay for food and drinks with a smart phone. The venues include the Hippodrome Theatre in Baltimore, the Long Center in Austin, Texas, and the Hennepin Theatre Trust in Minneapolis.
- Cross-border remittance firm Remitly added Visa Inc.’s Visa Direct push-payment service as a payment option for U.S. users sending money to Visa cards abroad. Other sending markets are envisioned.
- Wire-transfer provider MoneyGram International Inc. could put itself up for sale, but its priority is a refinancing that would reduce its debt load, CEO Alex Holmes told the Dallas Business Journal. MoneyGram’s planned sale to China’s Ant Financial Services Group fell through in January 2018 in the face of federal-government opposition.
- The Clearing House Payments Co. LLC released a set of principles entitled “Business Principles for the RTP Network,” which describes how its real-time payments service operates.
- Boosted by its 2018 acquisition of Singular Payments and a strong performance in its automated clearing house payment business, merchant processor Payment Data Systems Inc. said revenues for 2018 grew 72% to $25 million from $14.6 million in 2017. The company posted a net loss of $3.78 million versus a $3 million loss the year before. Processing volume totaled $3.4 billion last year.
- SurchX, a specialist in surcharging programs for merchants, named Jared Peck chief financial officer and Francine Hardaway vice president of communications. Peck previously worked at Swift Transportation. Hardaway, in addition to a stint at Intel, was founder and chief executive of Stealthmode Partners.
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