Small businesses experienced a single boost in April from March, according to the Fiserv Small Business Index. The metric increased from 150 in March to 151 in April, Fiserv Inc. says, reflecting activity from small businesses providing more essential services. Consumers, however, have pulled back on their discretionary spending. “Small …
Read More »Walmart’s Pay by Bank Project Remains on Track for 2025
A test this past September of a real-time pay by bank payments option inside the Walmart app indicates the service is on track for a broader debut in 2025, Digital Transactions News has learned. Speaking at the Nacha Smarter Faster Payments 2025 conference in New Orleans, Sarah Arnio, Walmart Inc. …
Read More »The Request for Payment’s Promise for Real-Time Payments
Request for payment on the RTP network from The Clearing House Payments Co. LLC has been a feature since the network launched 2017, but users’ increasing embrace of RfP is triggering more development of it. With real-time processing backing it, the RfP option allows billers and merchants to receive nearly immediate payment …
Read More »Square Releases Revised Point-of-Sale App With Custom Modes
Square is a long way from just offering a plug-in card reader dongle and there may be no better evidence of that with its fully revised Square Point of Sale app. This iOS and Android app enables merchants (Square calls them sellers), to pick and choose which services, such as …
Read More »Same-Day ACH Volume Rises 19%
Business, consumer, and government use of the automated clearing house network continues on its growth pace with overall ACH payment volume up 4.2% in the first quarter year-over-year. Same-day ACH, Nacha’s faster-payments offering, experienced a 19.1% jump in payments. Same-day ACH volume, as revealed Wednesday by Nacha, totaled 326 million …
Read More »Eye on Cards: TDS Employs Card Compliant for Its Issuing Program; FNBO’s New MGM Mastercard
TDS Gift Cards wants to make it easier for merchants to use its gift card program while the First National Bank of Omaha is leveraging its issuing prowess to market MGM Rewards in a new credit card. TDS, a unit of New York City-based Ziff Davis Inc., says it is …
Read More »Business Email Compromise Remains the No. 1 Fraud Attempt Avenue
An email from a work colleague requesting a funds transfer may seem routine, but quite often it could lead to serious fraud if completed. That type of fraud—business email compromise—is the top avenue for attempted and actual payments fraud, according to the 2025 AFP Payments Fraud and Control Survey. Released …
Read More »U.S. Bank Tethers Payment Acceptance to a New Business Banking Account
U.S. Bank is stepping up its efforts to entice merchants to use its business checking account with the ability to accept credit and debit card payments. Announced Monday, the U.S. Bank Business Essentials account enables merchants to accept card payments and be eligible for free same-day access to their funds …
Read More »Eye on E-Commerce: Weee! Adds Online SNAP/EBT; Synchrony’s Adobe Commerce Integration
Online Asian grocer Weee! is adding SNAP/EBT acceptance to its site via a partnership with Forage Technology Corp. Inc. while financial services entity Synchrony Financial marks an integration with Adobe Commerce to offer its financial products on merchant Web sites. Fremont, Calif.-based Weee! says its agreement with Forage enables its …
Read More »Lightspeed’s Retail Forecasting Tool; Ingenico’s SoftPOS Certification
With a renewed emphasis on retail merchants, Lightspeed Commerce Inc. is launching a tool to help retailers data and inventory forecasting. In related news, point-of-sale terminal maker Ingenico says its SoftPOS software development kit achieved a PCI Security Standards Council certification. Montreal-based Lightspeed announced the its four-part plan to boost …
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