Digital Transactions Authoritative, insightful and timely information for payments professionals
- Payroll-software provider Paychex Inc. introduced same-day debits processing on the automated clearing house. The new functionality allows employers to initiate corrections or reversals the same day the payroll is processed. Under ACH rules, same-day debits started Friday.
- Frost Bank introduced “Send Money with Zelle” on its Frost app. Zelle is a bank-controlled person-to-person payments network launched earlier this year.
- The Federal Trade Commission confirmed that it is investigating the data breach at credit-reporting agency Equifax Inc. in which hackers gained access to 143 million credit records and more than 200,000 payment cards, Reuters reported.
- Revel Systems, a provider of payments equipment for merchants, announced Revel Advantage, a program that processes multiple payment types as an integrated function of the Revel service.
- Bank of America Merchant Services said it is offering free Clover Go mobile-payment devices to BAMS merchants in FEMA-designated disaster areas impacted by hurricanes Harvey and Irma.
- First Data Corp. said Valley National Bank, which has more than 200 branches in New Jersey, New York, and Florida, will refer its business clients to First Data for merchant-processing services under a new long-term agreement.
- Fujitsu America Inc. introduced a cloud-based “biometrics-as-a-service” product for businesses’ authentication needs.
- The Electronic Funds Transfer Association issued a press release summarizing the 40-year-old payments trade association’s accomplishments.
Related Articles
Check Also
In an Abbreviated Call, Discover Sticks to the Numbers And Stays Mum About Cap One
Executives at Discover Financial Services Inc. early Thursday cut short their first-quarter 2024 earnings call, …