Transaction Processing

Business-to-business payments were one of the first use cases for instant payments when the RTP network from The Clearing House Payments Co. LLC debuted in 2017. As more businesses and consumers want to use such services, the use cases are evolving, with digital wallets—like PayPal and Venmo—now being the largest …

Flexible Finance Inc. announced it has submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions for a charter for Flex Bank, a Utah state-chartered industrial bank. Flexible Finance is the company behind Flex Rent, which says it has processed more than $40 billion in rent payments for …

Verifone Inc. announced early Thursday it has been awarded a U. S. patent on technology that protects point-of-sale terminals and unattended payment devices from card skimming. The move comes as estimates indicate skimming losses grew 5% last year, reaching approximately $1 billion in the U.S. market. In skimming attacks, bad …

Stablecoins have been on payments companies’ radar screens for years, but only recently has the digital currency gained the credibility needed to move processors, merchants, and users toward using stablecoins for everyday payments. The latest example of this emerged early Tuesday with an announcement from Mesh, a San Francisco-based crypto …

Datacap Systems Inc. is entering the softPOS arena with its new SureTap point-of-sale application, with which merchants can use their own devices. Any new transactions made with the application will contribute to the other bit of Monday’s POS news. The total value of global POS transactions are forecasted to reach …

Accel Entertainment Inc. will support approximately 600 gaming terminals located in Green Valley Grocery Convenience Store locations across Southern Nevada following an agreement announced early Monday between Accel’s Century Gaming Technologies Nevada unit and Green Valley. Green Valley, which operates nearly 90 stores, is owned by Anabi Oil, an Upland, …

With demand for hotel rooms forecasted to pick up this year and next in the United States, hospitality point-of-sale specialist Mews is adding multicurrency processing for hotel operators in the United States and Canada. Already made available 14 months ago to European hotels, the multicurrency service enables international travelers to …