The Clearing House Payments Co. LLC reported early Wednesday its 7-year-old RTP service on June 28 exceeded $1 billion in daily volume for the first time. TCH waited a week and a half to disclose the milestone as it worked out what the factors were behind the record-setting performance, only …
Read More »Payzli Joins Visa Acceptance Platform and other Digital Transactions News briefs from 7/10/24
Payments provider Payzli said it now offers services from the Visa Acceptance Platform, including Tap to Phone and contactless payments. Swipesum, a merchant-services company, and Visa Inc.’s Authorize.net unit said they will support payments for 4aGoodCause, an online donation service. Relay Payments Inc. said 22 Onvo travel plazas will use its payments services that …
Read More »Cross River Pairs With MassPay to Bring Real Time Payments to a Broader Market
Barely more than a year after the Federal Reserve launched its FedNow platform, banks and service providers are finding ways to bring real-time payment capability to niche businesses. The latest example emerged early Tuesday with an announcement that Cross River Bank, a technology-oriented financial institution, is working with payments platform …
Read More »CC’s Coffee House Debuts an App Developed by Paytronix
With more than 40 locations across Louisiana, Mississippi, and Texas, CC’s Coffee House looked to provide its customers with what it saw as a more personalized ordering and loyalty service. It enlisted Paytronix Systems Inc. to support the launch of the CC’s Coffee House app, which incorporates ordering, loyalty, and …
Read More »Issuer-Provided Installment Plans Are Catching up to Traditional BNPL Plans
Issuer-provided installment plans, such as American Express Plan It, My Chase Plan, and Mastercard Installments, are on par in popularity with in-store installment offers, finds Auriemma Group’s The Payments Report. American Express Co. was among the first issuers offering its own buy now, pay later plan, having launched it in …
Read More »Discover Unveils Balance+ to Offer Overdraft Protection on Debit Cards
Consumers may be well acquainted with the concept of overdraft protection when writing checks, but early Monday Discover Financial Services said it is extending the service to its debit cards. Cardholders who hold the company’s Cashback Debit Checking account are eligible for the new service, called Balance+. “With Balance+ we …
Read More »Coinbase Wins a Federal Contract to Store Digital Assets
Cryptocurrency exchange and management provider Coinbase Inc. has won a $35.5-million contract to safeguard and trade digital assets on behalf of the U.S. Marshals Service. The Service, a unit of the U.S. Department of Justice, is responsible for asset forfeitures arising from federal legal cases, including cases that involve recovery …
Read More »Canadian Processor Helcim Looks to Draw More Partners With a Revenue Split
The Canada-based payments provider Helcim Inc., which like many processors works with a range of third-party partners, said late on Tuesday it is stepping up that collaboration to allow these integration partners to share in the company’s transaction revenue. Helcim figures revenue sharing will help attract yet more developers and …
Read More »How the Supreme Court Has Set up an Intense Struggle Over Sellers’ Debit Card Costs
Decisions from the U.S. Supreme Court are supposed to settle matters, but a verdict the high court delivered early Monday has the potential to stir up debit card pricing questions for some time to come, some observers say. The justices, in a 6-3 decision, ruled a case brought by a …
Read More »Despite Exposure, AU10TIX Says There’s No Malicious Activity From Stolen Credentials
Allegations that sensitive identification data managed by Israel-based AU10TIX could have been accessible outside of verified access are not fully accurate, AU10TIX says. The suggestion of a possible data exposure comes from a 404 Media report that says online administrative credentials were exposed for more than a year, according to …
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