Friday , April 19, 2024

WEX Notes Transactions Growth and other Digital Transactions News briefs from 2/21/18

  • ATM network owner and operator Cardtronics plc said fourth-quarter 2017 ATM operating revenues rose 18% year-over-year to $346.2 million, but net income declined 36% to $16 million. The company also said more than 100 financial institutions and 6 million cards were added to its Allpoint surcharge-free network in 2017.
  • Fleet-fueling and corporate-payments provider WEX Inc. said its payment transactions increased 9% year-over-year to 108.8 million in 2017’s fourth quarter.
  • Jolted by the global investment craze over Bitcoin and other cryptocurrencies, U.S. lawmakers might consider new rules that could impose stricter federal oversight on the emerging asset class, Reuters reported.
  • Blockchain-payments pioneer Ripple said two banks and three remittance providers have joined RippleNet, Ripple’s cross-border payments network.
  • CellPoint Mobile, provider of the Velocity payments platform, said MusicPlanet Live, a social-media hub for live-music artists, fans, promoters, and venues in the United Kingdom, is using Velocity to accept payments.

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