Nxgen Makes Another Acquisition and other Digital Transactions News briefs from 5/21/19
Digital Transactions News staff
May 21, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Law and Regulation, Marketing, Mergers & Acquisitions, Mobile Wallets, Near-Field Communication (NFC), Transaction Processing
- Nxgen International Inc. acquired payments provider Payment Plus Inc. for an undisclosed amount. PPI will continue to grow its business in Kentucky and the Midwest, Nxgen said.
- Card-issuing platform Marqeta said it raised $260 million in Series E funding, placing the company’s value at almost $2 billion. Marqeta said the investment will be used for expansion domestically and in global markets.
- Fit Pay Inc. introduced a product video and frequently-asked-questions resource for its Flip device, which allows users to trade Bitcoin for U.S. dollars for contactless purchases.
- Wizeline, a product-development and design company, joined the Stripe partner program and will provide engineering and consulting services for users of the e-commerce transaction processor.
- Payment Data Systems Inc. said it will offer an online-invoice and bill-presentment and payment service from Pineapple Payments in a partnership that also sees Pineapple offer onboarding and other services from Payment Data Systems to merchants.
- The American Bankers Association named Dan Smith, a former Consumer Financial Protection Bureau official, senior vice president and executive director of its Card Policy Council. At the CFPB, Smith was the first assistant director of the Office of Financial Institutions and Business Liaison.
- U.S.-based EML Payments Ltd. said its European arm acquired Flex-e-Card Ltd., a provider of gift card technology for shopping malls in Europe and the United Arab Emirates. Terms were not announced.
- Carrier-billing specialist Boku Inc. announced plans to expand its identity verification unit, Boku Identity, to more than 20 additional markets in 2019. It already is available in 42 markets, including the United States and the United Kingdom.
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