November 10, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
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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November 9, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Mergers & Acquisitions, Point-of-sale, Transaction Processing
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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November 5, 2020
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing, Vending
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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November 2, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
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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October 20, 2020
Automated Clearing House, Competitive Strategies, Electronic Checks, Issuing/Originating, Transaction Processing
The nation’s automated clearing house network surged again in the September quarter, even with a waning of federal-assistance payments. Volume grew by double-digit percentage increases in most major categories as the network handled 6.8 billion transactions overall, up 9%, Nacha reported Tuesday. Nacha is the governing body for the network, …
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October 15, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Restaurant technology specialist Ziosk expanded its Ziosk Platform to now include a Quick Response code service for contactless menu browsing, ordering, and payment. It also includes handheld and integration models of its service. Ziosk said the average use rate for its original devices is 92%, an average increase of almost 30% since …
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October 14, 2020
Automated Clearing House, Competitive Strategies, Issuing/Originating, Law and Regulation, Marketing, Real-time Payments, Transaction Processing
The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …
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October 12, 2020
Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Mobile Commerce, Real-time Payments, Transaction Processing
BMO Financial Group, a unit of Bank of Montreal, announced it has linked to The Clearing House Payments Co. LLC’s Real-Time Payments network, enabling U.S. business clients to receive funds instantly from any sending bank connected to the network.ACI Worldwide Inc. said its Speedpay unit will allow customers of Entergy Services LLC, a …
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October 7, 2020
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Cloud-based point-of-sale maker Revel Systems said restaurant chain Pizza King will use the Revel Enterprise POS system across its 49 locations, including payment processing via Revel Advantage. Pizza King also will use Revel’s technology for integrations with an employee scheduling application and a gift card provider.ParTech Inc. introduced PAR Payment Service. Designed for …
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October 2, 2020
Automated Clearing House, Competitive Strategies, Electronic Checks, Issuing/Originating, Law and Regulation, Transaction Processing
Nacha has approved eight amendments to its operating rules governing the use of ACH payments. The amendments were approved as part of Nacha’s strategy to modernize the ACH network through infrastructure improvements and to make ACH payments easier to initiate for consumers, businesses, and other organizations. The new rules are …
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