Saturday , April 20, 2024

Pamela Joseph Named TSYS President and other Digital Transactions News briefs

The nation’s movement toward faster payments took a step forward with Early Warning LLC’s announcement that it is now processing real-time peer-to-peer payments for Bank of America Corp. and U.S. Bancorp. Customers of these banks can send payments via mobile or online banking apps to other customers of either bank, who would then have immediate funds availability. The two financial institutions account for 22 million mobile-banking customers. Transactions are being handled by the clearXchange P2P platform, which the bank-owned Early Warning acquired last year.

• Processor Total System Services Inc. (TSYS) named Pamela A. Joseph, who retired from U.S. Bancorp’s Elavon Inc. processing unit in 2015, as president and chief operating officer beginning May 1. She also became a member of the TSYS board of directors.

Merchant processor iPayment Inc. has updated two of its technology platforms featuring simpler user interfaces. One, iAccess 3.0, provides daily performance statistics and reporting tools, and iEntry 2.0 simplifies the merchant application process.

• Payments software provider and processor ACI Worldwide Inc. says United Kingdom-based retailer John Lewis has renewed a services deal with ACI.

• Visa Inc., in a study conducted by Moody’s Analytics, found the use of electronic payment products, including credit, debit and prepaid cards, added $296 billion to the gross domestic product as measured in 70 nations between 2011 and 2015.

Passport Parking, which specializes in parking payments, has added the ability to pay parking tickets to the Park Omaha app consumers can use in Omaha, Neb.

• Payments provider Zooz Inc. says on-demand taxi service Gett is now using Zooz for its payments.

Jack Henry & Associates Inc.’s ProfitStars division introduced its ECS RDC Conversion remote deposit capture service for financial institutions to offer merchants.

• DataVisor Inc., a fraud-detection service, debuted the DataVisor User Analytics Service, which clients can use to be alerted to fraudulent user accounts in the early stages.

• The U.S.-based Fast IDentity Online (FIDO) Alliance, sponsors of open standards for strong authentication, announced NTT Docomo Inc., Japan’s largest mobile-network operator, has expanded deployment of FIDO’s authentication to millions of customers using iPhones with TouchID. The action adds to an earlier deployment to Docomo customers using Android devices.

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