Real-time Payments

November, 2023

• 7 November

  FIS Still Sees Opportunity in Payments in the Wake of Its Approaching Sale of a Big Worldpay Stake

  

  FIS Inc. is selling a majority stake in its massive Worldpay transaction-processing operation, but that doesn’t mean the company is ditching the payments business, its chief executive made plain early Tuesday. “We have not moved totally away from that,” Stephanie Ferris told equity analysts during an early-morning call to review …

October, 2023

• 30 October

  Chase’s JPM Coin: With $1 Billion in Daily Volume, It May Come to Retail Payments

  

  More than four years after it began testing its own blockchain-based stablecoin, JPMorgan Chase & Co. is processing $1 billion in transaction volume per day for JPM Coin, Takis Georgakopoulos, JPMorgan’s global head of payments, told Bloomberg News during an interview. Created in 2019 and launched in 2020, JPM Coin …
• 24 October

  Visa’s CEO Downplays Potential Impact From a Fed Meeting on Debit Interchange

  

  The Federal Reserve Board is set to revisit its longstanding limit on debit card interchange on Wednesday, and most observers expect the Fed to lower it. But ask Visa Inc. about the matter—as analysts did Tuesday afternoon during the network’s September-quarter earnings call—and its top executives outwardly at least profess …
• 24 October

  Bitpay’s Crypto Move And Other Digital Transactions News briefs from 10/25/23

  

  Bitpay, a provider of cryptocurrency-based payments services, said it is working with crypto-technology provider Banxa to enlarge access to payments using digital currency. Shield Compliance, a compliance provider for cannabis banking, issued an open letter to American Express, Discover, Mastercard, and Visa calling on the networks to permit financial institutions …
• 19 October

   Expect Real-Time Payments Bloom And Other Digital Transactions News briefs from 10/19/23

  

  Ninety-nine percent of large enterprises—those with annual revenue of $1 billion to $9.9 billion—expect to send real-time payments in the next five years, found the 2023 AFP Real-Time Payments Survey released by the Association for Financial Professionals and sponsored by The Clearing House Payments Co. LLC. It also found that 77% of …
• 18 October

  Health iPASS’s New Service And Other Digital Transactions News briefs from 10/18/23

  

  Health iPASS launched Health iPASS Cloud Payments, a processing service for health-care providers. Fiserv Inc. said it is leveraging its merchant-acceptance and card-issuing technology to ease embedded finance for client financial institutions. Metropolitan Commercial Bank said it will deploy cloud-based technology from Finzly to support payment processing via FedNow, Fedwire, and the automated …
• 16 October

  AppTech To Acquire Alliance Partners And Other Digital Transactions News briefs from 10/16/23

  

  AppTech Payments Corp., a specialist in business-to-business and business-to-consumer payments, has agreed to acquire Alliance Partners LLC and its FinZeo money-movement software. With the deal, expected to close Oct. 31, AppTech will become a payment facilitator, a company that allows merchants to accept payments on the company’s merchant account. Terms …
• 12 October

  Fiserv Secures Data Plan with Plaid And Other Digital Transactions News briefs from 10/12/23

  

  An agreement between processor Fiserv Inc. and open-banking platform Plaid will allow consumers who use any of Fiserv’s 3,000 client banks to share financial information with third-party apps and services. Discover Financial Services’ Discover Global Network launched a cloud-based version of its stored payment tokens service. Tokens are digital replacements for actual card credentials. …
• 10 October

  Orum Launches an Instant Account Verification Solution for FedNow

  

  Orum, a provider of technology for payment processing and account verification, announced Tuesday the launch of Verify, an account-verification solution for FedNow, the Federal Reserve’s instant-payment service, which launched in July. With Verify, businesses initiating a payment through FedNow can validate, within 15 seconds prior to sending funds, whether a …
• 9 October

  Slake’s Delivery App Supports Crypto Payments; Visa’s Billions in Crypto Volume Since 2021

  

  Slake IT LLC on Monday launched a food-delivery app that enables consumers to pay for orders using cryptocurrency in addition to credit cards. The company, which is supporting the Ethereum platform to enable crypto payments, has partnered with drivers of multiple food-delivery companies, including DoorDash, Uber Eats, and Grubhub, to …