Sunday , September 20, 2020

Virtual Fare Card Test Coming to Washington, D.C. and other Digital Transactions News briefs from 12/13/19

  • The Washington Metropolitan Area Transit Authority, which serves the area in and around the nation’s capital, plans next year to start allowing users of Apple Inc. devices to pay at fare gates with their iPhones and Watches using a virtual version of the agency’s SmarTrip card, according to The Washington Post. Android devices will follow later, the agency said. The move follows the recent expansion of contactless fare payments on New York City’s transit system.
  • Private-equity firm Great Hill Partners has agreed to acquire Canada-based payments provider VersaPay Corp. for $2.70 Canadian per share ($2.05 U.S.), for a total value of approximately $126 million Canadian ($95.6 million U.S.).
  • Pushpay Holdings Ltd., which provides donor-management technology for houses of worship and nonprofits, has agreed to acquire Church Community Builder LLC, a technology provider for churches, for $87.5 million.
  • Forty-three percent of U.S. consumers prefer to use credit or charge cards when shopping in stores, according to the recently released “Credit Cards: Still the Card of Choice” report from Mercator Advisory Group.
  • PayByPhone, a provider of parking payments on mobile devices, said it has added 417 parking spaces in Billings, Mont., bringing the total number of PayByPhone spaces in the city to 1,500.
  • The PCI Security Standards Council published Version 3.0 of its point-to-point encryption standard. The updated standard has only minor changes from Version 2.0 in actual security requirements, but it makes it easier for vendors to add more components to their offerings for merchants to cryptographically protect payment card data.
  • Toronto-based digital-banking services provider Sensibill Inc. said the United Kingdom’s Metro Bank will use Sensibill technology for its mobile receipt-management service.
  • Profituity LLC said it is now a “preferred partner” of automated clearing house governing body Nacha for the provision of ACH enablement services and recoveries on non-sufficient funds transactions.
  • Central Payments, a division of the Central Bank of Kansas City, made several executive appointments, including naming Heather Schumacher, whose experience includes stints at two nationwide issuers, as senior vice president and chief operating officer.

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