News

December, 2023

• 6 December

  Pidgin Partners With Modern Banking Systems to Bring Real-Time Payments to Small Banks

  

  Payments-platform provider Pidgin Inc. will work with Modern Banking Systems, a provider of core bank-processing technology, in an effort to bring real-time payments capability to community banks. Pidgin’s platform supports real-time processing through multiple payment rails, including FedNow and The Clearing House Payments Co.’s Real-Time Payments network. The deal was …
• 6 December

  Software Firm Endava Signs on for an Integration With the Upcoming Paze Wallet

  

  Paze, the upcoming digital wallet backed by banks, has lined up an integration with Endava plc, a software-development firm. Announced Wednesday, the integration, which will be available when Paze launches in 2024, means merchants that use Endava can offer the Paze online checkout. London-based Endava says the simplified checkout will …
• 6 December

  KyckGlobal’s Cash Bill-Pay Option And Other Digital Transactions News briefs from 12/6/23

  

  Exceleron, a payments service for utility companies, said it is working with payments platform KyckGlobal to allow persons to pay a utility bill with cash at certain ATMs. Dash Solutions acquired KyckGlobal in August. Payments and loyalty platform Givex announced an integration with Uber Direct to enable merchants to add on-demand delivery service to …
• 5 December

  Visa Enhances Merchant Security in the Era of Digital Fraud

  

  As the digital economy continues to grow, people are relying on virtual transactions more than ever. But with the expansion of digital money movement comes new opportunities for fraudsters to exploit merchants and their customers. In today’s economy, fraudulent activity can happen anywhere, to just about anyone. Digital cybercriminals are …
• 5 December

  Adyen Enters the Acquirer Role for Tech-Centered Payments Provider Klarna

  

  Financial technology platform provider Adyen NV late Monday announced it will become the acquiring bank for global payments platform Klarna AB next year for markets in North America, Europe, and Asia. The deal expands the companies’ more than decade-old partnership through which Adyen offers Klarna’s payment options to consumers, including …
• 5 December

  COMMENTARY: Why Networks Should Welcome, Not Fear, Open Banking

  

  As readers of this article likely know, banks have traditionally kept customers’ financial data within their own closed systems. Open banking allows for financial data to be shared between banks and third-party service providers, using application programming interfaces. With open banking, consumers can dictate what data can be shared with …
• 5 December

  Navy Federal’s Real Time Deposits And Other Digital Transactions News briefs from 12/5/23

  

  Navy Federal Credit Union reported it took in more than $2.7 billion in real-time deposits on its first full day of real-time payments service on The Clearing House Payments Co.’s Real Time Payments (RTP) network. Shift4 Payments said it will process ticket and in-venue concession sales for the Baltimore Ravens National Football League …
• 4 December

  Small Businesses Are Falling Down Online, Gen Zers And Millennials Say

  

  Small businesses are failing to offer the online experiences Gen Zers and Millennials expect, especially when it comes to payments, reveals a survey by GoDaddy Inc., an Internet domain registry and payments-technology company. While 73% of Gen Zers and 83% of Millennials say a buy online, pickup in-store (BOPIS) option …
• 4 December

  A Benefits Firm Picks Usio for Multiple Payments Assistance

  

  Payments provider Usio Inc. says benefits administrator Genius Avenue will use multiple Usio payments products, including automated clearing house transfers and a prepaid card program, to serve its customers. Announced Monday, the partnership integrates Usio’s payments services with the Genius Avenue platform. Tucson, Ariz.-based Genius Avenue is keen to tap …
• 4 December

  MiCamp and Cocard Deepen Alliance And Other Digital Transactions News briefs from 12/4/23

  

  MiCamp Solutions said it increased its investment and involvement with Cocard, a unique owner-operated independent sales organization. Terms were not disclosed, though MiCamp said collectively the alliance will serve more than 46,000 merchants and process more than $40 billion in annual transaction volume. Payments provider Nuvei Corp. has agreed to process online transactions …