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- Financial-technology provider Plaid Inc. disclosed that it has received “strategic investments” from both Mastercard Inc. and Visa Inc.
- Digital payments and competition from nonbanks in payments may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.”
- Visa said it is working with insurance companies and their banks to enable real-time claims payouts through the Visa Direct push-payments service.
- Blockchain payments provider BitPay said it will soon support Ethereum, a programmable blockchain platform that includes the Ether cryptocurrency.
- Travel-payments specialist CellPoint Digital said Ethiopian Airlines is using its Velocity payment platform. The airline offers Alipay acceptance and is adding WeChat Pay and KNET, a Kuwait-based payment service.
- American Express Co. announced several efforts to combat marine plastic pollution, including the debut of a card made from reclaimed plastic and an AmEx card recycling program.
- Credit union-service organization PSCU released “The Credit Unions’ Guide to Faster Payments” white paper completed in conjunction with Javelin Strategy & Research.
- Mobile-commerce company Bango launched a service in conjunction with AE Tolls to enable billing of toll-road charges on monthly phone bills.
- Mastercard and Bank of America Corp. announced the third annual Grow Your Biz contest for small-business owners.
- Revel Systems launched Concierge Services, a program to help restaurants and retailers using Revel’s cloud-based POS system.
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