November 3, 2022
Competitive Strategies, Mobile Wallets, Person-to-Person Payments, Real-time Payments, Transaction Processing
SoundExchange, a non-profit that collects and distributes digital performance royalties for sound recordings, is now enabling registered soundtrack creators to receive royalty payments through Zelle and Block Inc.’s Cash App mobile-payment service. Washington D.C.-based SoundExchange is a non-profit collective rights-management organization designated by Congress to collect and distribute digital-performance royalties …
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November 2, 2022
Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Two U.S.-based fintechs focused on blockchain payments technology have expanded their footprint into Singapore, giving both companies a jumping-off point for expanding their respective businesses in Asia. Circle Internet Financial LLC, a Boston-based company specializing in commercial blockchain and crypto applications, has received provisional approval from the Monetary Authority of …
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November 2, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …
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October 31, 2022
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Real-time Payments, Transaction Processing
With nearly 1 out of 5 shoppers abandoning their carts due to a long or complicated checkout process, today’s merchants are challenged to close retail sales. Combine this with the fact that many merchants have not updated their payment systems in two years, and the result is an inability to …
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October 27, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
With thousands of merchants across the globe, processing powerhouse Fiserv Inc. continues to reap the benefits of that reach with an 11.8% increase in its merchant-acceptance revenue in the third quarter. Heavily affecting the segment’s growth was a 19% increase in revenue from Fiserv’s Clover point-of-sale products and services and …
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October 25, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
It was only a matter of time before the two big international card networks responded to a recent Federal Reserve requirement that issuers make at least two unrelated networks available to merchants for debit card transactions. Late Tuesday, Visa Inc.’s chief financial officer, Vasant Prabhu, said the impact of the …
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October 25, 2022
Automated Clearing House, E-Commerce, Electronic Bill Payment, Electronic Checks, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
While the payments business moves toward real-time transfers, faster payments on the nation’s automated clearing house network continue their dramatic rise following a 10-fold increase in the transaction dollar limit earlier this year. Transactions cleared the same day they’re initiated totaled 176.6 million in the quarter ended Sept. 30, up …
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October 25, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …
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October 24, 2022
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Open banking is getting closer to mass relevance for financial-technology companies. A study released Monday by Discover Global Network and 451 Research found that fully 78% of fintechs said open banking is relevant to their business. One likely factor behind that trend is the positive consumer sentiment that fintechs are …
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October 24, 2022
Automated Clearing House, Competitive Strategies, Debit Cards, Electronic Bill Payment, Fraud & Security, Law and Regulation, Person-to-Person Payments, Real-time Payments, Transaction Processing
BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …
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