Sunday , November 29, 2020

Electronic Bill Payment

Chase Adds BNPL Option and other Digital Transactions New briefs from 11/16/20

JPMorgan Chase & Co. is the latest to join the buy now, pay later trend with “My Chase Plan,” which allows holders of Chase consumer credit cards to pay off purchases over time with no interest. A monthly fee applies.Debit card use in mobile wallets soared 58.6% for the week ending …

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Small Business Transaction Update and other Digital Transactions News briefs from 11/12/20

Card-present and card-not-present transactions for small businesses in the CardFlight Small Business Report for Nov. 11 held steady from the week prior. Card-present transactions stood at 14.6% of sales, compared to 12.9% the week before. Card-not-present transactions were at 38.4%, compared with 37.2% a week earlier.MerchantE, a provider of technology to merchants …

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Eye on Digital Payments: How Covid Is Impacting Business Payments; Contactless Guidance Emerges

The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …

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Its SPAC Merger Behind It, Paya Reports Growth ‘Momentum’ From ACH

Paya Holdings Inc. is known for its base in integrated payments and for its processing concentration in card-not-present transactions. But what also became clear early Monday is its growing strength in bringing capability for automated clearing house payments to its roster of clients. “We have good momentum there,” said chief …

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USA Technologies Adds 15,000 New Connections and other Digital Transactions News briefs from 11/6/20

USA Technologies Inc., which provides technology to the vending industry for payments acceptance, reported 15,000 net new connections in its fiscal 2021 first quarter, bringing the total to 1,335,000. Revenue rose 13% from the previous quarter to $36.9 million, but was down 15% from the year-ago quarter. The company shaved …

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PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …

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Discover Volume up 11% and other Digital Transactions News briefs from 10/22/20

Discover Financial Services reported its payment-services volume totaled $69.7 billion in the third quarter, up 11% year-over-year. Volume on the Pulse debit network increased 16% to $55 billion owing to larger average spending due to the pandemic and to the lift from stimulus funds.Payments provider PaymentCloud Inc. said it acquired contactless technology startup …

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PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20

PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …

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BMO Adopts TCH’s RTP and other Digital Transactions News briefs from 10/12/20

BMO Financial Group, a unit of Bank of Montreal, announced it has linked to The Clearing House Payments Co. LLC’s Real-Time Payments network, enabling U.S. business clients to receive funds instantly from any sending bank connected to the network.ACI Worldwide Inc. said its Speedpay unit will allow customers of Entergy Services LLC, a …

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Clearent Acquires Wintac and other Digital Transactions News briefs from 9/23/20

Clearent LLC announced the acquisition of Wintac, a software developer for the residential contractor industry. Wintac will become part of FieldEdge, a Clearent subsidiary. Terms were not disclosed.Payments provider Priority Technology Holdings Inc. has completed a previously announced sale of its RentPayment business to real-estate technology provider MRI Software. Priority will continue to …

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