In Other News: FTC (crowdfunding); PAYRANGE (AFV); GRANT STREET (OH); and I2C (Agile).
FTC – The Federal Trade Commission will host its second FinTech Forum on Oct. 26, focusing on two topics of increasing interest to consumers: crowdfunding and peer-to-peer payment systems. The event is designed to bring together perspectives from across the landscape of these two growing sectors, and it will include separate panels exploring each one. Crowdfunding involves the use of online platforms to fund a project or venture by raising money from a large number of people. The FTC brought its first enforcement case in the crowdfunding area last year.
PAYRANGE – PayRange Inc., maker of the world’s simplest mobile payment solution for machines, has partnered with American Food & Vending (AFV) on an enterprise agreement to deploy PayRange BluKey devices across its 50 branches serving 35 markets throughout the United States. This rollout comes on the heels of two separate and highly successful pilot programs conducted by American Food & Vending.
GRANT STREET – Grant Street Group announced the State of Ohio has implemented PaymentExpress, Grant Street’s electronic payment processing platform, as the new point-of-sale solution for the Department of Public Safety/Bureau of Motor Vehicles (BMV). The Ohio BMV now offers citizens the ability to make payments with credit or debit cards at 191 Deputy Registrar locations and 6 Reinstatement Centers throughout the State.
I2C – The market dynamics in the credit card payment processing space are undergoing a dramatic transformation.i2c’s Agile Processing solution is a next-generation payment processing model that helps credit issuers take control of their business and execute their product roadmap vision. It enables banks and credit card issuers to create, configure, and deploy innovative digital and mobile card programs consumers want quickly and cost effectively.