Friday , March 29, 2024

Mobile Wallets

Visa’s CEO Delicately Fields Questions About the Company’s Merchant Relations

Visa Inc.’s top brass, during the company’s quarterly earnings conference call Tuesday afternoon, preferred to talk about fast-growing newer lines of business such as value-added services and transaction sources apart from traditional plastic credit and debit cards. But stock analysts on the call had questions about some sensitive merchant-relations issues, …

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The CCCA Won’t Harm Card Issuers’ Ability to Fund Rewards Cards, MPC Says

The latest battle in the war over the proposed Credit Card Competition Act has focused on the question whether the legislation would cut rewards and other benefits for cardholders. Citing research from the consulting firm CMSPI, the Merchants Payments Coalition, a lobbying group for sellers, argues that passage of the …

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The Clearing House’s RTP Network Surpasses 500 Million Payments

Six years after its launch, the RTP Network surpassed 500 million real-time payments on Saturday, network operator The Clearing House Payments Co. reported Monday. The announcement at least temporarily shines the spotlight back onto the current leader in real-time payments in the wake of last week’s much-anticipated launch of the …

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Mastercard And Virtual Cards And Other Digital Transactions News briefs from 7/24/23

Mastercard Inc. launched Mastercard Receivables Manager, aimed at streamlining the process businesses use to accept and process transactions on virtual cards. The 20-year-old billing platform eLabs announced it has rebranded itself as Vizibill. The Bitcoin ATM network Bitcoin Depot Inc. reported it expects second-quarter revenue to total between $196 million and $198 million, up …

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Discover’s Q2 Financial Snapshot: Not as Robust as a Year Earlier

Discover Financial Services late Wednesday reported net income of $901 million for the second quarter of 2023, down 18% from a year earlier. Credit card loans for the quarter totaled $94 billion, a 19% year-over-year increase. As part of its earnings statement, Discover stated that “the comparative prior quarter ended …

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It’s Official: FedNow Launches With 35 Banks And Credit Unions Signed up For Instant Pay

The Federal Reserve’s instant-payment service, FedNow, is officially live with 35 banks and credit unions participating, the nation’s banking regulator announced early Thursday. The launch, which culminates four years of work since the Fed first announced its intention to build a real-time payments rail, comes as the payments industry moves …

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Relay Payments’ Latest Integration And Other Digital Transactions News briefs from 7/20/23

Relay Payments, a payments platform for the trucking industry, announced an integration with McLeod Software, a vendor of management software for the same industry. ACI Worldwide Inc. introduced an acquiring-as-a-service platform in collaboration with Dock, a Brazil-based technology company. The product is aimed at retailers, restaurants, and e-commerce businesses. Consumer attitudes …

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FedNow’s Launch Is ‘Imminent’ As Observers Prepare for a New Age in Faster Payments

The Federal Reserve could launch its FedNow real-time payments service as early as tomorrow, sources tell Digital Transactions News. The network, which has been under development for nearly four years, represents the regulator’s first effort to create a nationwide network for instant payments, a service that other countries, and at …

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Feedzai Launches Railgun, an AI-Based Fraud-Detection Engine

Risk-management technology provider Feedzai has harnessed artificial intelligence with the introduction of Railgun, its latest fraud-detection engine. What differentiates Railgun, according to Feedzai, is that it taps real-time data such as customer behavior patterns and the use of specific cards across merchant networks over longer periods of time. As a …

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Keyo’s Hand Scanner Debuts And Other Digital Transactions News briefs from 7/19/23

Keyo, a provider of digital-identity technology, released its Keyo Wave+ hand scanner for payments, access control, ticketing, and other uses. Visa Inc. has renewed an agreement to be the exclusive payment-services provider for the U.S. Women’s and Men’s National Soccer Teams. Buy now, pay later provider Afterpay Ltd. said it has added “thousands” of new …

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Digital Transactions