Friday , March 29, 2024

News

October, 2023

  • 18 October

    The Federal Reserve Is Set to Revisit the Debit Fee Cap

    The Federal Reserve Board of Governors will consider revisions to its cap on debit card swipe fees at its meeting next Wednesday. The announcement was made as part of a public notice about the upcoming board meeting. While no further details were provided about the Fed’s intentions, retailers made it …

  • 18 October

    On The Fly Taps BYOD for a New Hospitality POS Product

    On The Fly POS’s latest product, called Ground Control, is making it easier for hospitality merchants to use their own devices for ordering and table management. The new app, with versions for both iOS and Android mobile devices, enables merchants to use their own hardware with an integrated software app …

  • 18 October

    Health iPASS’s New Service And Other Digital Transactions News briefs from 10/18/23

    Health iPASS launched Health iPASS Cloud Payments, a processing service for health-care providers. Fiserv Inc. said it is leveraging its merchant-acceptance and card-issuing technology to ease embedded finance for client financial institutions. Metropolitan Commercial Bank said it will deploy cloud-based technology from Finzly to support payment processing via FedNow, Fedwire, and the automated …

  • 17 October

    Monetizing payments to maximize your revenue and scale your business for sustainable growth

    By Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon With the convergence of payments and software technology, ISVs that integrate payments with their platform reap the benefits of increased revenue streams, stronger company valuations, and a stickier relationship with their end customers. The benefits for …

  • 17 October

    Stax Adds Atlantic-Pacific Processing to Boost Its Multichannel Offering

    Stax Payments has acquired payment-technology provider Atlantic-Pacific Processing Systems (APPS) for an undisclosed sum. The acquisition is expected to enable Stax to create a new end-to-end payments platform that includes an enhanced multi-channel offering, improved data reporting, and additional customization capabilities. “Our partners and customers want a simple, secure, multichannel …

  • 17 October

    Eye on Consumers: Organized Fraud Is up 44%; Holiday Spending Could Exceed Pre-Pandemic Levels

    With the fourth quarter under way, fraudsters are increasing the sophistication of their attacks while consumers are gearing up for a busy holiday-shopping season, albeit with different goals. First, a new report from Au10tix, an Israel-based identity verification and management provider, found a 44% increase compared to preceding quarters in …

  • 17 October

    Nacha Volume up 20% And Other Digital Transactions News briefs from 10/17/23

    Nacha, the governing body for the automated clearing house network, reported the system processed 212 million same-day payments worth $608 billion in the September quarter, up 20% and 27.1%, respectively, over the same period last year. Total volume for all ACH payment types for the quarter came to 7.8 billion, …

  • 16 October

    Eye on Crypto: NFTpay Enables NFT Purchases With AmEx and Discover; Ferrari To Accept Crypto

    NFTpay, a Miami-based purchasing solution for non-fungible tokens, is accepting American Express and Discover cards for purchase of NFTs. These are assets that have been tokenized via a blockchain and assigned unique identification codes and metadata that distinguish them from other tokens. With NFTpay’s credit card purchasing solution, consumers can …

  • 16 October

    Goldman Faces Some Hard Decisions As It Confronts Its Position in Consumer Credit Cards

    The pressure at Goldman Sachs Group Inc. to exit, or at least radically modify, its consumer-credit and payments businesses appears to be mounting. At least some executives at the company are pushing senior management to exit credit card deals with Apple Inc. and General Motors Corp., The Wall Street Journal …

  • 16 October

    AppTech To Acquire Alliance Partners And Other Digital Transactions News briefs from 10/16/23

    AppTech Payments Corp., a specialist in business-to-business and business-to-consumer payments, has agreed to acquire Alliance Partners LLC and its FinZeo money-movement software. With the deal, expected to close Oct. 31, AppTech will become a payment facilitator, a company that allows merchants to accept payments on the company’s merchant account. Terms …

Digital Transactions