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FIS Reports 43.5% Revenue Increase and other Digital Transactions News briefs

• Q2 Holdings Inc., a vendor of virtual-banking solutions to regional and community financial institutions, announced its plan to begin supporting the origination of same-day automated clearing house transactions on Sept. 23, the day the first phase of a three-phase introduction of same-day ACH is set to begin, as determined …

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Meta Financial Doubles Financial Metric and other Digital Transactions News briefs

• Processor Vantiv Inc. launched the One Network Experience service for software developers. Dubbed O.N.E., the service offers a suite of integration tools, personalized help, and access to an online developer community. • Meta Financial Group Inc. said Meta Payment Systems, a division of MetaBank, a major prepaid card issuer, …

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TableSafe To Test Restaurant Folio Payment Device and other Digital Transactions News briefs

• A Michigan gas station has begun accepting the AnyWhereMobile Payment Network app from developer MShift Inc. and Team One Credit Union, the first financial institution to offer the mobile-payments product. Team One plans to bring acceptance of the app, which works with VeriFone Systems Inc.’s Commander Site Controller solution, …

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Samsung Pay Users Have Higher Satisfaction Rates Than Apple Pay Users: Report

Samsung Pay, the mobile payment service launched by Samsung Electronics Co. Ltd. a year after Apple Inc.’s Apple Pay debuted, appears to be faring better with consumers despite Apple Pay’s higher adoption rate. In its most recent Mobile Pay Tracker, New York-based Auriemma Consulting Group, found that 92% of Samsung …

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A Report Shows How Credit Card Declines Eat in to Recurring-Payments Revenue

Fourth-quarter transaction decline rates for credit and debit cards used for subscription payments increased to 15.9% from a first-quarter 2015 low of 14.4%, based on the value of the transaction, according to a report from Recurly Inc., a recurring-payments specialist. The “Recurly Subscription Snapshot,” which analyzed 25 million recurring payments …

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The NRF Says Many EMV-Ready Retailers Are Waiting Months for Needed Certifications

A new National Retail Federation survey found that 57% of retailers that had installed EMV chip card terminals in their stores claim they’ve been waiting for up to six months or even longer to get their equipment certified. Conducted in May and June, the survey also found that 48% of respondents …

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Rosie Looks to Add EBT And PayPal to Its Shopping App As Another Grocer Signs Up

A central Illinois grocery-store chain will expand online and add mobile payments beginning this fall. The service enables consumers to use credit and debit cards along with electronic benefits transfer cards to pay for orders, says Ithaca, N.Y.-based Rosie Applications Inc., the vendor providing the technology. The move by Quincy, …

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Certification Delays Crash VeriFone’s EMV Party

It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …

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Now Retailers Are Battling Honor-All-Wallets

The latest skirmish between merchants and the major card brands has been brewing behind the scenes for months but went public early last month when an advocacy group for big-box retailers charged that a new twist on network rules is slowing the progress of mobile payments. The controversy involves regulations …

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Notes From a Payments Veteran

Recently I had the opportunity to sit down with Rich Oliver, payments consultant, speaker, and retired executive vice president at the Federal Reserve Bank of Atlanta. We discussed some of the hurdles he sees in the U.S. payments system as it accelerates from decades of glacial evolution to the world …

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Digital Transactions