Monday , May 16, 2022

News

May, 2022

  • 3 May

    Big Merchants And E-Commerce Help Drive Growth for FIS in 2022’s Early Going

    Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …

  • 3 May

    Rite Aid Adds Afterpay BNPL and other Digital Transactions News briefs from 5/3/22

    Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …

  • 2 May

    The Federal Reserve Begins Piloting Its FedNow Real Time Payments Service

    In preparation for the launch of its FedNow instant payments program in 2023, the Federal Reserve announced Monday it has begun the testing phase for the program, including the onboarding of participating organizations. More than 120 organizations, including Square Financial Services Inc., an industrial-bank subsidiary of Block Inc., and Q2 …

  • 2 May

    Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services

    Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …

  • 2 May

    TCH Updates RTP Tokenization for Checking Accounts and other Digital Transactions News briefs from 5/2/22

    The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …

April, 2022

  • 29 April

    Aeropay’s Deal With Flowhub Furthers Digital Payments’ Reach In Cannabis Dispensaries

    Electronic payments options for legal cannabis sales broadened their reach with Thursday’s deal between Aeropay, a digital payments provider specializing in cannabis sales, and Flowhub, a point-of-sale platform for legal cannabis dispensaries. The deal will enable more than 1,000 dispensaries using Flowhub’s POS software to accept ACH payments. To initiate …

  • 29 April

    The Card Giants Report Robust Cross-Border Results As Pandemic Effects Wane

    A key business for international card companies is cross-border travel, which took a big hit with the onset of the Covid-19 pandemic early in 2020. But now it appears that business is staging a comeback. Mastercard Inc. reported Thursday its cross-border volume in March climbed above numbers last seen in …

  • 29 April

    Restaurant Spending up 4% and other Digital Transactions News briefs from 4/29/22

    Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …

  • 28 April

    Preserving Contact in a Contactless Environment

    Stronger relationships make for stronger ISO’s     By John Newton, Vice President, Strategic Partnerships, First American by Deluxe We are wired to connect. That’s according to social neuroscientist Matthew Lieberman, who says there are three networks within the human brain that bolster connection: one that involves our ability to …

  • 28 April

    Digital Fraud Is Down Overall, But Several Industries Are Still At High Risk

    Thanks to more businesses implementing fraud-prevention tools, global digital fraud decreased more than 22% during the first quarter of 2022, compared to the same period a year earlier, according to TransUnion LLC’s quarterly digital-fraud analysis, released Thursday.  On a per-category basis, financial services, telecommunications, and retail all saw declines in …

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