News

June, 2017

• 14 June

  With the Launch of Zelle, Banks Tell Tech-Centric P2P Competitors, ‘It’s Game On’

  By Peter Lucas@DTPaymentNews If banks are to gain the upper hand in the hotly contested person-to-person payments market, the Zelle network, which launched earlier this week, must make good on its promise of real-time payments while allowing consumers to complete P2P payments in the most intuitive way possible, payments experts …
• 14 June

  North American Bancard Adds Partner and other Digital Transactions News briefs

  • Amazon.com Inc. introduced Prime Reload, a service that lets Amazon Prime members earn a 2% reward when they reload their Amazon Gift Card balance with a debit card. The reward is added to the gift card balance. Users must give Amazon their debit card, bank-account, and bank-routing numbers when they …
• 13 June

  Eye on Acquisitions: Fiserv To Buy Monitise; Pin4 Takes Controlling Stake in HalCash International

  

  By Jim Daly and Kevin Woodward@DTPaymentNews Financial-institution processor Fiserv Inc. reported Tuesday that it plans to buy United Kingdom-based Monitise plc, a faded star of the early mobile-banking and payments era that still has some valuable technology, for £70 million ($89 million) in cash. And HalCash North America, which goes …
• 13 June

  Retailer Selects POS System with Ingenico Devices and other Digital Transactions News briefs

  • Processors Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree, and Priority Commercial Payments have become the first companies to receive approval from Visa Inc.’s Visa Ready for Business Solutions program, which helps technology companies integrate with Visa’s business-to-business payments services. • In related news, Visa announced it will be equipping the stadiums …
• 12 June

  House Republicans Favoring Durbin Repeal Stress Commitment to the Cause

  

  By John Stewart @DTPaymentNews The Republican lawmakers who pushed a bill through the House of Representatives last week to radically reform the Dodd-Frank Act did so after abandoning a provision that would have repealed the Act’s Durbin Amendment. But they made it clear in floor debate on Thursday that they …
• 12 June

  Payments Fraud Expected To Increase and other Digital Transactions News briefs

  • The Zelle person-to-person payments network announced its service will go live in the mobile-banking apps of more than 30 financial institutions beginning this week and continuing over the next 12 months. The coverage will include more than 86 million mobile-banking consumers, Zelle said, adding that more than 51 million transactions totaling more …
• 12 June

  COMMENTARY: In Evolving a Business Today, Focus is Key

  

  By O.B. Rawls IV Pivot. Transform. Expand. In today’s business landscape, especially in and around payments, flexibility and agility are key. Businesses must be prepared to evolve, regardless of their size, longevity, or core service and product offerings. But, for any of us who have been in business for a …
• 9 June

  COMMENTARY: Cut-Rate Processing Can Mean Diluted Services

  

  By Dave Yohe Selecting the right partner to process payments is essential for organizations taking payments directly from consumers. While it might be tempting to choose the provider offering the lowest rate, the short-term gains from saving a little money can risk longer term business revenue. In the following paragraphs …
• 9 June

  Durbin Amendment Repeal Effort Lives On and other Digital Transactions News briefs

  • While House Republicans have stripped from the Financial Choice Act a provision that would have repealed the Durbin Amendment, the effort to get rid of the law’s debit-interchange caps and routing rules is still alive. As the House voted to pass the Act, a trio of Congressmen spoke in the House on Thursday …
• 9 June

  After a 12-Year Ride, Changing Market Conditions Spur VeriFone To Ditch Taxis

  

  VeriFone Systems Inc. is best known for its point-of-sale payment terminals, but the company is growing its cloud- and software-based payment products and services. VeriFone also has made a name for itself in payment and media services for taxicabs, but that business is now on the block, company officials announced …