News

May, 2024

• 7 May

  Consumers And Businesses Are Embracing Instant Payments, a Fed Study Says

  

  Consumers and businesses are embracing instant-payment options for such transactions as bill payment, mobile-wallet funding and defunding, account-to-account transfers, and immediate payroll for employees, the Federal Reserve says. A pair of studies surveying businesses and consumers about instant payments and the payments landscape, released late Monday by the Fed, reveals …
• 7 May

  Eyeing a Competitive Restaurant Market, Square Launches a Kiosk

  

  Square, the acquiring arm of Block Inc., is the latest to launch a dedicated kiosk for quick-service restaurants. Announced Tuesday, Square Kiosk combines hardware and software to enable self-ordering and payment. Available later this summer for all Square for Restaurants merchants, Square Kiosk accepts multiple payment methods including contactless and …
• 7 May

  PayNearMe in Trustly Deal and other Digital Transactions News briefs from 5/7/24

  

  PayNearMe, a payments provider for iGaming, online sports betting, and other markets, announced it is integrating open banking capability through a new agreement with Trustly. Visa Inc. launched Visa Account Attack Intelligence, a platform that harnesses generative artificial intelligence to generate a score indicating the probability of card-testing attacks by fraudsters …
• 6 May

  J.P. Morgan Payments Adds Real Time A2A Payments With the Addition of Visa Direct

  

  Real-time account-to-payment payments has received a big boost as J.P. Morgan Payments adds Visa Direct to its arsenal of payment options. The deal gives businesses using J.P. Morgan Payments’ platform an option to make payments, such as a rebate or refund, directly to a consumer’s debit card or bank account …
• 6 May

  PayNearMe Enables Cash Toll Payments on Cashless Tollways

  

  Growth in cashless tollways has been a boon for moving traffic. Now, PayNearMe Inc., a cash-based payment service, says it is working with Kapsch TrafficCom to enable a way for those without access to in-car wireless toll payments to pay with cash. Announced Monday, the partnership sees Santa Clara, Calif.-based …
• 6 May

  Zark Expands Payment Options and other Digital Transactions News briefs from 5/6/24

  

  Zark Parking Solutions Inc., a parking-reservations platform, said it is adding payment options, including an integration with Apple Pay, single-click log-ins with Google and Apple, and its own Web app. Sales by U.S. small businesses grew 5.6% year-over-year in April, sending Fiserv Inc.’s April Small Business Index up four points to 145. …
• 3 May

  Composable commerce for ISVs: Creating the blueprint for strategic growth

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As consumer demand for a frictionless payment experience increases, ISVs that embed additional financial services into their offerings stand to win more market share in a progressively competitive software ecosystem. How ISVs decide to …
• 3 May

  Shrugging off Volatility, Crypto Enthusiasts Hike First Quarter Spending by 20%

  

  When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …
• 3 May

  Accel-KKR Picks up Accertify and other Digital Transactions News briefs from 5/3/24

  

  Accertify, which provides fraud prevention, chargeback management, account protection, and gateway services, said private equity firm Accel-KKR completed the acquisition of the company from American Express Co., which it acquired in 2010. Terms were not disclosed. The U.S. Payments Forum announced a white paper exploring the links between connected cars and contextual …
• 2 May

  Block Slams News Reports of a DOJ Investigation for Compliance Violations

  

  Block Inc. chief executive Jack Dorsey fired back at news reports that the U.S. Department of Justice is investigating the company for alleged compliance lapses at Block’s Square and Cash App units. The reports “lack full context,” Dorsey said during Block’s quarterly earnings call late Thursday. News of the investigation …