Tuesday , July 23, 2024

PayPal Completes Synchrony Deal and other Digital Transactions News briefs from 7/3/18

  • Token, a provider of contactless payment terminals tailored for events, launched its Mini-Serve EFTPOS system, which allows attendees at events or venues to top up their wristbands or badges with payment cards or mobile wallets.
  • In an expansion of a relationship that dates back to 2004, PayPal Holdings Inc. has sold $7.6 billion in consumer receivables to Synchrony Financial, including $6.8 billion in consumer credit and $800 million in participation interests held by unaffiliated third parties. PayPal received $6.9 billion at closing. Through 2028, Synchrony will be the exclusive issuer of PayPal online consumer financing. It has issued PayPal-branded credit cards for the past 14 years.
  • Point-of-sale system provider TouchSuite completed its acquisition of IQ Payment Systems, which operated under the Alpine Payment Systems moniker.
  • NRT Technologies Inc., a provider of kiosks and payment technology for the gaming industry, said it acquired from U.S. Bank 1,500 casino ATMs and self-service devices in nearly 200 gaming properties; NRT, which is merging with Sightline Payments, plans to upgrade the portfolio in partnership with ATM manufacturer Diebold Nixdorf Inc.
  • Carrier-billing specialist Bango announced U.S. consumers can pay for Pandora music streaming via their AT&T cell-phone bills in a deal between Bango and Pandora.
  • Bank processor Jack Henry & Associates promoted Mark Forbis to the position of executive vice president and chief technology officer. Previously, Forbis was vice president and CTO.
  • EVO Payments Inc., a merchant processor with operations in both the United States and Europe, appointed David Leeds to its board of directors, replacing Brendan Barrett, who has stepped down. Leeds retired from Ernst & Young LLP in June.

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