Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …
Read More »U.S. Bank Acquires Salucro and other Digital Transactions News briefs from 8/22/24
U.S. Bank has acquired Salucro Healthcare Solutions LLC, a 20-year-old provider of payments and billing technology for the health-care industry. Terms were not announced. The bank first invested in Salucro in 2022 and has sold its services through Elavon, the bank’s payments entity, as a product called MedEpay. Relay Payments, a …
Read More »Jack Henry Revenue up 4.7% and other Digital Transactions News briefs from 8/21/24
Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …
Read More »Hotels.com Picks Affirm and other Digital Transactions News briefs from 8/20/24
Affirm Inc. said it will work with Hotels.com to allow consumers to book rooms and pay over time. The move builds on Affirm’s existing partnerships with Expedia Group. Shopping-app installs increased 61% in the first half of the year compared to the same period last year, according to Adjust’s shopping-app insights report. myKaarma, …
Read More »Gen Z Digital Wallet Love and other Digital Transactions News briefs from 8/19/24
Interac Corp., Canada’s national debit network, said 69% of Gen Z Canadian adults have embraced the mobile wallet, while 63 % prefer to leave their physical wallet at home for short trips, according to a recent survey. Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60%), …
Read More »Flexa Components Debuts and other Digital Transactions News briefs from 8/16/24
Flexa, a digital-currency platform, has launched Flexa Components, a program aimed at easing wallet-based point-of-sale payments with cryptocurrencies. In related news, gift card platform Raise said it will accept cryptocurrency in its Raise App, used by 6 million consumers, according to the company. Payments-technology provider Sionic has launched a fraud-detection and mitigation service aimed …
Read More »FIS’ New P2P Payments Service and other Digital Transactions News briefs from 8/15/24
FIS Inc. said it will make a peer-to-peer payment service from Neural Payments available to its banking customers. The white-label product enables bank customers to transfer money from their accounts to anyone, regardless of weather the recipient’s financial institution uses Neural Payments and without the need to download a third-party app …
Read More »Lightspeed’s New Data Tool and other Digital Transactions News briefs from 8/14/24
Lightspeed Commerce, a specialist in hospitality payments, launched Retail Insights, a data service for merchants. Shift4 Payments Inc. announced it will process all ticket sales and foodservice payments at Gainbridge Fieldhouse in Indianapolis, the arena for the Indiana Pacers of the National Basketball Association. U.S.-based fintech software firm OMNIQ Corp. said …
Read More »X9 To Develop New QR Code Payments Standard and other Digital Transactions News briefs from 8/13/24
The Accredited Standards Committee X9 Inc. has begun work on a new QR code payments standard. The goal is to establish the content of a QR code for payments, emphasize interoperability, and include both merchant-presented and consumer-presented QR codes. X9 said the standard is needed to accelerate the adoption of instant payments. Block …
Read More »EasyPark’s Vancouver Parking Plans and other Digital Transactions News briefs from 8/12/24
Sweden-based EasyPark Group, a provider of mobile apps for parking payments, is working with parking-technology firms ZipBy and Fennix to enable parking and gate-entry at parking lots throughout Vancouver, British Columbia. EasyPark expanded into North America in 2021 with its acquisition of Park Now Group, which included ParkMobile LLC. EasyPark acquired Park …
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