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$15 Billion in CCCA Savings? Personal Finance Tools Sway Cardholders; Apple Cash Adds Recurring Payments
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Apple Cash Adds Recurring Payments And Other Digital Transactions News briefs from 6/8/23
Apple Cash users will be able to set up weekly, biweekly, or monthly Apple Cash payments in the iOS 17 iPhone software coming this fall, Apple Inc. announced. Users also will be able to present digital IDs stored in Apple Wallet to businesses, such as for age verification. More than 96% …
Read More »The New Bank Wallet’s Challenges; Debit Is a Recurring Favorite; iVertical Picks Sionic
GoCardless And Piano Partner to Help Publishers And Brands Drive Recurring Revenue
As part of its strategy to enable merchants to access direct debit payments through software they use already, GoCardless, a London-based provider of account-to-account payment solutions, is partnering with analytics and activation-platform provider Piano to deliver debit capabilities on the automated clearing house network to publishers and brands. The ability …
Read More »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. …
Read More »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 …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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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