Credit Cards

There has been a “noticeable increase” in fraud on credits and debits on the automated clearing house network, according to the latest “Payments Fraud and Control Survey Report” from the Association for Financial Professionals. Some 33% of responding organizations reported ACH debit fraud in 2018, up from 28% in 2017, …

i3 Verticals Inc. completed its $24 million acquisition of Northeast Texas Data LLC and Graves Humphries Stahl LLC, collectively known as Net Data, which provides software services, including payment acceptance, to municipalities and local government agencies primarily in Texas. Millersville University adopted the ACI student payment portal from ACI Worldwide …

A recent Forbes article attempted to refute many of the conclusions of a prior Wall Street Journal article that had illustrated how the card schemes (Visa Inc. and Mastercard Inc.) have dramatically increased their fees in recent years. In response, the Forbes article challenged the Journal article by completely changing …

Checkbook, a provider of digital-check technology, introduced Instant Pay, a service that lets businesses push funds into consumer and corporate bank accounts using Visa Direct, Visa Inc.’s push-payments network. Checkbook’s founder is PJ Gupta, former chief network architect at Visa. First American Payment Systems LP said it now offers Idealpos’s …

Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS. NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose …

Payment card fees paid by convenience stores last year rose 9.9% to $11.1 billion from $10.1 billion in 2017, NACS, formerly the National Association of Convenience Stores, says in its newly released State of the Industry report. The increase in card fees outpaced 2018’s 8.9% increase in total sales, to …

Apple Inc.’s forthcoming Apple Card is another push from the computing giant to move payments into a digital realm under Apple’s control, according to analysts. Apple last week announced the card, which bears a Mastercard Inc. brand and will be issued by Goldman Sachs Group Inc. The product, which eschews …

Wells Fargo & Co. has introduced contactless credit and debit cards for point-of-sale transactions. Information on how many cards will be issued was not immediately available. Tapping at ATMs will be introduced nationwide later this year at more than 13,000 machines, the bank said. Advanced Solutions International, a software developer …

April is a month when most Americans think about taxes. It turns out that a surprising number of them—29%—would rather mail a check to the government than use electronic methods. That’s the word from payment technology provider ACI Worldwide Inc., which in March commissioned YouGov Plc, a global research firm …

Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety …