Transaction Processing

The U.S. Faster Payments Council on Friday released guidelines for messages that financial institutions use in association with real-time payments or other transfers processed within a matter of hours or minutes. Such messaging can cover matters related to payment requests, return of money, payment status reports, and exchange of other …

Payments provider Viewpost has agreed to work with Birchstreet, a provider of hospitality-industry technology, to include AI-enabled embedded payments for hospitality customers. Oak View Group, operator of a network of live-entertainment venues, will offer its employees earned-wage access service through Payactiv throughout Oak View’s U.S. operations, involving more than 40 …

For some restaurant chains, innovation is coming in force to the common drive-through, with the latest example emerging early Thursday with the chicken-sandwich operator Bojangles’ announcement that it is extending an agreement to deploy an AI-based drive-through ordering technology from Tel Aviv-based Hi Auto Ltd. Charlotte, N.C.-based Bojangles, which operates …

In the “In Other News” section of Wednesday’s issue of Digital Transactions News, Boost Payment Solutions was misidentified as Boost Payments. Digital Transactions regrets the error. Fresha, a booking and payments platform for beauty and wellness businesses, said its Fresha Capital offering for shops has lent more than $20 million …

With headquarters in Sweden and operations in 26 countries, Klarna AB is dropping the e-commerce border constraints, at least within its app with a new service called Consumer FX. On Wednesday, Klarna says app users will be able to shop at any participating Klarna merchant in the world and pay …

A new classification of criminal has quickly emerged. One that identity verification and fraud prevention firm Socure Inc. labels the AI-Fluent Fraudster. In a new report, “From the Frontline: Fraud’s Napster Moment,” Socure explains why this new classification reflects the burgeoning impact of artificial intelligence. Not only is AI making …

Total payments on the nation’s automated clearing house network grew 5.9% year-over-year in the third quarter, a performance that included a 37% rise in same-day transactions, to 470.4 million, Nacha reported early Tuesday. The burst in same-day volume comes as companies and banks continue to move toward faster payments, whether …

Square has adopted services from card-issuing platform Marqeta for the Square Credit Card, a business card aimed at use by merchants. The card runs on the American Express network and is part of an effort by Square to consolidate its card programs into a single processor. Square, a unit of …

Point-of-sale terminal maker PAX Technology Inc. says it is enabling a deeper integration of Wink’s biometric checkout technology into many PAX POS devices. The integration means merchants that use the PAX PxRetailer and PxDesigner applications will be able to add Wink’s biometric enrollment and checkout capabilities to their PAX devices. …