Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …
Read More »Justice Wants More Info From Visa on its Debit Practices
The U.S. Department of Justice wants more information from Visa Inc. on its U.S. debit practices, a continuation of an investigation originally started in 2021. Visa disclosed the request in a Jan. 27 U.S. Securities and Exchange Commission filing and said the Justice Department’s Antitrust Division made the request on …
Read More »Debit Cards Are Most Popular for Subscription Payments, a Recurly Report Says
The most popular payment method for funding subscription payments is a debit card, with the checking account-connected option being used for 52.9% of global subscription payments. Subscription platform Recurly Inc. released this and other data in its “2023 State of Subscriptions” report Tuesday. The second most popular option was credit …
Read More »Inflation Woes Cause Bill Payment Worry Among 86% of Consumers, doxo Finds
As costs continue to increase across the country, many Americans worry about their bill-payment obligations, with 86% concerned about the inflationary impact, found a new survey from doxo, a bill-payment services company. In the report, “The Impact of Inflation on Paying Household Bills in the New Year,” doxo found that …
Read More »Discover Network Reports Its Fourth Quarter Volume Grew 9.2%
Discover Financial Services posted single-digit growth rates for both its Pulse and Discover network units in the fourth quarter of 2022. Discover on Thursday said volume on its Discover Network was $58.1 million in the quarter, a 9.2% increase from $453.2 million in the year-ago quarter. Pulse, Discover’s debit network, …
Read More »Circle K’s New EV Charging Service Plugs into Billing
Convenience store chain Circle K is migrating its electric vehicle charging network to Driivz, a service that includes scalable EV charging billing. Tel Aviv-based Driivz says the network includes more than 600 public EV charging stations in Europe and North America. Laval, Quebec-based Alimentation Couche-Tard Inc., parent company of Circle …
Read More »Eye on Acquiring: FreedomPay Marks Moneris Integration; MagTek Readers Are Top Picks
FreedomPay Inc. said its payments services will soon be available to Canadian merchants serviced by Moneris Solutions Corp. Moneris expects the FreedomPay integration to be available mid-year. Toronto-based Moneris, one of the largest processors in Canada based on transaction volume, says the integration will give merchants more tools and choices. …
Read More »POS Provider Tulip Enlists Apple’s Tap to Pay on iPhone Via Adyen
Apple Inc.’s Tap to Pay on iPhone has lined up another point-of-sale system supporter. Tulip, a point-of-sale system maker for omnichannel and enterprise merchants, now supports the contactless payment technology via an integration with processor Adyen NV. Announced Tuesday, the integration means Tulip merchants can use iPhones to accept payments …
Read More »Fintech NorthOne Offers a Real-Time Payments Capability Via The Clearing House
Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …
Read More »Worldline Adds Splitit as a BNPL Option for Merchants
Global processor Worldline S.A. will make Splitit, a white-label buy now, pay later provider, available to its roster of merchants and marketplaces, starting first in North America. Announced Tuesday, the integration will enable Worldline merchants to offer card-based installment payments within the existing checkout flow. Merchants can use their brand …
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