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- Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of dollars in hidden fees” related to alleged false promises about savings on fuel costs. The suit was filed in the U.S. District Court for the Northern District of Georgia after a 4-1 vote by the FTC commissioners to authorize the action.
- NCR Corp. announced it acquired Zynstra Ltd., a provider of so-called virtualization technology, including the Software Defined Store, a subscription-based product that NCR also worked on and introduced a year ago for Pilot Flying J and other merchants. NCR said the purchase price was approximately 100 million British pound sterling ($129.5 million).
- Mastercard Inc. said it has agreed to acquire RiskRecon Inc., a provider of artificial-intelligence and data-analytics technology as applied to the protection of digital assets. Terms were not announced for the deal, which is expected to close in the first quarter of 2020.
- CheckAlt LLC said five financial institutions joined or rejoined its ATM client network.
- Blockchain-payments provider Ripple Labs Inc. announced a $200-million Series C funding round led by Tetragon Financial Group Ltd.
- Intercontinental Exchange Inc., an operator of financial exchanges and parent of the New York Stock Exchange, appointed Mike Blandina chief executive of Bakkt LLC, a trading platform for digital assets. International Exchange also named Adam White president. Both appointments took effect Dec. 20. A long-time payments executive with experience at PayPal, Google, Blackhawk Network, and other companies, Blandina joined Bakkt earlier this year as chief product officer. White came to the company in 2018 as chief operating officer after service at Coinbase Inc. The announcement follows the departure of founding chief executive Kelly Loeffler, who was appointed to the United States Senate to fill the seat vacated by retiring Senator Johnny Isakson.
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