Saturday , April 20, 2024

Automated Clearing House

A New $1-Million Same-Day Limit Makes Itself Felt in the ACH’s Latest Results

The U.S. automated clearing house network saw a double-digit increase year-over-year in transactions in the second quarter while dollar volume ballooned 94%, the network operator Nacha reported Tuesday morning. The volume of all transactions on the system, meanwhile, reached 7.5 billion, up from 7.3 billion in the first quarter. Helping …

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AmEx Launches SMB Global Pay Service And Other Digital Transactions News briefs from 8/2/22

American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …

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ACH-Based Dutchie Pay Debuts And Other Digital Transactions News briefs from 7/21/22

Dutchie, a provider of commerce technology for cannabis businesses, launched Dutchie Pay, which allows consumers to pay online with transactions handled on the automated clearing house network.One Inc announced Harford Mutual Insurance Group has adopted its ClaimsPay service to process claims payments digitally.The fintech Airwallex said it has launched its Online Payments App …

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Nayax’s Self-Checkout Kiosk And Other Digital Transactions News briefs from 7/13/22

Payments platform Nayax Ltd. announced the availability of the Nova Market self-checkout kiosk in its U.S. e-commerce shop. The device is aimed at micro-merchants.Open Payment Network said its application programming interface is linking Bridge Community Bank to The Clearing House Payments Co. LLC’s real-time payments network.CGI Technologies and Solutions Inc. announced that Peoples Trust …

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E-Commerce Sales up 7.5% so Far And Other Digital Transactions News briefs from 7/12/22

U.S. consumers have spent $451.7 billion online through June, a 7.5% year-over-year increase, Adobe Inc. said in its Adobe Digital Price Index.Payments association EPCOR announced its acquisition of the Central Oklahoma Clearing House Association, which includes its fraud alert and settlement service. Terms were not disclosed.Payments provider Digital River said it will integrate its Global Seller …

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Usio Feels the Bite of the Crypto Meltdown, But Sees a Boost In ACH Volume

Despite increasing its automated clearing house volume in June, Usio Inc.’s overall processing volume is taking a temporary hit as one of its clients, digital-asset broker Voyager Digital LLC, announced it is suspending all buying and selling of cryptocurrency though its platform. San Antonio-based Usio made the announcement about the …

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How GoCardless’s Deal for Nordigen Bolsters Its Position in Opening Banking

GoCardless Ltd., a specialist in the burgeoning field of account-to-account transfers, strengthened its hand Friday with the acquisition of Nordigen Solutions, a Latvian-based open-banking platform provider, for an undisclosed sum. The deal will allow GoCardless to connect to more than 2,300 banks in 31 countries to enable account-to-account payments, a …

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Bitcoin Depot Launches Cash-Loading Crypto App and other Digital Transactions News briefs from 7/1/22

Bitcoin Depot, a Bitcoin ATM operator, launched BDCheckout, an app that lets users in North America load cash to their Bitcoin Depot digital wallets, which can then be used to buy Bitcoin. Bitcoin Depot is working with InComm Payments’ VanillaDirect barcode platform to offer the service.The big French processor Worldline S.A. said …

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Clover Sport in 300 Venues and other Digital Transactions News briefs from 6/13/22

Fiserv Inc. said more than 300 sports and entertainment venues are now using Clover Sport to provide payment and marketing services to fans. Clover Sport is based on Fiserv’s Clover point-of-sale technology.MoneyGram International Inc. launched a service that supports money transfers via the Stellar Network’s public blockchain and USD Coin, a stablecoin from Circle Internet …

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90% of Transactions Use EMV Tech and other Digital Transactions News briefs from 6/8/22

EMVCo reported the number of EMV chip cards in circulation globally has grown by 1.1 billion over the past year to a total of 12 billion. Some 68% of all cards issued are now EMV-enabled and 90% of all card-present transactions use EMV chip technology, according to the global standards body.Paysafe …

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Digital Transactions