- SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”
- In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at $1.875 billion.
- BottlePos, maker of liquor store management software, has integrated payment services from Paystri. The integration also provides access to Paystri’s cash discount program for merchants.
- Banking giant HSBC Holdings plc announced it will exit the U.S. retail banking business. Citizens Bank will buy 80 branches along the East Coast and Cathay Bank will purchase 10 branches in the West Coast market.
- InComm Payments announced a Dual Network Benefit Card that combines an open-loop Visa prepaid capability with an over-the-counter network for expenditures on OTC medications via health plans.
- Digital-currency payments provider Flexa launched e-commerce plug-ins to allow online merchants to accept cryptocurrencies using a Pay with Flexa button.
- Montgomery County in Indiana announced it is now accepting PayPal, including Venmo, for payments from the county’s 25,000 taxpayers through the Invoice Cloud service.
- Ria Money Transfer, a cross-border payment service and a unit of Euronet Worldwide Inc., is collaborating with Mooney, a banking and payments company in Italy, to serve 45,000 point of sale and 20 million customers in that country. The service will allow users to send and receive euros.
- Nacha, the governing body for the automated clearing house network, announced the Faster Payments Professional certificate program for instruction in same-day ACH and real-time payments. The program works in conjunction with the Payments Innovation Alliance and the Payments Associations, training groups for the payments industry.
Data-compromise incidents hit an all-time high in 2021, totaling 1,862, up 23% from the previous …