News

December, 2024

• 4 December

  Year in Review: North’s 2024 Evolution

  

  At the end of a packed year, it’s always worthwhile to take a beat and reflect. 2024 was full of events both difficult and inspiring. For example, the late Fall devastation wrought by Hurricanes Helene and Milton in the southern United States gave way to uplifting stories of communities banding …
• 4 December

  OwlTing Partners With MoneyGram; Nuvei Enables Blockchain Payment in Latin America; Nacha’s Crypto Report

  

  OwlTing Group, a blockchain-technology company, is working with MoneyGram International Inc. to support cash-in transactions from local fiat currencies to USD Coin in its OwlPay Wallet Pro service at nearly 50,000 MoneyGram locations in 30 countries. OwlPay Wallet Pro is a blockchain-based, unhosted digital wallet that enables cross-border transactions. USD Coin is …
• 4 December

  The Clearing House Raises Its Real Time Payments Cap to $10 Million—a 10X Increase

  

  The Real Time Payments network operated by The Clearing House Payments Co. said early Wednesday it will raise its transaction limit to $10 million, a tenfold jump from the current $1-million cap. The new limit will take effect Feb. 9, following a 60-day notice period required by The Federal Reserve. …
• 4 December

  Diebold Nixdorf’s Windows 11 ATM Move and other Digital Transactions News briefs from 12/4/24

  

  ATM maker Diebold Nixdorf Inc. said two bank clients in Central Asia are the first to launch ATMs using Microsoft Windows 11. Block Inc.’s trio of payments platforms—Square, Afterpay, and Cash App—processed a record 144 million consumer transactions over the Black Friday through Cyber Monday period, up 17% from the same time …
• 3 December

  Level the card-fee playing field with dual pricing

  

  Paying with a card is very popular with consumers. They love the convenience and security of not carrying cash. For merchants, however, these payments come with a price: Processing fees. Getting paid with plastic often means merchants have to pass that expense on to their consumers. Even with low-rate accounts, …
• 3 December

  Strong Monday Sales Cap a Strong Start to the Holiday Shopping Season

  

  Online sales continued to surge on Cyber Monday, totaling $13.3 billion and up 7.3% from Cyber Monday last year, according to Adobe Digital Insights. During the peak shopping hours of 8 p.m. to 10 p.m., consumers spent $15.8 million per minute. Cyber Monday capped a strong five-day sales period from …
• 3 December

  46% of SMBs Using Credit Cards Are Better Off Now Than a Year Ago

  

  The latest J.D. Power U.S. Small Business Credit Card Satisfaction Study finds that 46% of small businesses that use credit cards say their financial state is better than it was a year ago, with most—49%—describing it as about the same. The study delved into how small businesses use credit cards, …
• 3 December

  Evolv Acquires EnzoPay and other Digital Transactions News briefs from 12/3/24

  

  Payments acceptance provider Evolv Inc. said it will acquire payments provider EnzoPay and rename it Evolv Mid-Atlantic. Terms were not disclosed. The Fiserv Small Business Index dropped two points to 144 in November from October. Year-over-year small business sales increased 4.8% and total transactions were up 9.1%. Month-over-month sales were down 1.6% and transactions …
• 2 December

  How Holiday Sales Are off to a Strong Start

  

  Online shoppers spent a record $10.8 billion on Black Friday, a 10.2% increase from a year ago, according to preliminary data from Adobe Digital Insights. Online shoppers were especially active between 10 a.m. and 2 p.m. on Friday, spending $11.3 million per minute during that period. Products seeing the strongest …
• 2 December

  Why Small Businesses Are Drawn to AI for Payments

  

  Artificial intelligence emerged last year as a trending technology in payments, and now differences are starting to emerge in how businesses are viewing and deploying the technology, with small businesses showing the most enthusiasm, a new report from the big Atlanta-based processor Global Payments Inc. shows. In fact, some 94% …