The pending acquisitions of two leading merchant processors by two leading core financial-institution processors are a “good thing,” Visa Inc. chief executive Alfred F. Kelly Jr. said Wednesday. “We’ve got very good relationships and a lot of history with all four of these players,” according to Kelly. His comments came …
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The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …
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Total System Services Inc. (TSYS) late on Tuesday said it has now deployed “thousands” of its new Vital point-of-sale devices, which were launched in January. The product is “showing strong out-of-the-gate momentum,” said M. Troy Woods, TSYS’s chief executive, during a call with stock analysts to discuss the Columbus, Ga.-based …
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KeyBank said it has begun issuing contactless-enabled Mastercard credit and debit cards. Diebold Nixdorf Inc. said KeyBank will upgrade its network of 1,400 ATMs with Diebold’s DN Vynamic portfolio of software applications that includes ATM management and more options for customers, including selection of bill denominations. Payments provider CCBill LLC announced …
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Blockchain startup Bleumi Inc. announced Tuesday it has launched two services, Bleumi Pay and Bleumi Invoice, for cross-border remittances. Bleumi Pay, a gateway that works with so-called stablecoins to avoid the price volatility afflicting cryptocurrencies like Bitcoin. The gateway will allow businesses and merchants to receive payments via Web site, …
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Payments provider Moneris Solutions Corp. launched Moneris Core, software that will run its new Verifone and Ingenico countertop devices. Point-of-sale software developer SpectrumSoft Inc. selected Electronic Payments and its TableTurn restaurant-management platform as a preferred vendor for payment-processing services. Business-to-business e-commerce payments provider Resolve Corp. announced that it has spun …
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Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The move appears to involve a Visa Inc. contactless rule that took effect this month that may have broader implications for U.S. retailers. The confirmation came in a tweet …
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Visa Inc. announced Monday the debut of Visa Next, a platform for issuers and issuer-processors that enables such options as the ability to create new digital card accounts on demand and instantly activate and tokenize digital accounts for e-commerce and mobile-wallet use. Visa Next offers a series of application programming …
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Apriva LLC, a payments provider for unattended retail, said its network will support the viv mobile-payments app from Vagabond, allowing college students to use virtual campus cards for vending-machine purchases. In related news, Apriva said it will support mobile payments for AveriGo LLC, a software provider for the vending and …
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Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …
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