Digital Transactions Authoritative, insightful and timely information for payments professionals
Same-store sales volume rose 5.7% and transactions were up 6.7% during the days from Nov. 27 and Dec. 2 compared to the same week last year, according to the 2024 Thanksgiving Holiday Insights report from Fiserv Inc. Illinois-based payments provider Payroc will work with Sunday, a restaurant point-of-sale technology provider, to offer the …
December, 2024
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4 December
OwlTing Partners With MoneyGram; Nuvei Enables Blockchain Payment in Latin America; Nacha’s Crypto Report
OwlTing Group, a blockchain-technology company, is working with MoneyGram International Inc. to support cash-in transactions from local fiat currencies to USD Coin in its OwlPay Wallet Pro service at nearly 50,000 MoneyGram locations in 30 countries. OwlPay Wallet Pro is a blockchain-based, unhosted digital wallet that enables cross-border transactions. USD Coin is …
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4 December
The Clearing House Raises Its Real Time Payments Cap to $10 Million—a 10X Increase
The Real Time Payments network operated by The Clearing House Payments Co. said early Wednesday it will raise its transaction limit to $10 million, a tenfold jump from the current $1-million cap. The new limit will take effect Feb. 9, following a 60-day notice period required by The Federal Reserve. …
November, 2024
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20 November
APP Fraud To Reach $7.6 Billion by 2028 in Six Countries, ACI Says
Authorized push payment fraud could reach $7.6 billion in six markets, ACI Worldwide Inc. says in its latest Scamscope report. Released Wednesday, the report looks at APP fraud in the United States, United Kingdom, India, Brazil, Australia, and the United Arab Emirates, all markets with real-time payments. APP fraud happens …
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20 November
Fiserv and ADP Team up and other Digital Transactions News briefs from 11/20/24
Fiserv Inc. and ADP have agreed to offer as a package Fiserv technologies such as Clover and CashFlow Central and ADP services for payroll and human resources. The offering is expected to be available early next year. Gift card specialist Raise said it expanded into Canada following last month’s launch in the United …
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12 November
RTP Network Surpasses 1 Million Payments Per Day; Viamericas Employs RTP and FedNow for Cash-to-Account Transfers
The RTP network has reached a major milestone, averaging more than 1 million payments per day, The Clearing House Payments Co. LLC says. In addition to crossing this threshold, the RTP network, which TCH launched in 2017 as a real-time payments network, also set a single day record of 1.46 …
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12 November
Visa Credential Tech Coming to U.S. and other Digital Transactions News briefs from 11/12/24
Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …
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7 November
More Grocers Pick Instacart and other Digital Transactions News briefs from 11/7/24
Instacart, a technology provider for the grocery industry, announced that four grocery companies — Sprouts, Harmons, The Save Mart Companies, and Rosauers — have adopted Instacart Storefront Pro, an e-commerce platform aimed at grocers. More than 600 retailers are using Instacart’s e-commerce technology, the company says. Payments provider Priority Technology Holdings Inc. reported September-quarter merchant bank-card …
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1 November
Nacha’s Pay by Bank Definition Work and other Digital Transactions News briefs from 11/1/24
Nacha, the regulatory body for the automated clearing house network, said its Payments Innovation Alliance group has initiated an effort to define the term “pay by bank” for various industry stakeholders. Flexa announced it will now process digital-currency transactions for more than 750 Sheetz convenience stores in the Mid-Atlantic region. The …
October, 2024
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30 October
Visa Finishes Strong, Even With the DoJ Taking It to Court
Despite the dark cloud the U.S. Department of Justice’s recent lawsuit over Visa Inc.’s debit business has cast over the network, Visa finished its fiscal year 2024 on a strong note. Among the highlights during Visa’s earnings call late Tuesday were growth in credentials, tokens, and merchant locations, along with …
