Thursday , April 25, 2024

Digital Transactions News staff

TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24

The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …

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Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …

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Zil Money Surpasses $70 Billion in Volume and Other Digital Transactions News briefs from 3/8/24

Zil Money Corp. reported its automated check-payment app, OnlineCheckWriter.com, has passed $70 billion in volume since its inception in 2018. The service relies on various payment methods, including the automated clearing house, real-time payments, and QR codes. The payments platform Nayax Ltd. announced an offering of 3.13 million of its ordinary shares at …

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PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

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PayRange Battles Alleged Patent Misuse And Other Digital Transactions News briefs from 3/6/24

Unattended payments specialist PayRange Inc. said it filed a patent infringement lawsuit against CSC ServiceWorks, an operator of laundry machines in multi-family housing and college dorms. This is in addition to a previous patent infringement suit it filed in March 2023 against CSC ServiceWorks. In the new suit, PayRange seeks more than …

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CFPB’s New Card Late Fees Cap and other Digital Transactions News briefs from 3/5/24

The Consumer Financial Protection Bureau finalized a rule that caps late fees on credit card payments to $8, down from a typical $32. The rule goes into effect 60 days following its publication in the Federal Register. Other provisions include ending automatic annual inflation adjustment on the fee and requiring larger card …

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Galileo’s RTP Addition and other Digital Transactions News briefs from 3/4/24

Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

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Relay’s Solid Rock Work and other Digital Transactions News briefs from 3/1/24

Relay Payments Inc. said it is providing payment services to Solid Rock Carriers, an over-the-road trucking company. The move should help Solid Rock’s efforts to streamline payments and reduce fraud, Relay said. Payments provider Payoneer Global Inc. posted fourth-quarter revenue of $224.3 million, a 22.2% increase from $184.6 million in the 2022 fourth …

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Qu Lands GoTo Foods POS Deal And Other Digital Transactions News briefs from 2/29/24

Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations. Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up …

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Mastercard’s Issuer Benefits And Other Digital Transactions News briefs from 2/28/24

Mastercard Inc. launched its Open Banking for Account Opening program, aimed at U.S. issuers of consumer and small-business debit cards and issuers of consumer prepaid cards. The program aims to verify account ownership, reduce account abandonment, and cut non-sufficient funds returns. Brivo, a provider of technology for building access, has added …

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