Property-management technology provider Streamline launched Streamline One, a set of technologies including reservation verification and rental-payments acceptance. Sightline, a specialist in digital casino payments, launched Deposit+, a service that credits to the casino’s bank account cash sitting in slot machines and kiosks for immediate access. As part of its entry into …
Read More »Mapbox’s In-Car Payments And Other Digital Transactions News briefs from 10/5/23
Location-technology vendor Mapbox launched MapGPT, an automobile-based voice assistant incorporating generative artificial intelligence. Among its features is an ability to process payments, starting in Japan with that country’s PayPay app. Stop & Shop and Food Lion have adopted a mobile shopping app from Peapod Digital Labs, an e-commerce technology developer for Ahold Delhaize …
Read More »Ripple Gets Singapore OK And Other Digital Transactions News briefs from 10/4/23
U.S.-based blockchain platform Ripple Labs Inc. said its unit in Singapore, Ripple Markets APAC Ltd, has received a Major Payments Institution license from Singapore’s Monetary Authority, enabling Ripple to go on providing regulated digital-payment token services in that country. Online grocery-delivery service Instacart said it will now accept payments from users through Medicare Advantage …
Read More »FedNow Tally at 108, up from 35 And Other Digital Transactions News briefs from 10/3/23
The Federal Reserve said FedNow, its real-time payments service that launched in July with 35 banks and credit unions, now counts 108 participating institutions with 21 others providing liquidity and settlement services and 20 service providers. Kenneth C. Montgomery, the Federal Reserve Bank of Boston first vice president and chief operating officer who spearheaded …
Read More »Exchange Bank Picks Pidgin for Real-Time Payments And Other Digital Transactions News briefs from 10/2/23
Payments-technology platform Pidgin said it has agreed to provide real-time payments capability to retail and commercial account holders at Exchange Bank. AffiniPay LLC, a payments platform for professional-services firms, has sold its accounting-software unit, Soluno, to ActionStep, a provider of practice-management technology. Terms were not disclosed. The U.S.-based blockchain firm Coinbase Inc. announced it …
Read More »TNS Lines up 1,500 ATMs Contract And Other Digital Transactions News briefs from 8/29/23
U.S.-based network-management company Transaction Network Services said its technology will manage connectivity for Spain-based Euro Automatic Cash, a network of 1,500 ATMs. Tiptap, a donation platform, said it will enable Visa member financial institutions to offer customers a platform to make small donations to community charities while they are performing routine banking …
Read More »Visa Alters Chargeback Rules And Other Digital Transactions News briefs from 9/28/23
Visa Inc. says a change to its dispute rules and processes will make it easier for merchants to fight so-called friendly fraud in card-not-present transactions. With such fraud, cardholders dispute legitimate transactions to claim a refund. Payments provider Deluxe Corp. will offer bill-payment technology from Aliaswire Inc. to its banking clients through a new …
Read More »The Fed on Request for Payment And Other Digital Transactions News briefs from 9/27/23
The Federal Reserve issued a set of market practices, or a kind of blueprint, as part of an effort to introduce standards for a request for payment function for bill pay on the regulator’s FedNow real-time payments service, which launched nationwide in July. Block Inc.’s Square point-of-sale unit launched Tap to Pay on Android …
Read More »Flexpoint Jumps in as a Payment Platform And Other Digital Transactions News briefs from 9/26/23
FlexPoint announced its launch as a payments platform for so-called managed-service providers, or organizations that provide information-technology services to companies. Flexpoint also announced a long-term financing program for clients through GreatAmerica Financial Services. Automaker Mitsubishi Electric said it has enlisted BlackBerry Ltd. to supply in-vehicle data services, including digital payments. Commerce-technology provider Treez launched new payments …
Read More »Contactless Payments To Surge And Other Digital Transactions News briefs from 9/25/23
The number of digital transactions globally will rise 12% in 2024 to cross the 1-trillion mark, Juniper Research forecasts. Near-field communication (NFC) payments, otherwise known as tap-and-pay, will grow fastest, at 30%, followed by digital ticketing (19%), according to Juniper. The Canada-based commerce platform Shopify will enable payments for India-based e-commerce merchants directly on …
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