The Clearing House Gets TSP Certification and other Digital Transactions News briefs from 10/19/17
Digital Transactions News staff
October 19, 2017
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, News, Transaction Processing
- From the Oops Department: First Data Corp. early Thursday quickly removed from its Web site an inadvertently posted press release saying it had a deal to acquire independent sales organization BluePay Holdings Inc. “First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, but that a potential transaction has not yet been finalized,” a First Data follow-up statement says.
- The Clearing House, a bank-owned payments firm, said it has become one of the first token service providers certified by Mastercard Inc. in the U.S. market and as such will provision and manage Mastercard-issued tokens on behalf of banks.
- American Express Co. announced that chairman and chief executive Kenneth I. Chenault, 66, will retire Feb. 1 after 37 years with the company, including the past 16 as CEO. AmEx named vice chairman Stephen J. Squeri as Chenault’s successor; Squeri joined AmEx in 1985 as a manager in its traveler’s check group and currently heads the Global Commercial Services and shared-services groups.
- AmEx also reported third-quarter results that include a 7% year-over-year increase in U.S. card-billed business to $176.4 billion and a 6% rise in discount revenue to $4.77 billion.
- NACHA, the governing body for the automated clearing house network, said nearly 2 million same-day ACH debits valued at almost $1.5 billion were made from Sept. 15, when the service launched, through Sept. 30. That’s an average of more than 178,000 per day at an average payment of $650.
- Alipay said its mobile wallet will be accepted at Poynt terminals across North America. The agreement with the point-of-sale terminal startup follows similar deals the Chinese mobile-payments service has struck with U.S. POS vendors to support Chinese travelers. Alipay claims 520 million registered users in China and other countries.
- In related news, merchant processor North American Bancard said it is supporting Alipay on its Electronic Payment Exchange platform.
- The Australian debit network eftpos will use token-service technology from Rambus Inc. to support Apple Pay in that country.
- In related news, Cornercards, a prepaid program manager in the United Kingdom, has integrated Apple Pay into its platform.
- London-based payments provider Payza announced its Global ISO Program, aimed at allowing independent sales organizations in more than 190 counties to earn commissions by marketing Payza to online businesses.
Digital Transactions Authoritative, insightful and timely information for payments professionals
