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On the Wire: NXT-ID and Fit Pay, Inc. Announce Letter of Intent to Combine Their Businesses

NXT-ID, Inc., a security technology company, and Fit Pay Inc., a privately held provider of payment, credential management, and authentication platform services, today announced that the companies have entered into Letter of Intent to combine their businesses in a deal that includes stock and cash consideration.


On the Wire: Total Merchant Services Expands Integrated Payments Technology for Developers

Total Merchant Services, a leader in payment services and solutions, today announced its expanded suite of Groovv Integrated Payments APIs and SDKs for software developers and Independent Software Vendors. Free to implement, the tools make it easy for developers to integrate payments seamlessly into their software or websites while meeting compliance requirements.


On the Wire: Vantiv Achieves Oracle Validated Integration with Oracle E-Business Suite

Vantiv Inc., a leading provider of payment processing services and technology for merchants and financial institutions of all sizes, and Gold level member of Oracle PartnerNetwork, today announced it has achieved Oracle Validated Integration of the company’s eCommerce services with Oracle E-Business Suite 12.2.


On the Wire: Wirecard Acquires South African Payment Service Provider

Wirecard AG acquired all shares of MyGate Communications based in Cape Town, South Africa. MyGate is a leading payment service provider in Africa.


On the Wire: London’s Shared Service Alliance of Hammersmith & Fulham, Kensington and Chelsea, and City of Westminster Appoints Prepaid Financial Services to Manage its Direct Payments Prepaid Card Program

Prepaid Financial Services, has been appointed by shared service alliance of local authorities (Hammersmith and Fulham, Kensington and Chelsea, and City of Westminster) to manage a prepaid card program for all social care service users who are in receipt of a direct payment.


On the Wire: CO-OP Financial Services Bringing Artificial Intelligence to Fight against Credit Union Fraud

CO-OP Financial Services is working to implement artificial intelligence to fight fraud, with a machine learning-based risk management tool to be utilized by CO-OP for its client credit unions in 2017.


On the Wire: Worldpay U.S. Expands Payment Solutions with Payrazr Marketplace from BillingTree

BillingTree today announced that Worldpay U.S., a global leader in payments processing technology and solutions, will expand its omni-channel payment solutions to their growing customer base with the Payrazr Marketplace. Available immediately are robust myPayrazr payment acceptance technologies including myPayrazr IVR.


On the Wire: Consumer Financial Services Action Plan: Better Products and More Choice for European Consumers

The European Commission is today presenting an Action Plan that sets out ways to provide European consumers with greater choice and better access to financial services across the EU.


On the Wire: Jiffy Breaks 4.2 Million Users

Jiffy, the service developed by SIA to send and receive money in real-time via smartphone, has topped 4.2 million users.


On the Wire: University Fancards Raises in Excess of Targeted $1.5 Million Funding

University Fancards LLC, the country’s leading provider of collegiately licensed gift cards and reloadable prepaid cards, announced today the closing of a second financing round, raising in excess of the $1.5 million targeted funding.

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