October 25, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …
Read More »
October 24, 2022
Automated Clearing House, Competitive Strategies, Debit Cards, Electronic Bill Payment, Fraud & Security, Law and Regulation, Person-to-Person Payments, Real-time Payments, Transaction Processing
BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …
Read More »
October 19, 2022
Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The big processor Fiserv Inc. said Wednesday morning it will offer so-called programmable payments to its financial-institution clients through a partnership with IncumbentFI, a San Francisco-based technology provider. The technology allows cardholders to attach a variety of funding sources to a single card and choose one for individual transactions. In …
Read More »
October 13, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …
Read More »
October 12, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …
Read More »
October 3, 2022
Acquiring, Automated Clearing House, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Issuing/Originating, Kiosks & Ticketing Machines, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Real-time Payments, Smart Cards, Transaction Processing
Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …
Read More »
October 3, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Point-of-sale, Pricing, Transaction Processing
Indications emerged late last week that Sen. Richard Durbin, D-Ill., has embarked on a strategy for his credit card routing bill that follows a path similar to one he forged a decade ago for his rules governing debit card routing. The veteran senator, along with co-sponsor Roger Marshall, R-Kan., have …
Read More »
October 1, 2022
The Fed will debut FedNow next year. It will face a highly complex—and surprisingly competitive—market for the instant transfer of value. In the near future, most people will be able to exchange money instantly anywhere, any time. A patchwork of competing and collaborating national and multinational instant-payment systems with very …
Read More »
September 30, 2022
Acquiring, Competitive Strategies, Digital Currency, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Real-time Payments, Transaction Processing
Blockchain players have been working for years to bring digital currencies to the point of sale, leading to Circle Internet Financial LLC’s announcement Thursday it has acquired a San Francisco-based payments-technology firm called Elements to make it easier for stores to take crypto, including Circle’s stablecoin, USD Coin (USDC). Terms …
Read More »
September 14, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Prepaid Cards, Transaction Processing
An absence of such payment features as one-click checkout and alternative payment methods at shopping sites is contributing to an overall cart-abandonment rate for online merchants that came to 75.7% of carts initiated in the year through March, according to a study released late Tuesday. The report, from Coresight Research …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
