Friday , November 22, 2024

Digital Transactions News staff

Retailer Casper Accepts Online Apple Pay and other Digital Transactions News briefs

• To Go Stores, a Puerto Rico-based convenience-store chain, will use P97 Networks’ PetroZone mobile commerce and digital marketing platform to enable mobile payments at the pump and for in-store transactions, P97 Networks announced. • Mattress retailer Casper Sleep Inc. said it is now accepting Apple Pay for online purchases. …

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The CFPB’s Prepaid Account Rule Took a Pass on Regulating Virtual Currencies

By Jim Daly@DTPaymentNews Its many critics have labeled the Consumer Financial Protection Bureau as the regulatory agency run amok, but the CFPB declined to regulate virtual currencies in its newly released rule governing prepaid card accounts even though banks and consumer groups urged it to do so. The CFPB issued …

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Intrix Buys Maas Global Solutions and other Digital Transactions News briefs

• Merchant processor Payroc LLC announced it has acquired payment gateway The iTransact Group. Terms were not disclosed. Besides the gateway, the deal brings 6,000 merchants with $1.3 billion in annual volume to Payroc, along with mobile point-of-sale technology and a payment-facilitator platform. • Payments provider Intrix Technology Inc. purchased the business …

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Eye on Holiday Spending (Already): Merchants Gear Up for the Big Shopping Season

By Kevin Woodward@DTPaymentNews Just a week into the fourth quarter, merchants and payments companies already are preparing for the busy holiday-shopping season. American Express Co. marks its seventh annual Small Business Saturday—Nov. 26—with the debut of the Shop Small Studio at ShopSmall.com. The service provides merchants with Web-site badges, flyers, …

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Staples Accepts Online Apple Pay and other Digital Transactions News briefs

• Office-supply giant Staples Inc. has begun accepting Apple Pay on its mobile Web site, m.staples.com. Staples early on began accepting Apple Inc.’s mobile wallet in its stores and on its app. Apple recently made the service available for browser-based payments using Safari. • More than half of consumers believe …

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Two Weeks From D-Day, Same-Day ACH Clearing Looks Routine So Far

By John Stewart @DTPaymentNews For all the widespread anticipation of same-day settlement on the automated clearing house network, the first two weeks of faster processing has been a relatively quiet affair, bank executives and other experts tell Digital Transactions News. But that doesn’t mean a number of pressing questions aren’t …

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FIS Rolls Out a New Rewards-Redemption Application

By Peter Lucas@DTPaymentNews Payment processor Fidelity National Information Services Inc. (FIS) is rolling out Premium Payback, a rewards-redemption application that allows consumers to cash out rewards earned on credit and debit cards at the point of sale through participating merchants. FIS, which piloted Premium Payback at more than 7,000 BP …

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An ISO’s Semi-Integrated Approach to Hospitality and other Digital Transactions News briefs

• The Independent Community Bankers of America trade group submitted a faster-payments proposal to the Federal Reserve’s Faster Payments Task Force; developed with North American Banking Co., the ICBA proposal includes a white-label mobile application and a payments directory to enable transaction settlements through the automated clearing house network’s new …

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The CFPB’s Final Prepaid Card Rule Raises Concerns About Digital Wallets

By Jim Daly@DTPayment News Nearly two years and thousands of comments after issuing its draft regulation, the Consumer Financial Protection Bureau issued its long-awaited final prepaid card rule Wednesday. The 1,689-page document, almost double the size of the draft rule the CFPB issued in November 2014, largely follows what the …

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Green Dot Looks at the CFBP’s New Prepaid Card Rule and Says, ‘That’s OK’

By Jim Daly@DTPaymentNews Like a heavy Thanksgiving meal, the 1,689 pages of new prepaid account regulations from the federal Consumer Financial Protection Bureau are going to take a while to digest. The rules cover everything from fee disclosures to overdrafts, and, predictably, they are is drawing praise from consumer groups …

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