Pinpoint Intelligence Adds High-Risk Merchants and other Digital Transactions News briefs from 1/2/18

A startup called Prepaid2Cash announced the availability of its app for both iOS and Android. The app allows holders of network-branded prepaid cards to move money from the card to a bank account within three days. The service costs 7.5% plus $1.50.
Payments provider Pinpoint Intelligence said it now serves high-risk merchants.
Processor Net Element Inc. said it completed a $7.55 million private placement of restricted common stock and warrants with a New York-based investor that has made several investments in companies with blockchain technology platforms; Net Element will use the proceeds to continue development of its new blockchain unit and support other growth initiatives, including potential acquisitions.
In related news, Net Element’s stock, which has risen and fallen with the recent gyrations in Bitcoin’s price and its announcement about the new blockchain unit, was up 21% Tuesday morning on the Nasdaq Capital Market.

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