Digital Transactions Authoritative, insightful and timely information for payments professionals
ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …
May, 2023
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24 May
U.S. Investors Are Optimistic About Bitcoin in the Face of the Coin’s Recent Travails
U.S. investment managers have grown bullish about Bitcoin’s prospects despite recent events that have roiled digital-currency markets, research released Wednesday indicates. Feeding the renewed optimism are prospects for “improved regulation” and expectations of a “recovery in valuations” for Bitcoin, according to the research, in which 30 major investment managers were …
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19 May
Eye on Bitcoin: Marathon, Brink Partner To Raise Money for Bitcoin Developers; Jack Dorsey Invests in Azteco
Marathon Digital Holdings Inc., a digital-asset company that supports the Bitcoin ecosystem, is teaming up with Brink Technology to raise $1 million to support Bitcoin Core developers that maintain the Bitcoin protocol. Brink Technology works to strengthen the Bitcoin protocol and network. The Bitcoin protocol enables Bitcoin to function as …
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16 May
ACI Completes FedNow Certification And Other Digital Transactions News briefs from 5/16/23
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 …
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15 May
As FedNow Gears up for Launch, Processors Ready Smaller Clients
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 …
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9 May
Real-Time Comes to Real Estate As EMTransfer And KeyBank Enable Payments Via TCH’s RTP Network
EMTransfer LLC, a real-estate cash-management platform provider, has teamed up with KeyBank to bring real-time payments to the real-estate industry through The Clearing House Payments Co.’s RTP network. Using application programming interfaces from KeyBank, EMTransfer can connect parties involved in the real-estate closing process, such as title insurance and escrow …
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3 May
Deluxe and Echo Form DPX Payments And Other Digital Transactions News briefs from 5/3/23
Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …
April, 2023
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27 April
‘We’re Well-Positioned’ for FedNow, Says Mastercard’s CEO
The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …
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26 April
Dwolla Expands Partner Ecosystem 45% in Q1
Citing increased demand for low-cost account-to-account payment solutions, digital-payments fintech Dwolla Inc. announced it grew its partner ecosystem 45% during the first quarter of 2023, bringing the total number of partners to 40. Among the companies to partner with Des Moines, Iowa-based Dwolla is financial data aggregator Flinks, a Montreal-based …
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26 April
As FedNow Gears up for Its July Launch, Specific Applications Beckon, Including Payroll
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 …
