Wednesday , September 30, 2020

Fortis and Blue Dog Merge and other Digital Transactions News briefs from 8/11/20

  • Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.
  • ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, bringing the total to more than 90,000. Terms were not disclosed.
  • Vesta Corp., a provider of fraud-protection technology, has integrated with data aggregator Plaid Inc. to launch Guaranteed ACH, a service that protects against fraud as well as fees charged for insufficient funds.
  • The Electronic Transactions Association has released the fourth edition of its “ETA Guidelines on Merchant and ISO Underwriting and Risk Monitoring.”
  • Payments provider Payroc LLC announced it has acquired Strategic Payment Systems. Terms were not disclosed.
  • Financial-technology provider Computer Services Inc. said InFirst Bank has chosen CSI’s NuPoint core platform to support digital banking services
  • Revel Systems said Buff City Soap, a retailer with 35 locations in 11 states, is using the Revel point-of-sale system.
  • Payments-technology provider Rapyd said it is working with tuition-payments processor PayMyTuition to support payments via bank transfers from countries in Latin America and Asia Pacific via a single application programming interface integration.
  • Cryptocurrency payments provider BitPay Inc. said a service enhancement has made it easier for users of the Coinbase exchange to spend cryptocurrency directly from a Coinbase account at BitPay merchants.
  • DaVinci Payments launched its Payments Accelerator, an opt-in service that sends texts with links to a virtual prepaid card, with funds activated when recipients order food delivery, complete a test drive, or take another promoted action.
  • Visa Inc. announced it has priced its green bond offering, totaling $500 million. The company says the bond is “believed to be the first issued by a digital payments network” and will be used to fund environmental sustainability. In tandem with the bond issuance, the network appointed Douglas Sabo as its first chief sustainability officer.

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