Friday , May 24, 2019

News

May, 2019

  • 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 …

  • 2 May

    Global Payments Touts Differentiated Strategy as Worldpay Reports Strong First-Quarter Results

    The big merchant processors Global Payments Inc. and merger candidate Worldpay Inc. reported healthy first-quarter results Thursday. North America performed especially well for Atlanta-based Global Payments, generating $678.4 million in revenues, up 14% from $594 million in 2018’s first quarter. In contrast, European revenues slipped 0.3% to $142.9 million while …

  • 2 May

    Mitek Chooses Independence and other Digital Transactions News briefs from 5/2/19

    The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …

  • 1 May

    Square’s Dorsey Not Troubled by the Acquiring Industry’s Mega-Mergers

    Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey.  “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …

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