Wednesday , January 17, 2018

News

August, 2017

  • 25 August

    Why Have Transactions And Dollar Volume Dropped for Same-Day ACH?

    So far, most observers would agree same-day ACH credit processing, introduced nearly a year ago on the nation’s automated clearing house network, has been a success. Users appear to be satisfied with the service, and risk appears to be under control, observers say, despite the shorter windows for fraud detection. …

  • 25 August

    BluePay Buys Security Card Services and other Digital Transactions News briefs

    Independent sales organization BluePay Processing LLC acquired Security Card Services, a merchant-services provider for community and regional banks. Terms of the deal were not disclosed. Canadian mobile-payments provider Dream Payments has expanded a dealer program whereby wireless and electronics distributors sell the company’s mobile point-of-sale terminal in-store and online. Currently, more than 100 retailers …

  • 25 August

    A Ten-Fold Boom in Mobile P2P Will Reward Providers But Also Build Pressure for Fees

    Now that financial institutions have launched a digital peer-to-peer payment service called Zelle to battle popular nonbank services like Venmo, the rival platforms are likely to divide up a rapidly growing market but will also face pressure to find ways to charge for the service. While overall U.S. P2P dollar …

  • 25 August

    In a Strategic Shift, Square Opens New York Store to Better Connect With Merchants

    Square Inc. opened a store in New York City on Thursday to showcase its products and highlight products from some of its merchants, marking the digital-payments company’s first effort at running its own brick-and-mortar shop. Dubbed the Square Showroom, the lower Manhattan location has displays of various Square point-of-sale products …

  • 25 August

    AmEx Exits Prepaid Card Program Management With Platform Sale to InComm

    The pending sale by American Express Co. of its Serve technology platform to prepaid card program manager InComm moves AmEx more toward the model used by most other general-purpose prepaid card issuers and still keeps the upscale AmEx brand involved in a business mostly oriented toward moderate- and lower-income consumers, …

  • 24 August

    Amazon Wins FTC And Whole Foods Shareholder OK for Its $13.7 Billion Deal

    With the blessing of the Federal Trade Commission and Whole Foods Market Inc. shareholders, Amazon.com Inc. on Wednesday cleared the last significant hurdles in the way of its $13.7 billion deal to acquire the Austin, Texas-based chain of some 470 grocery stores. The deal, which was announced in June and …

  • 24 August

    Online and P2P ACH Payments Grow 13% While Same-Day Volume Hits $16.6 Billion

    So-called native automated clearing house payments that originate electronically rather than by conversion of a paper check continued their robust growth in the second quarter while same-day ACH transaction volume hit $16.6 billion, reports ACH governing body NACHA—The Electronic Payments Association.  In total, the ACH network transferred 5.35 billion payments, …

  • 24 August

    Bridg Reaps $11 Million Investment from Visa and Private-Equity Firms

    Bridg Inc., a marketing software company for the restaurant industry, said Thursday that it lined up $11 million in series B funding from Visa Inc. and private-equity firms Morpheus Ventures, NextEquity Partners, and March Capital. Specific investment amounts made by each company were not disclosed. Los Angeles-based Bridg uses artificial …

  • 24 August

    AmEx Disputes CFPB Opinion and other Digital Transactions News briefs

    American Express Co. says it disagrees with an opinion from the Consumer Financial Protection Bureau that differences in card products it offered in Puerto Rico, the U.S. Virgin Islands, and the Pacific Territories from cards it offered in the United States amounted to discrimination. AmEx says it resolved the differences in 2013 after …

  • 23 August

    Larger P2P Transactions and other Digital Transactions News briefs

    QualPay, a provider of cloud-based, integrated-payments solutions, launched a developer portal allowing integrators to evaluate and deploy payment services. Person-to-person payments by users of services offered by community banks and credit unions average $450, compared to $25 for users of Venmo, a popular third-party app, according to data from Malauzai Software, …