Digital Transactions Authoritative, insightful and timely information for payments professionals
Automated clearing house volume grew by more than 1 billion transactions in 2016, ACH network governing body NACHA reported this week. Herndon, Va.-based NACHA says traffic on the network, which connects virtually all U.S. financial institutions, hit 25.6 billion transactions, up 5.3% from 2015. That grand total includes on-us transactions. …
April, 2017
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14 April
National ATM Council Issues Legislative Appeal and other Digital Transactions News briefs
• The National ATM Council, a trade group for independent ATM deployers, has issued an appeal to its members in Illinois to join in opposing a bill in the legislature that the group says would “eliminate virtually all of the state’s current ATM base” by capping ATM fees at $1 per …
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13 April
In-Car Payments Pioneer Honda Broadens Its Focus Beyond Autos With a New R&D Unit
In-car payments may be taking yet another step forward, along with related connected-car innovations. American Honda Motor Co. Inc. on Thursday said it is reorganizing its innovation arm, Honda Silicon Valley Lab, as a new company called Honda R&D Innovations Inc. The new entity has been created specifically to “expand …
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13 April
Vantiv To Offer Womply Data Services and other Digital Transactions News briefs
• Merchant processor Vantiv Inc. announced it will work with data-science specialist Womply to offer Vantiv BizShield and Insights, a service for small and medium-sized merchants that offers real-time data, advanced analytics, online reputation management, and threat management. • Processor Global Payments Inc.’s Campus Solutions unit has introduced TouchNet OneCard VIP, which manages access to …
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12 April
With Interac’s Real-Time Network Volume Up 50% in 2016, More Services Are on the Way
Interac, the Canadian debit network, says a record number of payments were made in 2016 using e-Transfer, its money-transfer service. Transactions totaled 158 million, up 50% from the 2015 total of 105 million. The total value of these transactions reached C$63 billion (US$47.3 billion) in 2016 with an average transaction …
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12 April
Globally, the ‘Pays’ Ring up Eye-Popping Growth. But In the U.S., It’s a Different Story
Mobile-wallet enthusiasts may have to look overseas for encouragement. A report released Tuesday indicates sizzling growth worldwide for the three major mobile-payments services—Android Pay, Apple Pay, and Samsung Pay—but researchers who follow the U.S. market say the trio are making little if any headway with consumers. The report from Juniper …
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12 April
Ant Financial Sets ‘The Record Straight’ About Its Fight With Euronet for MoneyGram
China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …
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12 April
Global Payments Offers Canadian E-Commerce Platform and other Digital Transactions News briefs
• Payments-technology provider VeriFone Systems Inc. said it created a 50-50 joint venture with Gas Station TV that will combine VeriFone’s Pump Media division with Gas Station TV; the venture will operate under the Gas Station TV brand and deliver 3.3 billion annual impressions through 18,000 locations in all 50 states by …
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12 April
OptBlue Acquirers Signed 1 Million Small Merchants for AmEx in 2016
Bank card merchant acquirers participating in American Express Co.’s OptBlue program signed 1 million small businesses for AmEx acceptance last year, an AmEx executive tells Digital Transactions News. The push came as New York City-based AmEx drives toward chief executive Kenneth I. Chenault’s goal of having AmEx’s merchant base reach …
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11 April
COMMENTARY: A Look at the Top 4 Security Trends for 2017 in the Payments Industry
After years of card-data breaches and other bad news, four very encouraging trends are emerging that bode well for better security. Here’s a quick look at all four: Integrators are taking the QIR program seriously. When the PCI Security Standards Council and Visa Inc. initially released the Qualified Integrator and …