News

August, 2022

• 31 August

  First National Bank of Omaha Launches a Virtual Credit Card Program

  

  First National Bank of Omaha Tuesday gave the trend of virtual card issuing a boost with the launch of Bend, a suite of embedded open, application programming interfaces that enable the integration of financial services, such as customized virtual cards, into existing environments. Brands can use Bend to roll out …
• 31 August

  The Digital Dollar Project Launches a ‘Sandbox’ to Explore the Technology for a U.S. CBDC

  

  While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …
• 31 August

  Pet Supplies Plus Picks Adyen And Other Digital Transactions News briefs from 8/31/22

  

  Pet Supplies Plus, an operator or franchisor of more than 600 pet stores in North America, chose Adyen NV to process online and in-store payments.Plug’n Play Technologies, a provider of e-commerce technologies, said it has implemented a platform from Authvia that allows stores to request and receive payments via messaging, text, and chat services.Mercury …
• 30 August

  SpotOn Prepares for a Surge in Sports Stadium Volume This Fall

  

  With consumer spending for concessions and merchandise purchases steadily increasing at sports stadiums, SpotOn Transact, LLC, which provides point-of-sale and digital-ordering systems to 37 stadiums across the National Football League and the National Collegiate Athletic Association, is gearing up for an increase in volume for the 2022 professional and collegiate …
• 30 August

  MX Joins Nacha Program And Other Digital Transactions News briefs from 8/30/22

  

  Nacha, the regulatory body for the automated clearing house network, has named open-banking specialist MX Technologies Inc. a member of its Preferred Partner Program. MX is the 30th company to be named to the program.Consumers’ top five favorite ways to pay are debit cards, credit cards, cash, contactless, and mobile wallets, according …
• 29 August

  The Fed Sets a May to July 2023 Window for Its Launch of the FedNow Real-Time Service

  

  The Federal Reserve Board on Monday afternoon narrowed the window for the launch of FedNow, its real-time payment service, to the weeks between May and July of 2023. The announcement, which came in a short address by Fed Vice Chair Lael Brainard, is the latest in a series of updates …
• 29 August

  The SNAP Network Goes Down Nationally, Leaving Millions Of Recipients Out of Pocket

  

  The Supplemental Nutrition Assistance Program (SNAP), which provides low-income families with benefits to supplement their food budget, suffered a nationwide outage on Sunday, according to news reports. The cause of the outage, which reportedly affected millions of recipients, is unknown. On Sunday several state agencies that help the U.S. Department …
• 29 August

  As Hacker Attacks Rise, States Start to Consider Banning Ransom Payments

  

  Online attacks in which criminals seize control of victims’ data are rising, and government agencies are far from immune. That’s now leading states to consider laws prohibiting state agencies from paying ransoms to get the decryption key that would unlock what are often vital files. North Carolina in May and …
• 29 August

  RentSpree’s New Funding And Other Digital Transactions News briefs from 8/29/22

  

  A startup rent-payment processor called RentSpree closed on $17.3 million in Series B funding led by Green Visor Capital. The company projects it will process more than $160 million in rent payments over the next 12 months.Truist Financial Corp. launched Truist Invest and Truist Invest Pro, an automated investment advisory service and a …
• 26 August

  Jack Henry Will Launch a Real-Time Fraud Detection Platform in 2023

  

  To make modern fraud detection technology more accessible to community banks, Jack Henry & Associates Inc. late Thursday announced plans to launch early next year Financial Crimes Defender, a cloud-native platform for detecting fraud and other suspicious account activity that can hurt consumer’s financial health, as well as financial crimes, such …