Friday , September 20, 2019

News

May, 2019

  • 8 May

    Visa Completes Earthport Deal and other Digital Transactions News briefs from 5/8/19

    Visa Inc. closed on its acquisition of Earthport, a provider of cross-border payments services. The card network says it expects the acquisition to allow it to access “the vast majority of the world’s banked population” to allow them to move money globally. Earthport earlier this year had been the object …

  • 7 May

    ACH Q1 Volume at 6 Billion and other Digital Transactions News briefs from 5/7/19

    NACHA said automated clearing house volume in the first quarter totaled 6 billion payments that included 3.5 billion debit transactions and 2.5 billion credit transactions. Internet-initiated payments increased 10.3% to 1.6 billion. Same-day ACH transactions totaled 52.7 million, up 24% from a year prior. NACHA also launched the NACHA Corporate …

  • 6 May

    Under One Roof, Nxgen And Payscape Eye Expansion And Acquisitions

    Payments providers Nxgen International and Payscape have come under one roof in a deal valued at $124 million and aided by investor Parthenon Capital Partners, the companies announced late last week. That will provide the impetus for both companies, whose brands will continue, to focus on expansion through organic growth …

  • 6 May

    The Fed Says an Announcement About Operating a Real-Time Payment System Is a Ways Off

    Will it or won’t it? Those eagerly awaiting word about whether the Federal Reserve will directly operate a real-time gross settlement system will have to wait a bit longer. The Fed last October said it was considering whether to directly develop and operate a RTGS system as an outgrowth of …

  • 6 May

    As Estep Opts for Retirement, Larimer Will Take Over As NACHA CEO in July

    Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

  • 6 May

    CloverAchievers SMB Program Debuts and other Digital Transactions News briefs from 5/6/19

    First Data Corp. launched CloverAchievers, a grant program for small-business owners that offers recipients a cash grant, Clover point-of-sale equipment, and a charitable donation in their names. Bank of America Merchant Services said it and subscription-management specialist Recurly are working together on products for merchants. Fraud-prevention firm ACH Alert named …

  • 3 May

    Mastercard Adds To Its Bill-Pay Heft With Transactis Acquisition

    In its latest move to enhance its electronic bill-payment services, Mastercard Inc. announced Friday it has a deal to acquire bill-pay platform provider Transactis Inc. New York City-based Transactis provides technology that enables small businesses and organizations such as schools and property owners that mostly deal with paper bills and …

  • 3 May

    Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments

    The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …

  • 3 May

    Denver Transit Riders Can Now Use Uber To Buy Tickets

    Denver light-rail and bus riders will be making a bit of electronic-payments history this spring and summer by being the world’s first commuters able to use Uber Technologies Inc.’s mobile app to buy and use transit tickets. The new service, which will be rolled out over the next few weeks, …

  • 3 May

    Facebook Planning a Crypto Payments System? and other Digital Transactions News briefs from 5/3/19

    Facebook Inc. reportedly is planning a cryptocurrency-based payment system using a digital coin with stable value that would enable the social-networking giant to avoid fees it incurs for conventional card payments, according to a report in The Wall Street Journal cited by the Associated Press. The report says Facebook is …

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