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- FirstBank, one of the largest privately held financial institutions in the United States, said it has committed to using the Real Time Payments network from The Clearing House Payments Co.
- Glint Pay Ltd., a startup that lets people make purchases on a debit Mastercard backed by gold, announced a $6.4 million private placement led by alternative asset manager Sprott.
- Cuentas Inc., which specializes in payment services for unbanked and underbanked consumers, said it is offering prepaid services through Amazon Cash.
- Online-payments technology firm BlueSnap said it has expanded the space at its Waltham, Mass., headquarters by 12,000 square feet to accommodate growth and new hires.
- Discover Financial Services said it has reached an agreement with Redsys, Spain’s largest payments processor, that will allow Discover to work with acquirers to increase acceptance in that country for Discover, Diners Club, Pulse, and affiliate-network cards.
- Banks are warning that they are having difficulty complying with new European Union rules calling for greater verification of e-commerce transactions above €30 ($33.95). The banks claim the rules could scuttle 25% of online payments after they take effect in September, the Financial Times reported. The rules are part of the EU’s sweeping Payment Services Directive 2 (PSD2).
- Fraud-prevention firm ACH Alert released its “Modernizing Current Processing Methods to Achieve Faster Payments Now” white paper.
- Mobile-payments provider Glance Technologies Inc. said its board of directors appointed Jonathan Hoyles interim chief executive officer, replacing Desmond Griffin, who is stepping down and will act as an advisor to the company. Glance said it will conduct a search for a permanent replacement. Hoyles formerly served as Glance’s chief commercial officer and general counsel.
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