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- Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing.
- Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment users are age 45 and older, according to a survey of more than 1,500 U.S. consumers in the fourth quarter of 2018. The survey was sponsored by Early Warning Services LLC, the bank-owned company that operates the Zelle P2P network.
- Mayor Jim Kenney signed an ordinance passed by the Philadelphia City Council last month requiring most city businesses to accept cash and prevent them from only taking payment cards and mobile payments. The ordinance takes effect July 1.
- Financial-technology company Merchant Boost changed its name to ValidiFi.
- Merchant processor Global Payments Inc. said it acquired Sentral Education, an Australian provider of a cloud-based management platform for schools. Terms of the deal were not disclosed.
- More than 110,000 U.K. merchant clients of London-based Barclaycard may accept Discover, Diners Club, and other Discover Global Network cards in-store and online under a new agreement.
- Discover Financial Services said it is working with ZestFinance, a developer of artificial-intelligence software for underwriting, to make more accurate lending decisions.
- Synchrony Financial released the “Shopping for AI” report that found 80% of U.S. retailers believe artificial intelligence will change the online customer experience. The report canvassed 324 retail executives.
- Software developer Community Brands released the MySchoolWallet app for iOS and Android that enables payments to schools from mobile devices.
- Sports-memorabilia firm The Topps Co. said a data breach may have compromised payment card information and other personal data of customers who used its Web site between Nov. 19 and Jan. 9.
- Spending worldwide on blockchain-based services will reach nearly $2.9 billion this year, up 88.7% from 2018, according to a forecast from International Data Corp. Spending will reach $12.4 billion by 2022, for a compound annual growth rate of 76% from 2018, IDC says.
- Square Inc. co-founder Tristan O’Tierney, who left the company in 2013, died recently at age 35, Bloomberg reported.
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