Thursday , March 28, 2024

News

April, 2016

  • 19 April

    NAB Introduces Inovio Payments and other Digital Transactions News briefs

    • Merchant processor North American Bancard Holdings introduced its Inovio Payment gateway service; NAB says Inovio’s name is taken from the word “innovation” and that the service, which includes a virtual point of sale and hosted checkout solutions, will open new markets for the company. • Wal-Mart Stores Inc. has changed …

  • 18 April

    Eye on Acquiring: Cayan’s New Terminal for Small Merchants; VeriFone-Revel Integration

    Merchant processor Cayan on Monday unveiled a new point-of-sale system for small and mid-sized businesses that want high-tech capabilities without the costs and hassles of managing integrated POS systems like those used by national retailers. Global POS terminal maker VeriFone Systems Inc., meanwhile, announced the integration of its Verifone Point …

  • 18 April

    Trunk Show Event Marks a First for Amazon Payments in a Store

    Online retailer Amazon.com Inc. has taken another step to broadening the reach of its payments service with the debut Friday of an in-store payment service at a New York apparel retailer. This marks the first time Amazon payments has enabled in-store payments with a merchant, Amazon says. Just a couple …

  • 18 April

    Following Real-Time Bill Pay, TCH Sees a Follow-Up With Speedier B2B, B2C Payments

    When The Clearing House Payments Co. LLC enlisted processor Fidelity National Information Services Inc. (FIS) last fall to help it launch real-time payments in the United States, it wasn’t ready to say when the system would go live. On Monday, TCH answered that question and also cleared up what types …

  • 18 April

    ACH Alert Thwarts $615 Million in Fraud and other Digital Transactions News briefs

    • Fidelity National Information Services Inc. and The Clearing House Payments Co. LLC announced they will launch a pilot for real-time payments in the first quarter of next year. The system will focus initially on bill payments and will use FIS technology along with The Clearing House’s real-time payment platform. …

  • 15 April

    How Proprietary Mobile Wallets Are Showing the Way to Win Adoption And Usage

    Universal mobile wallets have yet to gain the hearty embrace of merchants and consumers, unlike those serving a solitary merchant. But that will change, forecasts the “Merchant Mobile Wallets: Mobile Payments in Action” report released Wednesday by Mercator Advisory Group Inc. The report from the Maynard, Mass.-based payments consultancy predicts …

  • 15 April

    Bank of America Reports Big Growth in Mobile Payments and Deposits

      Mobile-wallet payments still account for less than 1% of Bank of America Corp.’s credit and debit card charge volume, but they are growing fast, as are mobile deposits, the nation’s second-largest bank reported Thursday. BofA’s mega-bank rivals JPMorgan Chase & Co. & Wells Fargo and Co. also reported growth …

  • 15 April

    Mobeewave P2P Service Leaves Test Phase and other Digital Transactions News briefs

    • Canada-based Mobeewave is making its PayMeTap mobile peer-to-peer app available to consumers across Canada. The free app had been in testing. The Android app enables consumers to accept a payment by tapping a phone with a contactless credit card.   • Payments company BillingTree Inc. launched the Payrazr Marketplace, …

  • 14 April

    NACHA Reports a Banner 2015, With Stepped-up Growth And New Applications

    The automated clearing house network reported stepped-up transaction volume with each set of quarterly statistics it released last year, and on Thursday it confirmed officially that 2015 was a banner year for growth. The payments network, which connects virtually every financial institution in the country, handled more than 24 billion …

  • 14 April

    Eye on Litigation: LevelUp’s Patent Fight; New York AG Targets Northern Leasing

    Mobile payment and marketing provider LevelUp is continuing its fight against a rival over an alleged patent infringement and the New York Attorney General has filed suit against Northern Leasing Systems Inc. alleging deceptive business practices. In 2015, Boston-based LevelUp’s parent company, SCVNGR Inc., filed suit in U.S. District Court …

Digital Transactions