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- Worldnet TPS Ltd. launched GoChipNow, a service for virtual-terminal merchants to convert to EMV chip card acceptance.
- VSoft Corp., which specializes in information-technology products for financial institutions, said it will integrate a payment service from Payrailz into its digital banking platform.
- Total investment in startups specializing in artificial intelligence, an increasingly critical technology for payments, ballooned to $10.7 billion last year from $4 billion in 2016, according to ABI Research. Most of the activity is concentrated in China and the United States, with Chinese startups raising $4.9 billion from 19 investments and U.S. firms attracting $4.4 billion from 155 investments.
- Payments startup LumoXchange announced it has started its money-transfer service to the Philippines.
- Financial technology company BlytzPay named Darrell Gamble chief revenue officer. Gamble previously was vice president of sales at MX Technologies Inc.
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