Competitive Strategies

The U.S Faster Payments Council has released fresh guidelines to help financial institutions add send capabilities to their instant-payments functions, a component just as critical as the ability to receive fast transfers. Among the pieces of the “Guideline.02: Operational Considerations for Instant Payments Send-Side Primer” are items explaining the instant-payment …

Payments platform FreedomPay has partnered with Mastercard Inc. to provide businesses with a global payment gateway that it says streamlines sellers’ ability to connect with acquirers, enables them to accept a wider range of payment methods, and simplifies cross-border transactions. The partnership will provide access to more than 230 acquirers …

J.P. Morgan Payments, the payments arm of banking giant JPMorgan Chase & Co., is blazing its own path with two new payment terminals, both proprietary to the payment service. Announced Monday, the J.P. Morgan Paypad and Pinpad integrate in-store biometric authentication with payment acceptance. The point-of-sale devices are part of …

Magtek launched its Magensa Cloud Service eCommerce line of software, which it developed with PAAY, a provider of technology that authenticates consumer transactions. Payroc said it has combined its payment-processing capabilities with electric-vehicle chargers from EVMode and payment readers from UIC to offer a new EV charging platform. HTeaO, an iced-tea franchise, …

Adyen NV has introduced Uplift, an artificial intelligence-based payment optimization app that leverages data from Adyen’s processing platform to help merchants looking to boost conversions, streamline fraud management, and reduce payment costs. The app leverages data linked to global transactions on Adyen’s processing platform. The extent of payment data on …

Verione on Thursday unveiled a new line of payments devices that observers say represent a a sweeping effort by the 44-year-old company to establish a leading position in fast-moving markets like point of sale, mobile POS, and biometric authentication. The product launch includes a new set of point-of-sale devices available …

Opponents of the proposed Credit Card Competition Act expect the bill will be reintroduced in Congress, so the Electronic Payments Coalition launched a pre-emptive strike late Wednesday with a report detailing the bill’s potential economic impact. The study, conducted by Oxford Economics Research, claims the CCCA’s impact on the U.S. …

Bill-payment platform doxo Inc. has launched an app it says streamlines both bill payment and management and helps consumers avoid hidden costs, such as overdraft fees, when paying their bills.   The app, called doxoBILLS, allows users to organize and pay bills to more than 120,000 billers and pay any …

Consumers and businesses are embracing instant payments at a fast clip, even as volume growth makes double-digit increases harder to maintain. And while businesses account for a large portion of dollar volume, most of those blink-of-an-eye transactions involve consumers, says The Clearing House Payments Co., which early Wednesday released the …

Point-of-sale systems makers are already putting 2025 to work, with multiple announcements from vendors. First, Elo Touch Solutions Inc. launched a 10-inch point-of-sale system for retailers and restaurateurs. The Elo Pay 10” is built on the Android operating system. In addition to contact and contactless payment acceptance, the device has …