Friday , October 19, 2018

News

September, 2018

  • 17 September

    As Transaction Volume Grows, NACHA Smooths out the Road for Same-Day ACH

    With volume building for same-day processing of automated clearing house items, the regulatory body for the extensive ACH network announced Monday a trio of enhancements aimed at, among other things, raising the dollar limit on the faster transfers and making credit funds available faster during the processing day. The changes, …

  • 17 September

    Heartland Adds APIs for Ingenico Device and other Digital Transactions News briefs from 9/17/18

    Business-software provider Infor said it purchased Vivonet Inc., which provides point-of-sale software to the hospitality industry. Terms were not disclosed. Global Payments Inc. announced its Heartland acquiring and technology unit has developed application programming interfaces, end-to-end encryption support, and other software for Ingenico Group’s Desk/3500 terminal. PayPal Holdings Inc. announced …

  • 17 September

    AmEx Experiments To Find the Right Solutions for the Post-Plastic World

    American Express Co. formed its Digital Labs unit less than a year ago, and it has plenty to do as it evaluates new payment forms and new ways to attract cardholders and merchants. Digital Labs is concerned with digital payments, digital ways of engaging with cardholders, and research and development, …

  • 15 September

    Saving ISO Programs From Outdated Legacy Systems

    The payments industry changes quickly as new regulations and market demands force continual improvement. Legacy systems struggle to keep up, and the ISOs on those platforms feel the pain. PaymentSpring felt it was time to change that by creating a flexible new processing platform that gives ISOs and software providers …

  • 14 September

    Debit Card Users Take a Liking to Apple Pay And Other Wallets, Pulse’s Annual Survey Finds

    More mobile and contactless opportunities may be in the future for debit card issuers. The 2018 Debit Issuer Study from Houston-based Pulse Network, released this week, found 12.2% of debit cards were enrolled in Apple Inc.’s Apple Pay as of January, up from 6.3% in January 2017. Debit card enrollment …

  • 14 September

    Grubhub Closes LevelUp Deal and other Digital Transactions News briefs from 9/14/18

    Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …

  • 13 September

    Surcharging and Cash-Discount Programs Continue To Attract ISOs

    Surcharges and discounts for cash aren’t brand-new pricing tactics, but interest in them by independent sales organizations is rising because of falling legal barriers and the potential profits. Repeated sessions about the topic were packed Thursday at the Western States Acquirers Association annual conference in Scottsdale, Ariz. The presenter was Ryan …

  • 13 September

    Face-to-Face Debit Fraud Fell 5.5% Last Year As EMV Took Hold, the Latest Pulse Survey Shows

    Good news for debit card issuers emerged Thursday as a major report indicated fraud losses fell in 2017 compared to 2016. Losses on point-of-sale transactions totaled an estimated $850 million, down 5.5% from the 2016 total, according to the 2018 Debit Issuer Study from the Houston-based Pulse Network, a unit …

  • 13 September

    Eye on Apple Pay: Pay for Parking Time With an Apple Watch Tap; More iPhones With Face ID

    Consumers using PayByPhone’s app for paid parking now have another option to extend their parking time. The Volkswagen AG-owned company launched a feature for Apple Watch users to add more parking time directly from the watch without using an iPhone or visiting the meter again. The PayByPhone Apple Watch app shows …

  • 13 September

    FreedomPay Scores Lincoln Financial Field Deal and other Digital Transactions News briefs from 9/13/18

    FreedomPay, a payments provider specializing in sports stadiums and hospitality venues, announced a multiyear agreement with Lincoln Financial Field, the home stadium for the Philadelphia Eagles, to process payments at more than 300 points of sale. Revenue from so-called over-the-top content-subscription platforms will rise dramatically in part because of streamlined …