Friday , March 29, 2024

Electronic Checks

Mitek CEO DeBello Will Leave the Remote Deposit Capture Provider This Year

Mitek Systems Inc. announced the departure of chief executive James B. DeBello at the end of this year. The remote deposit capture provider said DeBello, who became its president and CEO in 2003 and chairman of the board in 2016, will leave Jan. 1. DeBello has served on Mitek’s board …

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Linked2Pay Debuts Instant Merchant Settlement and other Digital Transactions News briefs

Payment-processing technology company Pineapple Payments has acquired payment-gateway provider Transax for undisclosed terms. The deal represents the fifth acquisition this year for Pineapple, which says it is processing $3 billion in annual volume for more than 13,000 merchants. Payments-technology provider linked2pay introduced what it calls instant merchant settlements for credit …

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Deluxe Hitches Its eCheck Business to QuickBooks Online And Its 2 Million Users

Deluxe Corp. is bridging the gap between paper checks and electronic payments for small businesses by integrating its eCheck technology with Inuit Inc.’s QuickBooks accounting software. The integration is expected to automate check writing and delivery for small and midsize businesses, many of which continue to rely heavily on paper …

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On a Hot Streak, the ACH Network Has Racked up 5%-Plus Growth in 12 of the Last 14 Quarters

The growth surge at the nation’s automated clearing house network shows no signs of slowing down. The payments system handled 5.68 billion transactions in the quarter ended June 30, a 6.2% increase year-over-year, according to numbers from Herndon, Va.-based NACHA, the network’s governing body. The network has now notched growth …

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Checks Still Reign in U.S. Business Payments, but Electronic Methods Close Behind

An international survey of financial executives shows that checks are still the most commonly used method of business payments, but paperless methods aren’t far behind. The April survey of 914 chief financial officers and other senior finance executives, including 501 from the United States, for fleet-fueling and corporate-payments provider WEX …

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Mobile POS Devices To Reach 27 million by 2021 and other Digital Transactions News briefs from 7/2/18

Mobile-commerce technology provider Shopgate Inc. said it has joined the Shopfiy Plus Technology Partner Program, which will allow Shopify Plus merchants to access Shopgate’s mobile-app platform. The installed base of mobile point-of-sale devices in the United States will grow to 27.7 million by 2021, compared to 3.2 million in 2014, …

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The Sobering Lesson From the Latest AFP Survey: ‘Fraudsters Are One Step Ahead’

Payments executives may abhor fraudsters, but they have to admit the scamsters and hackers are a determined lot. The percentage of organizations sustaining actual or attempted payments fraud increased in 2017 for the fourth straight year, reaching a record high 78%, according to the latest “Payments Fraud And Control Survey” …

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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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Apps Will Be a Major Force in Payments For Years to Come, a Report Argues

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

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Why Amazon Is Talking to Banks About a ‘Checking Account’ for Its Customers

Amazon.com Inc.’s interest in launching a checking-account-like product, reported Tuesday by The Wall Street Journal, could have deep roots in its strategy both for payments in general and for Amazon Pay, the payment wallet it operates for non-Amazon sites, expert observers say. Talks between the Seattle-based retailing colossus and banks …

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Digital Transactions