Tuesday , November 13, 2018

News

October, 2018

  • 4 October

    Help With ETA Self-Regulation Program Debuts and other Digital Transactions News briefs from 10/4/18

    Among debit card issuers Apple Pay made up 77% of mobile-wallet transactions, Auriemma Consulting Group said in an analysis of mobile wallets. Samsung Pay and Google made up 17% and 6% of transactions, respectively. Rich Consulting and Double Diamond Group launched a suite of services to aid acquirers, independent sales …

  • 4 October

    TCH Looks to Connect Thousands of Banks for Real-Time Payments Within the Next Few Months

    While the Federal Reserve Board mulls an entry into the business of real-time payments, a major competitor is already racking up impressive gains among U.S. financial institutions. The Clearing House Payments Co. L.L.C., the New York City-based company that, among other services, operates one of only two switches for the …

  • 3 October

    The Fed Proposes an Always-On Settlement System for Faster Payments

    The Federal Reserve on Wednesday unveiled a proposal to facilitate real-time settlement of faster payments. The Fed said it is not committed to any specific action on its plan, but banks and private-sector payment processors are watching for any infringement on their turf. “Over the past year, we have undertaken …

  • 3 October

    SpotOn Buys EmaginePOS and other Digital Transactions News briefs from 10/3/18

    Payments and software provider SpotOn Transact LLC  acquired EmaginePOS, a vendor of point-of-sale software for restaurants and bars. Terms were not announced. Business-services provider CSG Systems International Inc. bought Forte Payment Systems Inc., an independent sales organization, for an undisclosed amount. Credit and debit card information of more than 28,000 …

  • 3 October

    With a Deadline Two Years Away, Gas Pos Launches To Aid EMV Pump And C-Store Conversions

    The EMV liability shift for fuel dispensers may still be two years away, but some are not waiting to get their EMV-compliant products and services installed in convenience stores and fuel stations. Gas Pos launched a service Wednesday that puts EMV-compliant card readers in fuel dispensers and in stores, all …

  • 3 October

    COMMENTARY: How a New Ruling Sets the Stage for Surcharging in All 50 States

    The national trend of merchants passing on their credit card fees continues to accelerate, aided last week by a federal court striking down Texas’s “no-surcharge” law as unconstitutional. The Texas ruling follows the defeat of no-surcharge laws in Florida and California, but it is a unique milestone: Texas is the …

  • 2 October

    ControlScan Working With P97 Networks On M-Payments Security

    P97 Networks Inc., the Houston-based company behind mobile wallets from Gulf Pay and Phillips 66, will work with data-security provider ControlScan Inc. on controls for mobile-payment services. Announced Tuesday, the deal is targeted at convenience stores and fuel retailers, quick-serve restaurants, and related merchants. Alpharetta, Ga.-based ControlScan will be tied into …

  • 2 October

    NACHA Acquires the Business Payments Directory Association To Bolster B2B Payments Services

    NACHA reported Monday that it has acquired the non-profit Business Payments Directory Association, a move that deepens the presence of the U.S. automated clearing house network’s governing body in business-to-business payments and provides an entrée into blockchain-based payments. Herndon, Va.-based NACHA said the BPDA will operate as a self-governed group …

  • 2 October

    Wells Releases Control Tower App and other Digital Transactions News briefs from 10/2/18

    PayPal Holdings Inc. announced a partnership with the National Basketball Association’s Phoenix Suns that makes PayPal a payment option on some point-of-sale terminals in the Suns’ arena. The PayPal logo also will adorn players’ jerseys beginning Oct. 17, when the NBA season starts. Free Speech Systems LLC, the company behind …

  • 1 October

    In Effect Seven Years, Durbin’s Interchange Caps Still Roil the Waters of the Payments World

    The debit interchange controls of the Durbin Amendment went into effect seven years ago Monday, and to mark the occasion the Electronic Payments Coalition issued its latest salvo in what appears to be a never-ending feud over that law. According to survey results released by the EPC, 52% of registered …