Automated Clearing House

Nacha, the regulatory body for the automated clearing house network, has named open-banking specialist MX Technologies Inc. a member of its Preferred Partner Program. MX is the 30th company to be named to the program.Consumers’ top five favorite ways to pay are debit cards, credit cards, cash, contactless, and mobile wallets, according …

The Federal Reserve Board on Monday afternoon narrowed the window for the launch of FedNow, its real-time payment service, to the weeks between May and July of 2023. The announcement, which came in a short address by Fed Vice Chair Lael Brainard, is the latest in a series of updates …

Dutchie, which develops technology for cannabis retailers, unveiled Dutchie POS, which includes a hardware terminal and point-of-sale software.In related news, point-of-sale technology vendor POSaBIT Systems Corp. announced an agreement to license its point-of-sale technology to an unnamed “large cannabis technology partner.” The agreement calls for a one-time fee to POSaBIT of $500,000, …

Digital identity, new ways to move funds, the speedy pace of innovation, and changing consumer payment preferences are all quickly altering the payments arena, suggests the latest payments report from Deloitte Consulting LLP. “The things that really stood out the most for us when we looked at the data is …

OrbaGraph, a payment automation firm, said Revenue Management Solutions acquired the company. Private equity firm Thompson Street Capital Partners funded the acquisition. Terms were not disclosed.Dan Price, cofounder of Gravity Payments, which set a minimum starting annual salary of $70,000 for his employees and cut his salary from $1 million …

For years, payments fintechs with a bank charter have labored under a requirement that, for money movement, deposit-taking, and other related services, they largely had to work with another federally chartered bank. This week, the nation’s top banking regulator announced an important change to its rules that could sweep away …

Central Payments, a unit of Central Bank of Kansas City, completed a $30 million funding round, which was led by Castle Creek Capital and with more investment from Launchpad Capital. The funding spins the company out from Central Bank.PayGround, a digital wallet for medical bills, launched a “get healthy now, pay …

Paya Holdings Inc. has been among the payments industry’s more acquisitive processors, and on Friday morning its chief executive made plain the company isn’t ruling out bigger deals. “You can see our balance sheet, our leverage, and the powder is certainly there to do larger transactions,” chief executive Jeff Hack …

The U.S. automated clearing house network saw a double-digit increase year-over-year in transactions in the second quarter while dollar volume ballooned 94%, the network operator Nacha reported Tuesday morning. The volume of all transactions on the system, meanwhile, reached 7.5 billion, up from 7.3 billion in the first quarter. Helping …

American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …