Bitcoin Gains Traction as Cannabis Dispensaries Demand a Payment Solution

Bitcoin had gained 157% year-to-date and dominated the cryptocurrency market with $43 billion market cap. Another digital currency, Ethereum, also skyrocketed this year. The price of Ethereum hit a new record high of $250 a coin on Sunday, with an increase of more than 2800% this year. Ethereum is now the second-most popular cryptocurrency. According…

MONKEY Offers Seamless Native In-App Ordering & Payments

LevelUp and MonkeyMedia Software are co-developing a seamless bi-directional interface between MONKEY, a cloud-based software platform to support takeout, delivery and catering service channels, and LevelUp’s mobile loyalty and payment solution. The new interface will allow LevelUp customers’ mobile loyalty and payment accounts to be connected with their corresponding MONKEY ordering accounts. As part of…

PayPal Exec Ankled to Head Customer Experience at TD Bank

TD Bank has landed Barry Baird, formerly with PayPal, as Head of Customer Experience. Baird joins was most recently PayPal’s Head of Business Operations, Project Management Operations, PayPal Credit Card Program. Barry’s accountabilities included end-to-end program management of all new PayPal credit initiatives and roadmap prioritization, including all major product and platform builds. He joined…

Global V+MA Q1 PTX Up 10% Excluding V Europe

Global purchase transactions (PTX) for Visa and Mastercard debit and credit cards, excluding Visa Europe, rose 10.1% year-on-year (YOY) in the first quarter (1Q/17). Including Visa Europe PTX increased 28.1%, according to CardData. The two networks combined processed 51.0 billion purchase transactions in 1Q/17, compared to 53.0 billion for the fourth quarter and 39.8 billion one-year…

Fleet Card Leader WEX Adopts Aggregate Data via Custom APIs

Corporate payment solutions WEX inked a new agreement with Crawler2api. Crawler2api is a major provider of custom real-time APIs and transactional bots. The company aims to make data easily accessible for clients while eliminating the need for websites to maintain costly APIs or structured data feeds. Crawler2api’s proprietary crawling framework enables its clients to request data…

Desjardins & Monetico Propel Discover Card Acceptance in Canada

Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.…

CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…