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May, 2021

April, 2021

  • 29 April

    FIS Unveils RealNet, a Network-of-Networks Approach to Real Time Payments

    The real-time payments movement continues to build momentum in the United States with FIS Inc.’s announcement Wednesday of RealNet, a cloud-based, software-as-a-service platform that enables businesses, consumers, and governments to initiate account-to-account transactions. RealNet, which FIS describes as a network of networks, will leverage The Clearing House Payment Co. LLC’s …

  • 26 April

    How Welcome Tech Will Use $35 Million in Fresh Funding to Serve Unbanked Hispanics

    Welcome Tech, a provider of digital financial services to unbanked and underbanked Hispanics, plans to leverage $35 million in new funding it secured last week to grow its customer base by about 1 million and add more financial services, such as a pathway to credit, to help bring its customers …

  • 21 April

    Amazon Expands its Amazon One Pay by Palm Technology to Whole Foods Stores

    Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …

  • 19 April

    San Francisco Becomes the Fourth Transit System to Adopt Cubic’s Contactless Payment App

    San Francisco late last week became the fourth city to roll out Cubic Transportation Systems’ mobile contactless-payment application, joining Washington D.C., Chicago, and Los Angeles. Consumers can use the white-label app and an iPhone or Apple Watch to purchase tickets from the 24 transit agencies that operate the city’s subway, …

  • 16 April

    As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental

    More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments Index for April. Released Thursday, the index shows that debit card use accounted for 35% …

  • 5 April

    Looking to Serve Bigger Payments, Nacha Sets a $1 Million Same-Day Limit for March 2022

    Nacha on Monday announced it will raise its dollar limit on same-day transactions 10-fold to $1 million starting next March. The move, which will come only two years after the governing body for the automated clearing house network raised the cap to $100,000 from the original $25,000 limit, comes as …

  • 2 April

    An Acquisition of AxiaMed Helps BofA’s Effort to Rebuild Its Acquiring Business

    With its acquisition of Axia Technologies Inc., also known as AxiaMed, Bank of America Corp. took a big step toward rebuilding its merchant-acquiring business. AxiaMed provides financial services and payments technology to health-care providers. Terms of the deal were not disclosed. The acquisition, announced Friday, gives Bank of America a …

March, 2021

  • 29 March

    On The Fly POS Adds Biometric Authentication to Stem Both Merchant And Consumer Fraud

    Seeking to reduce merchant-account fraud, also known as merchant bust-out fraud, and provide merchants with a way to authenticate consumers, payments-technology provider On The Fly POS is adding Ipsidy Inc.’s Identity as a Service (IDaaS) biometric identity-verification technology to its platform. Ipsidy’s app validates a merchant’s identity by comparing a …

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