Thursday , June 21, 2018

News

January, 2018

  • 13 January

    Zelle Rolls Out the First National TV Commercials for Its P2P Service

    Zelle on Saturday was set to run the first spots in its initial national mass-media marketing campaign, which is centered on the Tony and Grammy Award-winning actor and rapper Daveed Diggs in an effort to appeal to what the bank-controlled person-to-person payments service calls the “mobile majority” of consumers. The …

  • 12 January

    Visa’s EMV-Only Signature Rule Change May Prompt More Merchant EMV Adoption

    Visa Inc.’s announcement Friday that it will make signature authentication optional for EMV contact and contactless transactions in North America starting in April might provide another boost for merchants who have yet to adopt chip-card acceptance, suggests an analyst. Signatures remain a requirement for Visa magnetic stripe-based transactions not subject to …

  • 12 January

    Visa Says It, Too, Will Make Signatures Optional for North American EMV POS

    Visa Inc. is joining the other three card brands in making signatures optional or many of its transactions beginning in April. The card brand, which had credit card volume of $499 billion and debit volume of $388 billion in its fourth quarter ended Sept. 30, says in a blog post published …

  • 12 January

    Same-Day ACH Debits Already Account for Almost Half of Same Day Volume, NACHA Reports

    Same-day processing for both credits and debits on the automated clearing house network finished its first full quarter on Dec. 31, and numbers released Thursday show a solid increase in volume and dollars. In particular, same-day debits, introduced Sept. 15 , are growing fast and finished the final quarter accounting for …

  • 12 January

    Eye on Banks: Chase’s Merchant Volume Hit $1.2 Trillion in 2017; Debit Purchases Rise 6% at Wells

    JPMorgan Chase & Co., the largest U.S. bank by assets and the biggest bank that runs its own merchant-acquiring operation, reported Friday that it processed $1.19 trillion in payment volume from merchants last year, up 12% from $1.06 trillion in 2016. Chase’s merchant volume rose 13% in 2017’s fourth quarter …

  • 12 January

    JetPay In Software Deal and other Digital Transactions News briefs from 1/12/18

    Processor JetPay Corp. announced its payments, payroll, and account-opening services are now available to clients of Bolts Technologies, a software provider specializing in deposit account onboarding for financial institutions. VeriFone Systems Inc. introduced its e280, a mobile point-of-sale device with a 3.5-inch color touchscreen that accepts near-field communication contactless payments, …

  • 11 January

    Lowe’s, Walgreen Among Retailers With Top In-Store M-Commerce Experiences

    A ranking of retailers offering optimal mobile-shopping experiences in their stores places building materials retailer Lowe’s Companies Inc. atop the list, announced DMI, a mobile-retail specialist. Among the criteria Bethesda, Md.-based DMI, a unit of Digital Management LLC, evaluated in its “Mobile Maturity Model: 2018 Retail” report were pricing, inventory, …

  • 11 January

    U.S. Marshals Plans Auction of 3,813 Bitcoins and other Digital Transactions News briefs from 1/11/18

    The U.S. Marshals Service plans to auction 3,813 Bitcoins in 11 blocks Jan. 22. The agency acquired the digital currency through forfeitures in 18 federal criminal, civil, and administrative cases. Bidder registration opens today. At Thursday morning’s price of approximately $14,000 per Bitcoin, the assets are worth about $53.4 million. …

  • 10 January

    LG Is Poised To Enter the U.S. Mobile-Payments Fray

    South Korea-based consumer-electronics giant LG Electronics plans to bring its LG Pay mobile-payments service to the U.S. in a few months. But with its smart phones in the hands of only 10% of American consumers, how much market share LG Pay can capture and how it can distinguish itself from …

  • 10 January

    2017 Holiday Sales Increased 6.2%, Outpacing the Prior Year’s Growth, First Data Says

    Overall U.S holiday sales in 2017 grew 6.2% over 2016, a pace that bested 2016’s 4.7% sales-growth rate, First Data Corp. announced Wednesday in its latest SpendTrend report. Retail spending during the Oct. 28 to Jan. 1 period increased 5.4%, compared to a 3.6% growth rate in 2016. Measured at …