• 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 …
April, 2016
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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 …
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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 …
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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 …
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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. …
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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 …
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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 …
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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, …
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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 …
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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 …