Thursday , April 19, 2018

Transaction Processing

Zelle’s Rx Includes Strong but Simple Messaging, Emphasis on Requests, and Greater Generational Appeal

The newbie bank-controlled Zelle person-to-person payments service already is a major player on the P2P scene, but it could win even greater adoption through clear messaging, a mobile-first orientation, more emphasis on its underutilized request feature, and an appeal beyond Millennials. Those and many other recommendations and observations are included …

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The Bancorp Bank Settles With the FDIC and other Digital Transactions News briefs from 3/8/18

Mobile-payment and -loyalty provider LevelUp announced an integration with Gusto Point of Sale, a vendor of Web, kiosk, and mobile technology for restaurants. Under a settlement between the Federal Deposit Insurance Corp. and The Bancorp Bank, the prepaid card issuer is to pay a $2 million fine and nearly $1.3 …

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A Trio of States Are Now Looking at Cryptocurrency for Tax Payments

Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …

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Some Debit Card Fraud Increased in 2017 and other Digital Transactions News briefs from 3/7/18

The number of debit cards compromised at ATMs and merchant terminals increased 10% in the United States last year, according to antifraud-technology vendor FICO. Newtek Business Services Inc., owner of Newtek Merchant Solutions and Premier Payments LLC, says its payments unit processed $6.1 billion in volume last year. Point-of-sale terminal …

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WePay Deal Could Put TouchBistro’s POS Service on the Payment Menus of More U.S. Restaurants

Some 12,000 restaurants in 100 countries already use Toronto-based TouchBistro Inc.’s iPad-based point-of-sale software, but a new agreement with JPMorgan Chase & Co.’s WePay subsidiary could put TouchBistro in touch with many more U.S. eateries. TouchBistro and Chase on Tuesday unveiled TouchBistro Payments Powered by WePay, which will launch this …

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Paysafe Will Be the First ISO To Market VeriFone Connect And Related Devices

Payments provider Paysafe is the first reseller of VeriFone System Inc.’s Verifone Connect service among independent sales organizations, VeriFone announced Tuesday. Verifone Connect is a suite of point-of-sale services, such as payment acceptance, point-of-sale terminal management, and business-management tools, that works with VeriFone’s Carbon and Engage devices. London-based Paysafe is …

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PayPal Anticipated Cryptocurrency Processing Slowdowns a Year Before They Became a Problem

The cryptocurrency world often gets feverish upon news that an established power in payments or financial services has turned its attention to matters of Bitcoin or its cohorts. Such was the case Monday when reports surfaced that PayPal Holdings Inc. had applied for a patent for a so-called “expedited virtual …

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Why Amazon Is Talking to Banks About a ‘Checking Account’ for Its Customers

Amazon.com Inc.’s interest in launching a checking-account-like product, reported Tuesday by The Wall Street Journal, could have deep roots in its strategy both for payments in general and for Amazon Pay, the payment wallet it operates for non-Amazon sites, expert observers say. Talks between the Seattle-based retailing colossus and banks …

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Blackhawk’s Wells Fargo Deal and other Digital Transactions News briefs from 3/6/18

Point-of-sale software maker GiftLogic said its product now supports the Ingenico iCMP wireless POS terminal with Vantiv Integrated Payments. Prepaid and gift-card specialist Blackhawk Network Holdings Inc. said it will supply the gift card products for Wells Fargo’s Go Far Rewards program. Blackhawk is managing the gift card reward element …

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Chase To Offer Canadian Small Businesses Lower Discount Rates for AmEx Payments

The Canadian Federation of Independent Business announced Monday an agreement with JPMorgan Chase & Co.’s Chase Merchant Services that the trade group of small and medium-sized merchants says could bring cuts of nearly 50% for accepting American Express Co. cards to its 110,000 members. The Toronto-based CFIB said Chase, its …

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