Digital Transactions Authoritative, insightful and timely information for payments professionals
• U.S. senators from Colorado, Washington, and Oregon, three states where recreational marijuana use is legal, asked the various federal bank and credit-union regulatory agencies to develop joint guidance for how financial institutions could serve legal cannabis businesses; marijuana use remains illegal under federal law, meaning that many marijuana merchants in those states can’t get conventional banking and payment card acceptance services.
• Merchant processor Pivotal Payments has licensed the Tango acquiring platform from Lusis Payments, a developer of payments software. Pivotal serves more than 90,000 merchants.
• Earthport Plc, a U.K.-based payment network, said Euronet Worldwide Inc.’s Ria money-transfer service will get access to more than 60 domestic clearing services through a newly announced relationship with Earthport.
• Merchant processor North American Bancard now offers merchant-related data services from Womply Inc. to its merchants.
• U.S. and Canadian iPad point-of-sale provider TouchBistro has integrated with mobile-payments provider iZettle, which operates in Europe and Latin America.
• Merchant financing company CAN Capital Inc. says it has surpassed $6 billion in cumulative financing to merchants since the company’s founding in 1998.
• iATS Payments, a specialist in payments for nonprofits, appointed Andrew Mosawi as president, succeeding founder Tom Epplett, who is retiring this year.
• Jordan Cohen, formerly president of Global Payments Canada, has joined Canadian cloud-payments startup Dream Payments as chief commercial officer in a move that included several other executive appointments by the company, which specializes in mobile merchant services for acquirers and banks.
• Payscout Inc. named Dan Gardner, a former executive at money-transfer firm Transfast, as chief financial officer.
