Wednesday , December 18, 2024

Automated Clearing House

An ISO Sees Opportunity in Digital Payments for an Often Neglected Niche—Churches

Just as businesses are fast-tracking their efforts to accept digital payments as a result of the coronavirus pandemic, so too are houses of worship. Pushpay Holdings Ltd., a Redmond, Wash.-based independent sales organization, says the number of churches using its donor-management system is growing rapidly. While churches were already adopting …

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Grocer Picks NCR POS System and other Digital Transactions News briefs from 12/23/20

NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …

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Sysnet Acquires ControlScan Unit and other Digital Transactions News briefs from 12/2/20

Sysnet Global Solutions said it acquired the Managed Complication Solutions division of ControlScan Inc. With the acquisition, Sysnet said almost 4 million small and mid-size businesses and payment processing companies use its services. Terms were not disclosed.Fido Merchant Services, a United Kingdom-based payment gateway and merchant services provider, is embarking on …

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68% of Consumers Will Use Contactless Payments and other Digital Transactions News briefs from 11/20/20

A Discover Financial Services survey found that 68% of consumers said they will use contactless payments more to avoid touching public surfaces and 66% would use less cash because of the Covid-19 pandemic. The survey of 2,000 U.S. adults also found that 35% said they plan to spend less this holiday shopping …

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USAT To Trade Again on Nasdaq and other Digital Transactions News briefs from 11/17/20

Unattended payments provider USA Technologies inc. said it received approval from The Nasdaq Stock Market LLC to relist its common stock, which it expects will happen Nov. 19 under the USAT ticker. The stock was delisted in early 2019 following an accounting probe.American Express Co. has slated its Small Business Saturday promotion for …

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Mastercard Moves to Bring Real-Time Account-to-Account Transfers to B2B Payments

Momentum for real-time payments in the United States picked up Monday as Mastercard Inc. announced it is adding account-to-account (A2A) payments functionality to its Track Business Payment Service. The new capability, which is rolling out in the United States and will be available globally by year-end 2021, allows companies to …

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Nacha’s First Phixius Transaction and other Digital Transactions News briefs from 11/10/20

Nacha announced the first transactions on its Phixius network, which facilitates information exchange between payors and payees using the automated clearing house network. The Phixius network relies on standardized open application programming interfaces. Nacha announced in February its intention to develop Phixius. Visa Inc. joined in August.Authentication services provider Paay and Bluefin Payment Systems, …

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Its SPAC Merger Behind It, Paya Reports Growth ‘Momentum’ From ACH

Paya Holdings Inc. is known for its base in integrated payments and for its processing concentration in card-not-present transactions. But what also became clear early Monday is its growing strength in bringing capability for automated clearing house payments to its roster of clients. “We have good momentum there,” said chief …

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EVO Reverses 3Q Loss and other Digital Transactions News briefs from 11/5/20

EVO Payments Inc. reported third-quarter revenue of $117 million, a 4.4% decrease from $122.4 million in the same period a year ago. Its profit, however, of $5.8 million reversed a $1.8 million loss last year. In the quarter, EVO launched EVO Direct Deposit, a real-time settlement service for merchants.The Covid-19 pandemic made …

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Tapped Debit Purchases at $20.53 Average and other Digital Transactions News briefs from 11/2/20

The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …

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