Tuesday , December 11, 2018

News

June, 2018

  • 26 June

    A Safe Harbor Rejection Won’t Raise Risks for Banks Looking to Serve Cannabis Merchants

    Financial institutions providing banking services to cannabis businesses in states where marijuana has been legalized are no more at risk of being punished by federal regulators than they were before Congress last week rejected legislation to provide them safe harbor. Legislators in the House of Representatives and the Senate separately …

  • 26 June

    Incomm Partners with CheckFreePay and other Digital Transactions News briefs from 6/26/18

    Bill.com announced that, at more than $52 billion, it has surpassed the $50-billion mark in bill payments processed annually for more than 3 million small-business clients. Prepaid specialist Incomm announced it is working with CheckFreePay Corp., a unit of Fiserv Inc., on a cash-based bill-payment service in store checkout lanes. …

  • 25 June

    Alipay Launches a Wallet-Based Cross-Border Money-Transfer Service Using Blockchain

    Payments observers wondering when, and where, blockchain technology would take hold may want to pay close attention to cross-border remittances. Alipay Payment Services (HK) Ltd. said on Monday that it has launched a mobile-wallet based money-transfer service between Hong Kong and the Philippines using a blockchain backbone. The service, which …

  • 25 June

    A Divided Supreme Court Upholds AmEx’s Anti-Steering Rules

    In a 5-4 decision, the U.S. Supreme Court ruled Monday that American Express Co.’s anti-steering rules for merchants do not violate federal antitrust law. The conservative majority’s decision, written by Justice Clarence Thomas, caps a case that dates back to 2010 and involves merchants who wanted to steer merchants to …

  • 25 June

    Worldnet TPS Completes Apple Pay Certification and other Digital Transactions News briefs from 6/25/18

    VyStar Credit Union joined the Cardtronics plc network, enabling its members to have fee-free access at more than 20,000 Cardtronics ATMs. ATM operator Prineta LLC said it is the new ATM vendor at the Renaissance Columbus Westerville-Polaris Hotel in Columbus, Ohio. Payments provider Worldnet TPS Ltd. said it has completed …

  • 22 June

    Consumers Increasingly Pay Billers Directly Rather Than Through Bank Sites

    Payment volume through biller-direct Web sites continues to grow at the expense of bank bill-pay sites, according to new findings from Boston-based Aite Group LLC. Some 73% of the online bill payments made by consumers in 2016 went through biller-direct sites, up from 62% in 2010, according to Aite. Meanwhile, …

  • 22 June

    PayPal Buying Simility for $120 Million and other Digital Transactions News briefs from 6/22/18

    PayPal Holdings Inc. said it is buying Simility, a fraud-prevention and risk-management platform, for $120 million. Once the deal closes—expected in the third quarter—PayPal merchants will get access to Simility’s fraud tools, the company said. This is PayPal’s second acquisition announced this week. Wednesday PayPal said it was buying Hyperwallet for …

  • 21 June

    Eye on Contactless: Mobeewave Eyes Small Canadian Merchants; U.K. Payments Double

    Canadian fintech Mobeewave could see its contactless-payment service for Samsung smart phones expand thanks to a new agreement with National Bank of Canada. And this week a British financial trade group announced that contactless payments in the United Kingdom jumped 97% in 2017. Dubbed National Bank Easy Pay, the service …

  • 21 June

    Mobile POS Is Poised to Soar Worldwide As Rising Card Acceptance Stokes Merchant Demand

    The mobile point-of-sale revolution is picking up momentum, despite having started nearly a decade ago with the first attachable card-reading devices for mobile phones. Projections from United Kingdom-based Juniper Research released this week indicate the installed base of mobile point-of-sale devices of all kinds worldwide—including integrated technology from major vendors—will …

  • 21 June

    Cardfree’s Mobile Wallet Patent and other Digital Transactions News briefs from 6/21/18

    PayPal Holdings Inc. blocked sales of the violent video game Active Shooter, which lets players choose the role of a gunman terrorizing a school or of a SWAT team trying to stop him, the Associated Press reported; the game had been pulled from the online marketplace Steam after complaints but …