Digital Transactions Authoritative, insightful and timely information for payments professionals
• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc. • Payment technology provider ACI Worldwide …
Read More »Avidia Bank Among Same-Day ACH Pioneers and other Digital Transactions News briefs
• Avidia Bank announced it is offering same-day ACH payments using technology supplied by linked2pay, a payments-technology company. • Fuel-pump manufacturer and convenience-store technology provider Gilbarco Veeder-Root said Colbea Inc., which does business as Seasons Corner Market, is installing Gilbarco’s Passport Point of Sale system to handle EMV chip card payments …
Read More »On the Eve of Same-Day Clearing, ‘Excitement Is Palpable’ at ACH Nerve Center
By John Stewart@DTPaymentNews Same-day processing starts Friday on the nation’s automated clearing house network, and months of preparation and planning appear to be paying off. “Everybody is heads-down getting it done. We haven’t been getting any SOS calls,” Jane Larimer, executive vice president of network services at NACHA, the governing …
Read More »With Same-Day ACH Looming, Dwolla Unveils a Payout Feature for its White-Label API
By John Stewart @DTPaymentNews Companies that have been planning for months for the arrival Friday of same-day automated clearing house payments are getting ready to pounce, and one of the first opportunities lies in platform payouts. Des Moines, Iowa-based Dwolla Inc., for example, on Wednesday is announcing a new feature …
Read More »Frost Bank Joins clearXchange and other Digital Transactions News briefs
• The Clearing House Payments Co. LLC selected IBM Corp.’s Power8 system for its real-time payments service, expected to go live next year. The IBM system will run software from VocaLink Holdings Ltd., which TCH selected last year as a vendor for its project. VocaLink is being acquired by MasterCard …
Read More »Network Merchants Earns TSYS Certification and other Digital Transactions News briefs
• Processor Fiserv Inc. said a new scoring model for its Payment Fraud Manager service designed specifically for automated clearing house transactions detected more than 90% of fraud while reviewing only 2% of the transactions in model validation tests. • Payment gateway Network Merchants LLC announced its SwIPe EMV chip …
Read More »With Its Latest Results, the ACH Extends Its String of 5%-Plus Growth Quarters
By John Stewart @DTPaymentNews Traffic on the nation’s automated clearing house network has perked up over the last couple of years, and the latest statistics show no slacking off in that trend. Second-quarter transaction volume on the ACH grew 5.6% in the quarter ended June 30, down from the first …
Read More »Square Posts Europe Job Openings and other Digital Transactions News briefs
• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
Read More »Looking to Manage Risk, NACHA Sets a Rule Requiring Banks to Register Third-Party Senders
By John Stewart@DTPaymentNews As the automated clearing house network gets set to start a process that will over time speed up credit and debit transactions to
Read More »A Payments Association Mounts a Defense for an ISO Targeted by the CFPB
By Kevin Woodward@DTPaymentNews The Third Party Payment Processors Association is stepping in to lend support to Operation Choke Point, a federal government initiative targeting high-risk merchants via their payments providers. The
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