Sunday , July 12, 2020

Konnect’s M-Payments Restaurant Service Debuts and other Digital Transactions News briefs from 6/2/20

  • Konnect Solutions Inc. introduced a mobile-payments service for restaurants that allows customers to pay inside or in drive-throughs by choosing the restaurant’s local WiFi wireless access point to view a menu, place an order, and access the restaurant’s point-of-sale system. They can pay on their phone or use options offered by the restaurant.
  • Datacap Systems Inc. said Food Online Ordering Systems LLC, which provides customer in-house online ordering and kiosk products, is using Datacap’s payment technology.
  • The Western Union Co. may be interested in buying rival MoneyGram International Inc., Bloomberg reported. Western Union apparently has made an offer for MoneyGram, which Ant Financial Services Group failed to acquire in 2018, but no decision has been made, the report said.
  • In related news, Western Union reported improving business for its digital money transfers, which grew 77% year-over-year in April and 99% in May after plunging approximately 50% in the late-March-to-early April period in response to fears over the novel coronavirus. Total transactions were down 7% in May, an improvement from a 21% decline in April.
  • Sygnifyd Inc. launched its Authorization Rate Optimization tool, which it said uses machine learning and data from the company’s commerce network to eliminate fraudulent online orders before they are funneled to payment gateways for authorization.
  • Payments provider BlueSnap Inc. announced an integration with point-of-sale installment lender Splitit USA Inc. to allow consumers to pay in installments on an existing card in their possession.
  • Recurring payments specialist GoCardless Ltd. announced that YayPay, which provides automated accounts-receivable services, will integrate GoCardless’s service to provide direct debit payments to its North American and European customers.
  • ParkMobile said its app can be used to pay for parking at more than 19,000 spaces under the jurisdiction of the Washington, D.C., District Department of Transportation.
  • Hopdoc LLC, a U.S.-based telemedicine startup, has joined with Transact Bank N.A., formerly Colorado National Bank, to process local and cross-border payments in the United Kingdom for local doctors offering telemedicine services. The service is offered through Transact Pro, the bank’s European affiliate.
  • Barclaycard Payments announced it will offer merchants access to fraud-detection software from Kount Inc. The unit of Barclays Bank PLC said it processes nearly 40% of all card transactions in the United Kingdom.

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