Monday , March 4, 2024

News

March, 2024

  • 4 March

    Zelle Posts Strong Growth for 2023 And Its Single Largest Quarter for Growth in Q4

    Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced late Monday a 28% increase in transaction volume in 2023 and that the fourth quarter of 2023 was its single largest quarter based on volume since its launch in 2017. Overall, Zelle handled 2.9 billion transactions totaling $806 …

  • 4 March

    Eye on Travel: AmEx’s New Virtual Card for Small-Business Travel and Expenses; IHG Hotels Endorses Grazzy for Digital Tipping

    American Express Co. unveiled a virtual card for travel and spending management under a new integration announced Monday. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx virtual card will be available …

  • 4 March

    COMMENTARY: The Only Sure Thing These Days Is the Need for Improved Cross-Border Payments

    There are a lot of conflicting economic forecasts about what lies ahead for the rest of 2024. Of course, it is said that economic forecasting exists only to validate astrology, but two things are certain: increased global trade and shifting populations due to migrations by higher-income-seeking migrant labor. Both of …

  • 4 March

    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 …

  • 1 March

    Newly Independent NCR Voyix Reports Platform Growth

    In its first earnings report since its split from the former NCR Corp., point-of-sale and digital-commerce technology provider NCR Voyix Corp. on Thursday said it added 14,000 sites to its platform in 2023. Atlanta-based NCR Voyix’s platform handles payments, business-management and marketing functions for retailers, restaurants, and banks, and the …

  • 1 March

    Nacha Campaigns Take Aim at Money Mules and Tout Benefits of Direct Deposit

    With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …

  • 1 March

    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 …

February, 2024

  • 29 February

    Is Shift4 Seeking a Buyer? News Reports Say So, But the Company Stays Mum

    Shift4 Payments Inc. went public in June 2020 after more than two decades as a privately held processor, but now its senior management may be looking for greater returns via an acquisition by an outside company. Both the processing giant Fiserv Inc. and a Spain-based reservations-processing company called Amadeus could …

  • 29 February

    Card Issuers Rank Highest in BNPL Satisfaction, J.D. Power Finds

    Credit card issuers claimed the top three spots in J.D. Power’s second annual buy now, pay later satisfaction study, with American Express Co.’s Plan It topping the list. JPMorgan Chase’s My Chase Plan and Citibank’s Citi Flex Pay rounded out the top three. American Express’s Plan It, which it launched …

  • 29 February

    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 …

Digital Transactions