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- Payroll-software provider Paychex Inc. introduced same-day debits processing on the automated clearing house. The new functionality allows employers to initiate corrections or reversals the same day the payroll is processed. Under ACH rules, same-day debits started Friday.
- Frost Bank introduced “Send Money with Zelle” on its Frost app. Zelle is a bank-controlled person-to-person payments network launched earlier this year.
- The Federal Trade Commission confirmed that it is investigating the data breach at credit-reporting agency Equifax Inc. in which hackers gained access to 143 million credit records and more than 200,000 payment cards, Reuters reported.
- Revel Systems, a provider of payments equipment for merchants, announced Revel Advantage, a program that processes multiple payment types as an integrated function of the Revel service.
- Bank of America Merchant Services said it is offering free Clover Go mobile-payment devices to BAMS merchants in FEMA-designated disaster areas impacted by hurricanes Harvey and Irma.
- First Data Corp. said Valley National Bank, which has more than 200 branches in New Jersey, New York, and Florida, will refer its business clients to First Data for merchant-processing services under a new long-term agreement.
- Fujitsu America Inc. introduced a cloud-based “biometrics-as-a-service” product for businesses’ authentication needs.
- The Electronic Funds Transfer Association issued a press release summarizing the 40-year-old payments trade association’s accomplishments.
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