In Other News: BAMS (Europe); WU (EDGE); EVERCOMPLIANT (MerchantView); and BLACKHAWK (acquisition).
BAMS – Banc of America Merchant Services is expanding to Europe and create a new London-headquartered unit, BofA Merrill Lynch Merchant Services (Europe) Limited (BofAML Merchant Services).
WU – Western Union Business Solutions is launching WU EDGE, its ground-breaking digital platform which will enable small and medium sized enterprises (SMEs) to trade internationally with confidence and ease. Western Union Business Solutions will launch the new platform at Money 20/20, Europe’s largest FinTech event in Copenhagen.
EVERCOMPLIANT – EverCompliant, the pioneer of Transaction Laundering Detection and Prevention, introduces a new capability to its MerchantView platform detecting transaction laundering for mobile applications. EverCompliant now provides acquirers, payment service providers, payment facilitators and marketplaces with the ability to detect hidden mobile apps and fraudulent mobile payments being processed through legitimate merchant accounts.
BLACKHAWK – Blackhawk Network, a prepaid and payments network, has acquired extrameasures, a prepaid consumer promotions and incentives company. Through its customized rebate programs, extrameasures offers Visa prepaid cards and private label merchant-specific reward and gift cards with a proprietary platform to help businesses drive consumer acquisition, engagement and loyalty.