Business-to-business payments were one of the first use cases for instant payments when the RTP network from The Clearing House Payments Co. LLC debuted in 2017. As more businesses and consumers want to use such services, the use cases are evolving, with digital wallets—like PayPal and Venmo—now being the largest …
Read More »
Flexible Finance Inc. announced it has submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions for a charter for Flex Bank, a Utah state-chartered industrial bank. Flexible Finance is the company behind Flex Rent, which says it has processed more than $40 billion in rent payments for …
Read More »
Payments provider Kurv is applying the notion of all-in-one access not just for its merchants, but for its sales agents, too, with the release of Kurv Agent. The online portal contains several tools that agents might have had to access one-by-one. Among the suite of tools is the ability to …
Read More »
Verifone Inc. announced early Thursday it has been awarded a U. S. patent on technology that protects point-of-sale terminals and unattended payment devices from card skimming. The move comes as estimates indicate skimming losses grew 5% last year, reaching approximately $1 billion in the U.S. market. In skimming attacks, bad …
Read More »
A New York state lawsuit filed against Early Warning Services LLC and its Zelle peer-to-peer platform can continue, a judge ruled this week. Filed in August, the suit alleged Zelle failed to protect users from fraud. Zelle intends to appeal, Reuters reported. Forty-five percent of U.S. households expect to use a buy now, pay …
Read More »
Restaurant point-of-sale system maker Qu released Qu Pay, a service that combines payment processing, guest identity, order intelligence, and capital access into a single platform. Restaurant chain Roy Rogers was among the first to adopt Qu Pay. MNEE Pay, a stablecoin payment platform found that 62% of U.S. stablecoin holders have converted …
Read More »
Payments provider NMI has added to its point-of-sale terminal lineup the Axium SmartPOS, which works across merchant types. In related news, MagTek Inc. says it will provide digital access tokens, which replace keys and passwords, for Star Micronics devices. Schaumburg, Ill.-based NMI says the new terminal uses POS equipment maker …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
