AppBrilliance Inc., a provider of real-time payments technology, has partnered with Zoccam, a specialist in payments for the real-estate industry, to enable real-time payments for real-estate transactions. Zoccam will use AppBrilliance’s Money API to enable real-time transfers, such as earnest-money deposits, to be sent through The Clearing House Payment Co. …
Read More »Dwolla Launches Open Banking Services With A2A Payment Focus
Payments-technology provider Dwolla Inc. announced Tuesday the launch of its open-banking service for mid- and enterprise-sized businesses. The service streamlines businesses’ ability to embed open-banking capabilities within existing applications through a single application programming interface, as opposed to relying on connections to multiple vendors. To further reduce the complexity of …
Read More »You Can Attribute Google Pay’s Demise to Weak Market Share And Google Wallet’s Popularity, Experts Say
Alphabet Inc.’s decision to discontinue Google Pay in the U.S. market, including its peer-to-peer payments capability, effective in June is not entirely an unexpected move, experts say, as the app has a more popular sibling in Google Wallet. And, they note, it lacks the market share of competing digital wallets. …
Read More »Consumers Are Paying Off Sooner on Holiday Purchases Financed With BNPL Loans, Klarna Finds
Shoppers financing purchases during 2023’s Black Friday weekend are paying off their loans sooner than they were a year ago. Some 30% of BNPL purchases made during that period in the United States were paid off early, compared to 24% a year earlier, according to BNPL provider Klarna AB. Overall, …
Read More »Will Cap One’s Deal for Discover Create ‘True’ Network Competition? Depends on Whom You Ask
Capital One Corp.’s proposed acquisition of Discover Financial Services may give Cap One an alternative network over which to route credit card transactions, but the deal will not create the “badly needed” network competition that passage of the Credit Card Competition Act would, the Merchants Payments Coalition argues. Without passage …
Read More »Eye on POS Tech: POS Nation Acquires GrazeCart; Toast Signs Caribou Coffee
Point-of-sale technology provider POS Nation has acquired e-commerce platform GrazeCart for an undisclosed sum. The deal will provide POS Nation with access to an e-commerce platform that will expand its reach to new customers in food suppliers, such as farmers and ranchers that sell direct-to-consumer under their own brand, POS …
Read More »Fiserv Extends Clover Discounts to Genesis Bank Merchants
Fiserv Inc. is partnering with Genesis Bank to provide low-to-moderate income small businesses in Southern California serviced by the bank access to its Clover point-of-sale technology at a reduced cost. The deal opens the door for low-to-moderate income small businesses a way to access to select Clover technology bundles with …
Read More »NMI Launches an Embedded Payments Platform to Ease Integration And Processing for ISOs
Payments provider NMI LLC announced Thursday the launch of NMI Payments, a modular embedded-payments solution that enables software companies and independent sales organizations to integrate and accept payments online, in-store, in-app, through mobile devices, and at unattended payment terminals, according to the company. NMI Payments integrates within existing applications and …
Read More »If Top Card Execs Must Testify, So Should Merchant Leaders, CCCA Opponents Argue
Days after Sen. Dick Durbin, D-Ill., sent letters to the chief executives of Visa Inc. and Mastercard Inc. demanding they testify before the Senate Judiciary Committee about their opposition to the Credit Card Competition Act, the Electronic Payments Coalition is asking why the committee is not requesting that leaders of …
Read More »Fiserv Partners With NCR Atleos to Add Self-Service to Its CheckFreePay Bill Payment Network
Fiserv Inc. has expanded its CheckFreePay bill-payment network to include self-service capabilities through NCR Atleos ATMs. CheckFreePay users will be able to pay their bills in cash at thousands of NCR Atleos ATM locations, including top-10 retailers, grocery stores, convenience stores, and pharmacies in the United States. Previously, ATMs that …
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