Digital Transactions Authoritative, insightful and timely information for payments professionals

Every so often, evidence emerges that size is not necessarily linked to influence. Nacha, the governing body for the nation’s automated clearing house network, on Tuesday announced that North American Banking Co. has joined the ranks of direct members of the association. Direct members constitute a group of more than …

Buy now, pay later specialist Afterpay Ltd. said it is now available through its app to customers of Amazon, CVS, Dell, Kroger, Macy’s, Nike, Target, Walgreen’s, and other major brands.EVO Payments Inc. has added automated clearing house processing to its PayFabric gateway. EVO’s ACH processing can be integrated into a merchant’s Web site …

Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …

A survey from Fast, an online checkout provider, found that 86% of U.S. shoppers have abandoned an online shopping cart. Of the 1,004 consumers surveyed earlier this month, 55% said they would be more likely to make an online purchase if there was a quicker, easier way to buy directly from …

PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …

Less than a month after Paysafe Group Holdings Ltd. announced processing online gambling transactions will become a primary focus for the company, the strategy is quickly paying dividends as the processor has expanded its relationship with Golden Nugget Online Gaming Inc. to Michigan. The deal is an outgrowth of online-gambling …

Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees.  The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …

SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …

Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …

The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …

A payments trend that has gained some momentum during the pandemic is open banking, the idea that funds can validated and moved from an account to another one at a different bank inexpensively and by means other than cards or checks. On Thursday, that concept took a big step forward …

Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …

With its active user count having jumped 24% to 392 million during the pandemic, PayPal Holdings Inc. said it is moving more of its infrastructure and workloads to Google Cloud.CareTime, a software platform for home caregivers, introduced a capability to accept credit cards and e-checks within the platform.Wirex Ltd., whose platform allows consumers …

MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …

Despite posting significant gains in dollar and transaction volume in the first quarter, Zelle, the fast-growing peer-to-peer network operated by Early Warning Services LLC, says it has just begun to mine P2P payments’ growth potential.  Earlier this week, Zelle announced $106 billion was sent through its network on 392 million …

A processing failure has interfered with direct deposit of payroll for an undetermined number of businesses using Intuit Inc.’s QuickBooks payroll service. In response to numerous posts on Twitter about the incident, Intuit posted a link to the following notice: “Some payroll customers are reporting they have not received their direct deposit …

To help large businesses reduce payment transaction costs and provide another option for how they receive payments, Square Inc. on Wednesday announced it will accept automated clearing house payments on Square Invoices.  The addition of ACH payments could also enable Square to attract large, complex businesses—such as wholesalers, home-repair specialists, …

The real-time payments movement continues to build momentum in the United States with FIS Inc.’s announcement Wednesday of RealNet, a cloud-based, software-as-a-service platform that enables businesses, consumers, and governments to initiate account-to-account transactions. RealNet, which FIS describes as a network of networks, will leverage The Clearing House Payment Co. LLC’s …

As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …

Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …