Monday , June 18, 2018

Electronic Bill Payment

PayPal Is Buying Sweden’s iZettle for $2.2 Billion

In its biggest acquisition yet, PayPal Holdings Inc. is buying Stockholm-based payments firm iZettle AB for $2.2 billion. The San Jose, Calif.-based online payments provider late Thursday confirmed an afternoon of rumors about the pending deal. Jacob de Geer, iZettle’s chief executive and co-founder, will stay on after the acquisition’s …

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Paya Offers CardFlight’s SwipeSimple and other Digital Transactions News briefs from 5/16/18

First American Payment Systems LP announced an integration with the Uluro billing and communication platform that is used across multiple industries. Payments provider Paya said it now offers the CardFlight SwipeSimple product to its merchants. Merchant processor Payment Data Systems announced record revenue of $5.8 million in the first quarter, …

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Microsoft Enables Email Users to Pay Billers Without Leaving Outlook

Microsoft Corp. is adapting its Microsoft Pay wallet to allow users of Outlook to pay bills and invoices they receive in the email program. The new feature, announced Monday at a company-sponsored developer conference, will become available to “a limited number” of users of Outlook’s Web-based service “over the next …

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Eye on Blockchain: Ripple Keeps Making Waves; Litecoin Lands in Wirex’s Visa Debit Card

With digital-payments providers emerging all over the world to serve local and international consumers, the search is on for synchronized, standardized networks to transfer funds cross-border. Ripple, the San Francisco-based provider of distributed-ledger payments, says it has the answer, and late last week five payments services overseas signed on to …

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Despite Its Sprawling Size, the ACH Has Been Racking up Impressive Growth

The nation’s automated clearing house network is on a tear. Transaction volume grew by 6.3% for the fourth quarter of 2017 and by 5.7% for the full year, according to numbers released late Tuesday by NACHA, the governing body for the ACH system. All told, the network handled $46.8 trillion …

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Billers Turn Their Attention to Improving Payments on Mobile Devices

Creating statements optimized for mobile devices is the biggest area of development for new digital payment options from billers, according to recent research done for payment technology provider ACI Worldwide Inc. The study by London-based technology researcher Ovum in December and January gathered responses from 1,032 executives in 10 countries …

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A Trio of States Are Now Looking at Cryptocurrency for Tax Payments

Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …

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PayNearMe Announces Collaboration and other Digital Transactions News briefs from 1/26/18

• Bill processor Invoice Cloud announced a collaboration with PayNearMe to allow customers to pay bills with cash at participating retail stores, including CVS, 7-Eleven, Family Dollar, Casey’s General Stores, and ACE Cash Express. • The Miami Parking Authority, the municipal parking-management authority for Miami, said drivers had used the …

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Western Union Pays $60 Million Fine to Settle New York Claims of Lax Fraud Controls

The Western Union Co. and the New York Department of Financial Services announced Thursday that the wire-transfer market leader will pay a $60 million fine to settle alleged violations of the state’s anti-money-laundering laws, including transactions that supported human trafficking from China. New York authorities alleged that between 2004 and …

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The ACH’s Hot Streak Cools off As Transactions Rack up a 3.8% Third-Quarter Jump

The automated clearing house network’s nearly uninterrupted growth tear took a breather in the third quarter, the period leading up to the introduction of same-day processing for ACH debit transactions. ACH transactions totaled 5.3 billion in the July through September quarter, according to NACHA, the Herndon, Va.-based governing body for …

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