Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor CardConnect Corp. is paying $39 million for its previously announced acquisition of MertzCo Inc. consisting of $12 million in cash and 1.98 million shares of CardConnect stock valued at $27 million, according to a Securities and Exchange Commission filing from CardConnect.
• Visa Inc. has begun allowing issuers of Visa-branded commercial cards to provide full line-item details to their commercial clients of cardholder activity on Amazon Business. The service is initially available to Bank of America Merrill Lynch, Citigroup Inc., and PNC Bank N.A.
• A Mercator Advisory Group report, “Payment Services Directive 2: Worldwide Industry Implications,” examines the European Union PSD2 measure regulating payments providers in the region.
• Former U.S. Senator Kay Bailey Hutchison is joining the board of MoneyOnMobile Inc., a U.S.-based mobile-payments operation with a subsidiary in India.
