Sunday , February 28, 2021

NMI Acquires USAePay and other Digital Transactions News briefs from 2/23/21

  • Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual payment volume and more than 1.5 billion payment transactions in 2020.
  • Core processor Jack Henry & Associates Inc. said more than 170 financial institutions have contracted to use the company’s faster-payments hub, JHA PayCenter, of which 93 are now live. The hub connects to The Clearing House’s Real-Time Payments network as well as Early Warning Service’s Zelle platform, and will connect to the Federal Reserve’s FedNow real-time payments system, which is embarking on a pilot.
  • Payments-software provider pVerify Inc. launched a product that lets a doctor’s office front desk collect payment via QR code, email, or text message, create card-on-file payment plans, and enable contactless payment on any device with Web access.
  • In related news, health-care payments provider VisitPay LLC announced it has renewed contracts with Inova Health System, Intermountain Healthcare, and St. Luke’s Health System. The three combined account for 1 million patient users.
  • Travel-management firm TripActions has joined the UATP travel-payment network as a merchant. UATP enables payments for airlines, Amtrak, and travel agencies.
  • Affirm Inc. said Vacasa, a vacation-rental management service, will offer the installment payment service to its customers.
  • The latest Cybercrime Report from LexisNexis Risk Solutions finds that while the number of human-initiated attacks dropped in 2020 by roughly 184 million, those stemming from bots increased by 100 million. The largest number of fraud attacks originated in the United States.
  • InComm Payments’ OLS Payments unit is working with Intelligent Clearing Network, a coupon-clearing company, to bring a product to retailers that can address coupon fraud, processing, and clearing.
  • Payments provider Lightspeed POS Inc. has paired with dLocal Ltd., a payment platform for global merchants, to enable Lightspeed merchants to accept local payment products throughout Latin America.
  • A partnership consisting of Worldline, a European processor and payments-technology provider, and Amadis, a payments-software firm, said it has completed a multi-country rollout of payments systems for the Subway restaurant chain.
  • Cross-border payments specialist TransferWise Ltd. changed its name to Wise.

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