In Other News: BASKIN (m-app); CARDCONNECT (acquisition); TOTAL (Groovy); and PASA (biometrics).
BASKIN – Baskin-Robbins’ guests now have a cool new way to enjoy their favorite frozen treat as Baskin-Robbins launched its new mobile app for iPhone and Android users. In addition to money-saving deals, ice cream fans can use the app to pay for their favorite flavored ice cream treats, frozen beverages and ice cream cakes with a Baskin-Robbins card and send virtual Baskin-Robbins cards to friends and family by text or email.
CARDCONNECT -FinTech Acquisition Corp. has completed the acquisition of CardConnect, a payment processing and technology solutions provider, on July 29, 2016. The transaction was approved by a vote of FinTech’s shareholders on July 28, 2016. FNTC’s Board of Directors had previously approved the transaction and recommended that FNTC’s stockholders vote in favor.
TOTAL – Total Merchant Services, a leader in payment services and solutions, announced Groovv POS, a comprehensive and easy to use point of sale (POS) solution for merchants who want to grow and optimize their business. The new system includes advanced EMV-compliant and NFC-enabled payment features as well as powerful software for inventory management, robust reporting and integrated marketing tools.
PASA – The Payments Association of South Africa (PASA) announced a new standardized specification to facilitate biometric authentication on payment cards. Working in partnership with Mastercard and Visa, this technology framework is designed to ensure open interoperable solutions in South Africa. The specification enables a range of biometric solutions, from fingerprint verification to palm, voice, iris, or facial biometrics.