News

September, 2024

• 6 September

  Co-Branded Airline Credit Cards Figure in Federal Rewards Scrutiny

  

  The U.S. Department of Transportation is looking into airline rewards programs with an eye on protecting consumers from potential unfair, deceptive, or anticompetitive practices, the department says. Many consumers use cobranded airline credit cards to earn points in these programs, though the DOT’s focus is on rewards, not on card-issuing …
• 6 September

  Chase Email Readies Cardholders for Paze and other Digital Transactions News Briefs from 9/6/24

  

  Chase emailed its cardholders Friday that it will soon offer Paze, a new online checkout service from Early Warning Services LLC, and that eligible Chase credit and debit cards will be linked to Paze. The bank will notify cardholders when Paze is ready for use. Chase also provided the option to opt …
• 5 September

  Visa Prepares to Launch Account-to-Account Payments in Europe—Starting in the U.K.

  

  Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …
• 5 September

  PayPal Everywhere Debuts New Rewards for the PayPal Debit Card

  

  With cash back as a favored consumer reward, PayPal Holdings Inc. is broadening its use with the debut of PayPal Everywhere, a rewards program for consumers on the PayPal Debit Mastercard. Announced Thursday, the program includes stackable cash-back offers and personalized ways to manage spending. It enables PayPal Debit cardholders …
• 5 September

  AmEx, Knot Test Updater System and other Digital Transactions News briefs from 9/5/24

  

  American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …
• 4 September

  With Paysemble, Opus Looks to Simplify Payment App Integration

  

  Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …
• 4 September

  Eye on Processing: EMS’s LegitScript Tie-in for Health Care; Insurer Picks InvoiceCloud for Billing and Payment Improvements

  

  Electronic Merchant Systems LLC is teaming up with LegitScript to give its health-care merchants access to a certification tag, while InvoiceCloud says Western National Insurance Group picked it for a new digital-payment and policyholder-relations service. Cleveland-based EMS, which processes approximately $6 billion in annual volume for 25,000 merchants, says the …
• 4 September

  U.S. Bank’s New Smartly Card and other Digital Transactions News briefs from 9/4/24

  

  U.S. Bank said it is launching two new products, the Smartly Visa Signature card and the Smartly Savings account. The former offers as much as 4% cash back on transactions. Some 48% of consumers in the U.S. market are using digital wallets for payments, up from 38% in 2021, according to …
• 3 September

  Jack Henry Partners With Moov to Streamline Payments for Small Businesses

  

  Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …
• 3 September

  Ria Lines up an Exclusive Money Transfer Deal at PLS Check Cashers

  

  Ria Money Transfer said it is now the exclusive money-transfer provider at more than 200 U.S. PLS Check Cashers locations, a move that could expose Ria’s services to more than 3 million monthly PLS customers. Announced Tuesday, the deal enables Chicago-based PLS Financial Services Inc. to offer Ria’s money-transfer service, …