Tuesday , September 28, 2021

23.1 Billion ACH Payments in 2020 and other Digital Transactions News briefs from 3/31/21

  • The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, up almost 11%.
  • Piestro, a provider of automated pizzerias, said it is working with PopID Inc. to authenticate and initiate payments via facial recognition.
  • Marble, a digital wallet for insurance, said it is opening its platform to any U.S. policyholder. Users can compare policies, pay premiums, and earn rewards through the app.
  • The Credit Union of Texas added credit card processing services from credit union service organization PSCU in addition to debit processing, PSCU said.
  • Payments technology provider Electronic Payments said it added a touchscreen customer-facing display to its Exatouch POS device.
  • Scientific Games Corp., a technology provider for the gaming and lottery industries, launched a platform for instant-game purchases at checkout in a partnership with Kroger, the Kentucky Lottery, and Blackhawk Network.
  • Blockchain-technology provider Ripple Labs Inc. said it has agreed to acquire a 40% stake in Tranglo, a cross-border payments provider in Asia.
  • Prepaid card program and digital-banking services provider Paysign Inc. launched its Paysign Premier referral program to offer businesses access to digital-banking technology for outgoing payments, such as payments to contractors or gig workers.
  • Payments gateway Blue Payment Agency said it is processing credit cards for online sales of guns and background checks for those sales in the state of Maine.
  • Ravkoo, a platform provider for prescription fulfillment, said it has forged an integration with payments-technology provider Everyware Inc. to offer contactless payment for pharmacies and physicians.

Check Also

Startup Clik2pay Enables Consumers to Tap Their Bank Account For Online Purchases

Seeking to provide online merchants with a lower-cost payment option and consumers a better user …

Digital Transactions