Monday , November 11, 2019

Search Results for: recurring

Reliable, Recurring Revenue Fuels Investor Interest in Payments

With the closing of three megamergers this year, one might think investment opportunities in payments and acquiring could shrink. But that would be an error. That was the assessment of investment professionals speaking Thursday at the Western States Acquirers Association annual conference in Rancho Mirage, Calif.  “It’s a massive industry. …

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A Report Shows How Credit Card Declines Eat in to Recurring-Payments Revenue

Fourth-quarter transaction decline rates for credit and debit cards used for subscription payments increased to 15.9% from a first-quarter 2015 low of 14.4%, based on the value of the transaction, according to a report from Recurly Inc., a recurring-payments specialist. The “Recurly Subscription Snapshot,” which analyzed 25 million recurring payments …

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Amazon Finesses Payments by Adding Recurring Billing to Its Log in And Pay Feature

Recurring billing is now available from Amazon Payments, putting the online payment service from Amazon.com Inc. on more equal footing with competitors that already offer the feature. n And when consumers update their payment cards, such as to replace an expired card, the update applies to payments made to merchants. …

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By Snagging Official Payments, ACI Bolsters Client Base, Recurring Revenue

ACI Worldwide Inc.’s $109 million deal to buy Official Payments Holdings Inc. is a bid to grow its transaction volume and pairs well with its January purchase of Online Resources Corp., analysts suggest. Official Payments is a processor that specializes in online payments to government entities. ACI Worldwide is paying …

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NACHA Mulls Recurring TEL Debits, Other E-Check Changes

NACHA, governing body of the automated clearing house, is considering rules changes that could add volume to the ACH. Among them: allowing recurring payments under the TEL code for telephone-authorized electronic-check conversions; raising the dollar limit to $50,000 for three major e-check codes, and eliminating opt-out notification requirements on two …

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Pulse Takes Aim at the ACH with New Recurring PIN-less Service

Pulse EFT Association LP, which has become the latest electronic funds transfer network to introduce a commercial PIN-less debit service that allows cardholders to make recurring payments to certain billers, sees the service as a way to take payment market share from the automated clearing house network. “It's a great …

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Star Pilots Recurring PIN-less Payments, Explores Real-Time Web Debit

Star Networks Inc., which processes more PIN-less debit transactions than any other network, is launching a pilot to test PIN-less debit for recurring payments and is exploring a concept that could extend direct debit of checking accounts to online shopping. The latter concept, says Tom Gandre, senior vice president of …

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20 European Banks Challenging Card Networks and other Digital Transactions News briefs from 11/6/19

Twenty European banks are working on setting up a pan-European payment system to challenge Visa, Mastercard and technology companies such as Google and PayPal, according to press reports. The project is code-named PEPSI, for Pan European Payment System Initiative.In a development that signals an opening in China’s long-protected payments environment, Chinese mobile-payment giants …

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Uber Money Debuts and other Digital Transactions News briefs from 10/29/19

Ride-share provider Uber Technologies Inc. announced Uber Money, an update to its roster of financial services, mostly for its drivers. Among the products is the relaunch of the Uber credit card in a deal with Barclays. Uber Money also can provide Uber drivers real-time access to their earnings in an Uber Debit …

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Nxgen, Payscape, And BluePay Canada Combine to Form a Processor Serving 25,000-Plus Merchants

This year’s mega-mergers in the transaction-processing business are now starting to generate some smaller spin-off deals. On Friday, two payments providers, Nxgen International and Payscape, said they have acquired a third, BluePay Canada. Terms of the deal were not announced, and an overarching name for the tripartite company has not …

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