Saturday , August 13, 2022

MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21

  • MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include other cryptocurrencies and markets, MoneyGram said.
  • Flexa, which develops integrations for digital currency acceptance, said it is working with Aurus Inc., a payments platform, to enable merchant acceptance of digital currencies, including Bitcoin, Ether, Litecoin, and Dogecoin.
  • TAB Bank said it has contracted with payments-technology provider Volante Technologies Inc. to offer real-time payments on The Clearing House’s RTP network.
  • Alliance Data Systems Corp. announced it will spin off its LoyaltyOne unit by year’s end as a new company called Spinco. The unit’s 2020 revenue totaled $765 million on loyalty programs in more than 50 countries. Alliance Data will retain its Card Services unit, which recorded $3.8 billion in revenue last year.
  • Money transfer provider Wise said its platform is now integrated with Google Pay. Google Pay users in the United States can now send funds to other individuals using Wise.
  • In a survey from card issuing platform Marqeta, 65% of consumers said they are more concerned about fraud since the Covid-19 pandemic and 67% consider shopping online more during the pandemic has put them at a higher risk of fraud. One thousand U.S. consumers were surveyed in March.
  • Nacha, the automated clearing house rulemaker, announced the new board of directors and board officers of the Afinis Interoperability Standards organization.
  • Merchant acquirer and processor Payroc said it is offering Ingenico Tetra point-of-sale products.
  • Mercator Advisory Group released its “Buy Now, Pay Later: Gaining Scale and Disrupting the Status Quo in Lending” report.
  • Software developer Adatasol Inc., maker of FrameReady POS, launched an EMV-ready integrated payment option that incorporates the Paygistix platform from Payment Logistics.
  • Payments-technology provider Adyen NV introduced Planet, a carbon-offset option merchants can offer customers at the end of the checkout process.

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