Thursday , August 5, 2021

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Repay Expands Its Footprint with Ventanex Acquisition

Payment-services provider Repay Holdings Corp. continued its run of acquisitions Monday when it announced it bought Ventanex for up to $50 million. Ventanex is an integrated-payments provider operating in consumer finance, especially mortgage-loan servicing, business-to-business health-care payments, and some other segments. Founded in 2012 and based in the Dallas suburb …

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Brink’s Makes a Significant Investment in MoneyGram

MoneyGram International Inc. is proving adept at attracting diverse investors. Cash-management provider The Brink’s Co. announced Thursday that it has invested $9 million in MoneyGram stock for a 4.95% stake in the company. The Brink’s investment comes in the wake of the $50 million Ripple Labs Inc., developer of the …

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Report: Changes in Visa’s Interchange Rate Schedule Coming This Year

Visa Inc. reportedly is planning interchange rate changes that could raise merchants’ acceptance costs for card-not-present transactions but lower costs in some other categories, including purchases at big grocery-store chains. Citing a Visa document circulating among the network’s client banks, the Bloomberg news service reported Tuesday that interchange for a …

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ACH Transactions Rose 8% in 2019 While Payment Value Increased 9%

The value of payments on the automated clearing house network grew by more than $1 trillion in 2019 for the seventh straight year and transactions increased by more than 1 billion for the fifth consecutive year, ACH governing body Nacha reported Monday. Total payments came to 24.7 billion transactions, up …

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Visa Gets a Lift From E-Commerce, Contactless Payments, and Tokenization

Improved online payments, tokenization, and contactless transactions all gained ground in 2019’s last three months for Visa Inc. as the network’s payment volume grew 8% year-over-year. Visa reported total U.S. payment volume of $1.06 trillion in its first quarter of fiscal 2020 ended Dec. 31, a 7.8% increase from $980 …

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Mastercard Reports Strong Volume Growth, but Is Keeping an Eye on the Coronavirus

Mastercard Inc. on Wednesday reported double-digit growth in fourth-quarter purchase volume and transactions, but reduced economic activity from the Coronavirus that originated in China could put a crimp on growth early this year. “We’ll take this as it comes, one step at a time,” Mastercard chief executive Ajay Banga said …

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The Apple Card Boosts iPhone Sales While Apple Pay Heads Toward 15 Billion Transactions

The Apple Pay mobile-payments service is generating 15 billion transactions a year, and Apple Inc.’s new Apple Card helped lift sales of the company’s flagship product, the iPhone, Apple chief executive Tim Cook said Tuesday. “For Apple Pay, revenue and transactions more than doubled year-over-year, with a run rate exceeding …

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Despite Increasing Adoption, There’s Room for Improvement in Mobile Deposits, Study Finds

Mobile remote deposit capture has made big gains in recent years, but there’s still room to improve the service, according to new survey findings. Deficiencies in financial institutions’ mobile-capture offerings include error identification and tracking, unclear notices of funds availability, and overly restrictive risk-control policies, according to Ron Shevlin, director …

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The Clearing House To Raise RTP Transaction Limit to $100,000

The Clearing House Payments Co. LLC, operator of the Real Time Payments network, said Thursday that it will raise the RTP transaction limit from the current $25,000 to $100,000 effective Feb. 1. Steve Ledford, TCH senior vice president of product strategy and development, tells Digital Transactions News the limit is …

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Why the Business-to-Consumer Payout Market Is a Hot Payments Niche

Business-to-consumer payouts are attracting a small but growing cadre of payment processors and fintechs eager to exploit a multi-trillion-dollar market where checks and automated clearing house direct deposits have a heavy presence, according to a new report. The report from Aite Group LLC analysts Talie Baker and Erika Baumann identifies …

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