News

October, 2022

• 26 October

  Zip Adds Physical BNPL Card To Its Portfolio

  

  Zip Co. Ltd. expanded its buy now, pay later portfolio Wednesday with the roll out of the Zip Card. Cardholders can use the card, issued by WebBank, a Salt Lake City-based industrial bank, to make purchases in store and online and pay off those purchases in four installments.  During the …
• 26 October

  Events.com Snaps up Brown Paper Tickets And Other Digital Transactions News briefs from 10/26/22

  

  Events.com announced it has agreed to acquire Brown Paper Tickets, a payments processor for ticketing. Terms were not announced.PayPal Holdings Inc. said Amazon.com Inc. has added its Venmo digital wallet as a payment method on Amazon.com and in the Amazon mobile app. Venmo on Amazon will be available to U.S. customers by Nov. 25 …
• 25 October

  Visa’s Top Executives See Little Impact from the Fed’s Ruling on Debit Transaction Choice

  

  It was only a matter of time before the two big international card networks responded to a recent Federal Reserve requirement that issuers make at least two unrelated networks available to merchants for debit card transactions. Late Tuesday, Visa Inc.’s chief financial officer, Vasant Prabhu, said the impact of the …
• 25 October

  Vertical go-to-market is critical in the current economy. Here’s why.

  

  ISO owners are facing a double whammy right now, as business owners and as consumers. While there is no escaping the squeeze of rising prices, and their impacts on business and household budgets, the story doesn’t end there. A well thought out and realistic go-to-market strategy can help sustain your …
• 25 October

  PayPal: So Long Passwords, Hello Passkeys

  PayPal Holdings Inc.’s next step in payment security is to replace passwords with passkeys, an authentication technology that could eliminate many security and practical issues for consumers and organizations alike. PayPal said it is adding the passkey technology—it uses cryptographic keys to identify devices and was developed by the FIDO …
• 25 October

  Same-Day Payments Continue to Pay off in Volume Gains for the ACH Network

  

  While the payments business moves toward real-time transfers, faster payments on the nation’s automated clearing house network continue their dramatic rise following a 10-fold increase in the transaction dollar limit earlier this year. Transactions cleared the same day they’re initiated totaled 176.6 million in the quarter ended Sept. 30, up …
• 25 October

  Jack Henry’s New P2P Payments Platform And Other Digital Transactions News briefs from 10/25/22

  

  Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …
• 24 October

  Fintechs Now See Open Banking Technology As on the Edge of Mass Relevance

  

  Open banking is getting closer to mass relevance for financial-technology companies. A study released Monday by Discover Global Network and 451 Research found that fully 78% of fintechs said open banking is relevant to their business. One likely factor behind that trend is the positive consumer sentiment that fintechs are …
• 24 October

  BNY Mellon Launches Vaia, a Multi-Faceted Platform That Includes Real-Time Payments

  

  BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …
• 24 October

  Adyen Marks Banking Debut And Other Digital Transactions News briefs from 10/24/22

  

  Payments provider Adyen NV launched two new services—Capital and Account, offering to small businesses cash advances, business bank accounts, and card-issuing capability.Payment platform GoCardless launched Protect+, an anti-fraud service offering payor authentication, fraud monitoring, and chargeback challenges.Payments-technology provider Payoneer said it has collaborated with e-commerce platform WooCommerce to enable Payoneer Checkout via a plug-in for small …