Friday , November 22, 2024

Frost Bank Joins clearXchange and other Digital Transactions News briefs

The Clearing House Payments Co. LLC selected IBM Corp.’s Power8 system for its real-time payments service, expected to go live next year. The IBM system will run software from VocaLink Holdings Ltd., which TCH selected last year as a vendor for its project. VocaLink is being acquired by MasterCard Inc. TCH says its real-time system will be capable of processing thousands of simultaneous transactions per second.

Frost Bank, a unit of Cullen/Frost Bankers Inc., announced it joined Early Warning Services LLC’s clearXchange person-to-person payments network. Frost Bank now can offer P2P payments via its online and mobile-banking portals. Early Warning is in the midst of changing the clearXchange name to Zelle.

Digital Check Corp., an image-capture and payments-processing technology company, acquired some assets from Burroughs Inc., including its SmartSource check-scanning technology. Terms were not disclosed. The products will be rebranded with the Digital Check name.

Merchant processor Harbortouch Payments LLC launched its VIP Account program designed to make it easier for large restaurants and retailers to use Harbortouch’s point-of-sale products. The program includes priority service, custom POS and third-party integrations, and a 60-day trial period instead of 30 days.

Payment-services provider ACI Worldwide Inc. said it is offering cloud-based connectivity to SWIFT, the global payments-messaging network, through ACI’s Money Transfer System.

Cloud-based payments provider Shopify Inc. entered into an agreement with Export Development Canada, a Crown corporation that is Canada’s trade-finance agency, to insure merchant cash advances offered by Shopify Capital.

Payments provider PreCash Inc. officially changed its name to Noventis, though it will keep the PreCash name for its retail payments business.

The vacation-rental marketplace Vacatia said it is accepting Apple Inc.’s Apple Pay to book reservations from visitors using Apple’s iPhone, iPad, or Mac.

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