Tuesday , November 26, 2024

Wells Fargo’s New Payment Service and other Digital Transactions News briefs

Noting that U.S. businesses send consumers write 3 billion paper checks annually, Wells Fargo & Co. said it will allow companies to send consumer payments electronically through a new service called Payment Manager B2P, expected to roll out early next year. The service will work with the clearXchange peer-to-peer transfer network.

Ireland-based Alpha Payments Cloud received an undisclosed investment from Wells Fargo through its Startup Accelerator program.

Electronic check processor CheckAlt purchased Klik Technologies Corp., which provides receivables services to financial institutions and other organizations, for an undisclosed amount. The combined company retains the CheckAlt name.

Merchant processor Cayan has appointed Rachel Trueblood senior vice president of marketing. Trueblood comes to the company from office-supply chain Staples Inc.

Real-time payments processor Wildcard Payments has changed its name to Push Pay Inc. to better underscore what it says is its three-second transaction speed.

Gateway and tokenization provider Shift4 Corp. says it now offers 57 device and processor combinations for software developers wanting to integrate EMV acceptance into their point-of-sale software.

The Canadian Payments Association, which owns and operates the country’s payment clearing and settlement infrastructure, changed its name to Payments Canada.

Testing and certification lab UL says its EMV Personalization Validation Tool is qualified for MasterCard’s CPV 9.2 card personalization validation process.

Payments-solutions provider E-Complish announced an interactive voice-response system that can process inbound and outbound card and check payments.

Visa Inc. joined the Alliance for Safe Online Pharmacies organization.

• The ATM Industry Association issued a member alert about the new nexo IFX protocol standard, an XML-based open standard the trade group says will promote the development of standardized software and reduce costs from legacy ATM systems with proprietary message protocols.

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