Monday , July 13, 2020

OTI Raises $2.5 Million and other Digital Transactions News briefs from 12/24/19

  • On Track Innovations Ltd., a provider of payments technology based on near-field communication, announced it raised $2.5 million in a private placement of shares.
  • Digital-banking and payments-processing technology provider i2c Inc. launched a mobile app and cardholder Web site it says are designed to help persons who have color-blindness conduct digital banking.
  • TriumphPay, a payment system for trucking carriers and drivers that was launched two years ago by Triumph Bancorp Inc., now has 223 brokers and more than 60,000 carriers on its system, up from 71 brokers and 12,000 carriers at the end of 2017. The system’s quickest payment is next business day, but it plans to introduce real-time payments over the next two years.
  • Missouri’s Supplemental Nutrition Program for Women, Infants and Children will convert to debit cards from checks, reported

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