Saturday , February 23, 2019

Search Results for: "visa direct"

Visa Eyes More Contactless Cards And More Volume From Visa Direct

Visa Inc. saw payment volume growth of nearly 11% in the quarter ended Dec. 31, and sees ever-more contactless cards and volume on its Visa Direct real-time payments service in its future. Visa on Wednesday reported a respectable first quarter of fiscal 2019, according to its chief executive, despite the …

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New Visa Direct Partners and other Digital Transactions News briefs

• Visa Inc. announced five key person-to-person payment integrations for its Visa Direct faster-payments system, which requires Visa issuers to make funds available to cardholders within 30 minutes. These include: Jack Henry & Associates for JHA Payment Solutions, Fidelity National Information Services for its People Pay service, Stripe Inc. for …

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Repay And Payment Data Systems Separately Put Push Payments in the Spotlight

The concept of push payments is finding favor among payments providers as two companies separately announce new disbursement services. Atlanta-based Repay said its Instant Funding service enables organizations to send funds directly to eligible Visa Inc. debit and prepaid cards via Visa Direct, the network’s real-time debit service. Repay’s lending clients, …

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Lightspeed Launches Lightspeed Loyalty and other Digital Transactions News briefs from 12/13/18

The Federal Trade Commission announced a settlement with two defendants accused of laundering nearly $6 million in credit card charges through fraudulent merchant accounts. Lightspeed, developer of a cloud-based point-of-sale system, released Lightspeed Loyalty, a service that offers merchants a rewards program, automated marketing, customer data reporting, and, for restaurants, …

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The Promise—And Threat—of Real-Time Payments

Three years ago, Mastercard shelled out big money for a U.K. technology firm. As faster payments take hold in the States, the rationale for that deal will soon be put to the test. Back in July 2017, the Federal Reserve issued a challenge to the U.S. payments industry: create a …

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JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18

Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment …

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Bypassing Customs

Across the world, governments are cracking down on immigration. Cross-border payments, however, continue to grow with the global economy. Will blockchain be next? President Donald Trump has made cracking down on both illegal and legal immigration to the United States a showpiece, though controversial, policy of his administration. European countries, …

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Faster Payments Are Coming to Acquiring, Triggering Opportunity for Payments Providers

When it comes to faster payments, merchants don’t want to be left out, and that’s creating a big opportunity for payments processors and other merchant acquirers.  Indeed, as the payments industry shifts toward real-time and near-real-time money movement, processors can cash in on the value of getting good funds into …

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Visa CEO Predicts 100 Million Contactless Cards in a Year

Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But chief executive Alfred F. Kelly gave an eyebrow-raising statistic Wednesday regarding …

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Shopify Tries a Store Strategy and other Digital Transactions News briefs from 10/12/18

E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …

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