Automated Clearing House

The nation’s automated clearing house network handled 7.5 billion transactions in the fourth quarter of 2021, up 6.1% over the same period in 2020, Nacha reported Thursday. The growth was driven largely by gains in health-care and business-to-business payments, as well as robust increases in same-day ACH, the network’s faster-payments …

Mastercard Inc. launched Mastercard Track Instant Pay, a platform enabling instant payment of supplier invoices via virtual card transactions supported by machine learning. The service is available in the United States now, with plans to expand globally.Nuvei Corp. has been approved by the New York State Gaming Commission to process payments for …

Mobile-payments provider Boku Inc. is selling its Boku Identity Inc. unit to cloud-communication platform Twilio Inc. for $26.1 million upfront and another $6.2 million payable later to cover indemnities.Payments provider Lightspeed Commerce said its NuOrder technology will support orders and payments for women’s fashion platform Intermix, which operates 31 boutiques and an e-commerce site.Text …

Mastercard Inc. said it is enabling Mastercard-branded cards to be used for purchases on Coinbase’s upcoming NFT marketplace. NFTs, or non-fungible tokens, are digital goods.Accounting-automation company Bookkeep announced integrations with Stripe, Sage Intacct, and NetSuite. The company, which serves more than 600 retailers and restaurants, also offers links to Shopify, Square, Amazon, and …

As part of its effort to help users of its Phixius payment-data network mitigate fraud and enhance payment-routing certainty, Nacha announced Thursday the network will enable originators, fintechs, and financial institutions that originate and receive electronic payments to verify payment-related information, such as account ownership, account numbers, and routing information. …

Fintech VeriCheck Inc. announced it has acquired Applied Payments LLC, which does business as ACHWorks, a payment-services provider specializing in automated clearing house transactions. Terms were not announced.Buy now, pay later provider Afterpay Ltd. said in-store shopping from its customers soared 384% year-over-year for the Oct. 1 to Dec. 27 period. Afterpay, available in …

The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …

To make cryptocurrency more accessible to the general public, BitPay Inc. on Tuesday announced a limited-time promotion with Simplex, a fiat-to-cryptocurrency gateway, to waive fees when BitPay wallet users purchase crypto using a credit or debit card. BitPay wallet users can buy the currency using the BitPay debit card or …

Building on the concept of transferring money directly from a bank account to a debit card, Astra Inc., a provider of bank-to-bank transfer technology, has introduced an application programming interface that enables money to be transferred from one debit card to another using the debit card networks.  The API, which …

Building on its strategy of enabling businesses to offer more, and speedier, options when it comes to disbursements, digital payments firm KyckGlobal Inc. is partnering with ACI Worldwide Inc. The partnership will enable businesses to initiate payments, such as refunds or insurance claims, to consumers through PayPal, Venmo, ACH, prepaid …