News

September, 2020

• 8 September

  ATMIA Offers a Discounted Membership As Covid-19 Ravages In-Store ATMs

  

  With the economy still reeling from the Covid-19 pandemic, the ATM Industry Association is betting that offering a new Start Up membership category at a reduced cost will attract new members and entice back into the fold former members that dropped out during the pandemic for financial reasons. The new …
• 8 September

  Eye on Investment: Payments Firms Rev.io, Melio, Thunes, And Mollie Announce Funding Rounds

  

  Evidence emerged Tuesday that Covid-19 fears are far from suppressing investor interest in payments as two U.S. and two European companies announced funding news. Atlanta-based Rev.io, an 18-year-old provider of billing platforms, said it has received a “significant growth equity investment” from Primus Capital. The company did not disclose the …
• 8 September

  Debit Card Spending up Last Week and other Digital Transactions News briefs from 9/8/20

  

  Debit card spending increased 9.4% for the week ending Aug. 30 from the week ending Sept. 1, 2019, for credit unions working with PSCU, a credit union service organization. For the same period, credit card spending was down 2.5%. Mobile wallet use with a debit card increased 68% and those with …
• 4 September

  So Far, a Nice Rise But Not a Wild Runup for Bitcoin Since the May Halving Event

  

  In the nearly four months since it underwent a major downgrade in the incentive it offers miners, Bitcoin has seen its price rise nicely, but holders of the digital currency have not yet, at least, witnessed the wild upswing that followed the last such adjustment. Bitcoin was trading at $10,483 …
• 4 September

  COMMENTARY: Is Your Business Paying From the Cloud Or the Checkbook?

  

  Nearly all persons use the cloud in their personal lives, from storing photos and accessing financial accounts to sharing documents and watching movies. But when it comes to the business world, the transition to cloud-based systems has been a slower migration, especially when it comes to business-to-business payments.  While check …
• 4 September

  TransferMate Receives Payment License in Mexico and other Digital Transactions News briefs from 9/4/20

  

  TransferMate Ltd., a provider of cross-border business-to-business payments technology, said it has won a payments license in Mexico.The Association of International Certified Professional Accountants and CPA.com announced they are seeking applicants for the 2021 startup accelerator program, whose specialty is accounting, finance, and regulatory technology.Cryptocurrency provider Crypto.com launched a French version of its app …
• 3 September

  For August, Online Spending Remained Strong While Small-Business Traffic Softened Slightly

  

  Online sales in August were 34% higher this year than last, says Signifyd’s Pulse Report for E-Commerce, while small-business sales through August remained steady, finds the latest CardFlight Small Business Report. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company focused on e-commerce, says overall online sales growth reflects the fact that …
• 3 September

  Walmart Joins Paymentus Network and other Digital Transactions News briefs from 9/3/20

  

  Walmart Inc. has joined Paymentus Corp.‘s Instant Payment Network for bills paid in Walmart stores. Other users of the network are Amazon.com Inc. and PayPal Holdings Inc.Modern Treasury, a startup payments-technology provider, said clients reconciled more than $100 million on its platform in August, with volume growing at a compound monthly …
• 3 September

  Data Networks Work to Shore up Account Access As Regulators Eye Rules of Their Own

  

  The data networks that connect payments and other financial apps to users’ bank accounts are scrambling to standardize data access by moving to application programming interfaces and away from an older, cruder form of access known in the business as “screen scraping.” The effort comes as financial apps gain popularity …
• 2 September

  Google Pay Comes to Parking Via Google Maps And Passport Labs’ Deal With the City of Austin

  

  Passport Labs Inc., a provider of transportation software, is teaming with Alphabet Inc.’s Google to allow consumers in Austin, Texas, to pay for parking through Google Maps using Google Pay at on-street and municipally controlled parking spaces. Drivers using Google Maps on their iPhone or Android phone to navigate to …