Electronic Bill Payment

Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees.  The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …

A payments trend that has gained some momentum during the pandemic is open banking, the idea that funds can validated and moved from an account to another one at a different bank inexpensively and by means other than cards or checks. On Thursday, that concept took a big step forward …

Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …

An influx of larger merchants helped drive first-quarter payment volume for Square Inc., while on the consumer side the company’s Cash App benefited from a runup in value for Bitcoin as well as increasing adoption by business users. Sellers’ gross payment volume totaled $29.8 billion in the quarter, up 21% …

Skeptics abound when it comes to digital currencies, but PayPal Holdings Inc. is out to prove them wrong. Chief executive Dan Schulman, an early enthusiast, made it plain Wednesday he sees the crypto trend not only as the company’s big opportunity, but also as a potential liability if PayPal fumbles …

To help large businesses reduce payment transaction costs and provide another option for how they receive payments, Square Inc. on Wednesday announced it will accept automated clearing house payments on Square Invoices.  The addition of ACH payments could also enable Square to attract large, complex businesses—such as wholesalers, home-repair specialists, …

As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …

Faster-payment volume soared 88% on the nation’s automated clearing house network in the year’s first quarter compared to the same period in 2020, Nacha reported Thursday. Transactions processed the same day they were initiated totaled 141.1 million, compared to 75 million in last year’s March quarter, the last period before …

Paysafe Group Holdings Ltd. has launched Neteller Knect, a loyalty program for users of its Neteller digital wallet. The program is active in more than 100 countries. Paysafe earlier this week went public via its merger with Foley Trasimene Acquisition Corp. II.Sightline Payments, a startup specializing in payments for the gaming, lottery, and …

The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …