May 16, 2023
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Real-time Payments
Payments provider ACI Worldwide Inc. said it has completed testing and certification necessary to participate in the Federal Reserve’s FedNow real-time payment service, set to launch in July. Identity-verification specialist Veriff said it will provide its services through processor MassPay’s payments-orchestration platform. Warning of more fraud as peer-to-peer and real-time payments gain volume, technology firm ComplyAdvantage launched Fraud Detection, which …
Read More »
May 15, 2023
Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …
Read More »
May 9, 2023
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
PayPal has been known for some time as a major alternative for checkout online, but now the company is making it plain it’s putting considerable resources behind checkouts where its services function entirely in the background. So-called unbranded checkout, led by the company’s Braintree processing platform along with a relatively …
Read More »
May 4, 2023
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
Buoyed by Cash App, services, and a move up market Block Inc., parent of Square and Afterpay, generated nearly $5 billion in first-quarter revenue, a 25% increase from $4 billion in the same quarter a year ago. Its transaction-based revenue of $1.42 billion was a 15% increase from $1.29 billion …
Read More »
May 3, 2023
Competitive Strategies, E-Commerce, Marketing, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
The Western Union Co. says its decision to join the early set of providers in Visa Inc.’s interoperable peer-to-peer payments service called Visa+ reflects its business. Visa+ allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between …
Read More »
April 28, 2023
Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Transaction Processing
Amazon.com Inc. reported first-quarter revenue from “other sources” of $1.03 billion, up 55% year-over-year. The “other” category includes revenue from the massive online retailer’s cobranded credit cards. Total revenue from products and services for the quarter was $127.4 billion, up 9.5% year-over-year. Law firm BakerHostetler released its 2023 Data Security Incident Response …
Read More »
April 26, 2023
Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Pricing, Real-time Payments, Transaction Processing
The official launch of FedNow as a commercial service is set for July, but already the nation’s banking regulator, along with observers, have seen a pattern in where initial participants have been using the real-time payments service. “We’re starting to see more activity around business-to-consumer [payments], related to payroll front …
Read More »
April 25, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Giant processor Fiserv Inc. said its revenue from its merchant business increased to $1.85 billion in the first quarter, a 12.1% increase from $1.65 billion a year ago. Brookfield, Wis.-based Fiserv said its two other segments—financial technology and payments and networks—also had revenue increases. Revenue for the financial technology business …
Read More »
April 25, 2023
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments
Payments-technology provider Ingenico launched its AXIUM Payment Experience, dubbed APEX, an app intended to make it easier for businesses to craft payments apps. U.S. payments provider InComm Payments introduced a new unit, InComm Payments Brazil Technology Ltda., to expand the company’s operations in Brazil. Embedded-finance specialist Maast launched a set of new technologies aimed at making …
Read More »
April 24, 2023
ATMs, Automated Clearing House, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Electronic Checks, Issuing/Originating, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Real-time Payments, Transaction Processing
Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
