December 29, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Real-time Payments, Transaction Processing
Nacha, the automated clearing house rules maker, and its Payments Innovation Alliance, a group of corporations, third-party processors, fintechs, and financial institutions, expanded the ACH Quick Start Tool, which helps smaller businesses learn about the ACH.Also, Nacha launched the Faster Payments Project Team to help organizations learn about faster payments and its capabilities.Starting Jan. …
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December 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Law and Regulation, Marketing, Point-of-sale, Transaction Processing
Little by little and step by step, merchants have been taking tighter control over their payments businesses. No longer merely the endpoint in a cardholder’s lifecycle, merchants are leveraging fintech in ways not possible just a few short years ago. This is why we’re seeing the big fintech-centric acquirers like …
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December 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Transaction Processing
The payments industry operates on a continuum of varying degrees of politicization, imposed and self-imposed. For maximizing value, less is better. Increased politicization will challenge the payments industry in 2021. U.S. regulators have already exercised enormous discretionary power over payments, sometimes lawlessly. Hatched by the Department of Justice in 2013, …
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December 24, 2020
Acquiring, Competitive Strategies, Digital Currency, Electronic Bill Payment, Issuing/Originating, Law and Regulation, Marketing, Person-to-Person Payments, Point-of-sale, Transaction Processing
MoneyGram International Inc. said it is will “continue to monitor for any potential impact” from a recent lawsuit against cryptocurrency payments firm Ripple Labs and two top executives by the U.S. Securities and Exchange Commission. MoneyGram has used Ripple’s foreign exchange blockchain since June 2019 to trade in four currencies, though the company …
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December 23, 2020
Acquiring, ATMs, Automated Clearing House, Competitive Strategies, E-Commerce, Electronic Checks, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …
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December 22, 2020
Competitive Strategies, Credit Cards, Digital Currency, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Bill payment provider Plastiq launched cash payments, which allows users to make any payment through a linked bank account. Plastiq already enables bill payment via credit cards.InComm Payments has launched an App Store card in Taiwan in partnership with Apple Inc. The cards are being sold through 9,500 7-Eleven and FamilyMart stores on …
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December 21, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Card-not-present transactions continue to grow at financial institutions that use PSCU, a credit union service organization. In its weekly report released Monday, PSCU said CNP accounted for 55.5% of credit card purchase volume and 47.9% of transactions for the week ending Dec. 13. For debit, CNP represented 43.9% of purchase …
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December 21, 2020
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Fast-food chain Burger King is depositing $1 into random Venmo accounts to promote the chain’s $1 Your Way Menu, which features all items at a price of $1. Venmo is a peer-to-peer payments provider owned by PayPal Holdings Inc.Blackhawk Network said it has added a capability to order gift cards for curbside pickup …
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December 18, 2020
Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Transaction Processing
An integration between online delivery service Instacart and grocery chain Aldi that lets customers use government benefits to order grocery deliveries has seen fast expansion since the program launched in October. Almost 1,000 Aldi stores in 23 states plus the District of Columbia have been added to the program in recent …
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December 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. The deal is expected to close in the first quarter …
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