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 …
Read More »Stripe, Adyen, and Toast Gain Among Top Acquirers, TSG Finds
While the top 10 roster of the largest merchant acquirers in the TSG Directory of U.S. Merchant Acquirers shows little variation from last year—JPMorgan Chase & Co. is still No. 1 at $2.61 trillion in volume in 2024—smaller players are moving into the upper ranks. Adyen NV, a Netherlands-based processor …
Read More »Visa Rethinks Authorize.net And Adds Unified Checkout, Fraud Protection Service
Visa Inc. will launch an updated Authorize.net, in what it calls a “reimagining” of the venerable gateway. Announced Thursday, the updated version will be available in the second quarter in the United States and in other markets later this year. Visa’s announcement was one of three it made, including a …
Read More »‘Debit With Benefits’ Debuts As Spire Launches Its Pay by Bank Service
What may be the first merchant-branded, automated clearing house-based pay-by-bank service has launched. Pay with Spire Inc., a Dallas-based payments provider, says its new Pay with Spire platform enables merchants to accept pay-by-bank transactions with no integration and at lower acceptance costs than credit or debit cards. Spire says the …
Read More »Eye on Acquiring: PAX Debuts Evolve App; Verifone’s $235 Million Investment
With payment terminals as a foundation, PAX Technology Inc. is extending its acquiring support into payments management with its new Evolve payment application. Meanwhile, Verifone Systems Inc. has lined up $235 million in investment in its latest funding exercise. PAX, which has a U.S. office in Jacksonville, Fla., says Evolve …
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