Issuing/Originating

The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …

Proponents of faster-payment services, which enable real-time or nearly real-time transfers, may need a bit of patience for larger-scale adoption of the technology. Fifty-six percent of attendees at the 2019 Nacha Payments conference in May said it will take at least a year, and possibly more, for their companies to …

CardX LLC, which specializes in credit-card surcharging programs, said it secured $2 million in funding through Pace Financial Group. This brings CardX’s total capital raised to date to $8.62 million.Payments-automation provider AvidXchange agreed to acquire BankTEL Systems, which offers accounting technology to banks. With the deal, BankTEL will link clients to AvidXchange’s AvidPay network …

Launched in November 2016, the CitiConnect set of application programming interfaces for payments and related functions is gaining traction, particularly from companies supporting instant-payment services in Asia and Europe, Citigroup Inc. reported Monday. The New York City-based global banking giant said CitiConnect has processed 157 million API calls, or requests …

Following Klarna’s recent raise of $460 million looking to expand its payments presence in the United States, and Mastercard Inc.’s recent acquisition of Vyze, the consumer-finance space is heating up with the big players of the finance world entering the arena. It is a further indication of the importance of easily …

Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …

Several backers of Facebook Inc.’s proposed Libra cryptocurrency are having second thoughts because of regulatory pushback, according to a British newspaper report. Meanwhile, the Federal Trade Commission announced settlements Thursday with four defendants accused of falsely promising big returns to consumers who paid in cryptocurrencies to participate in an alleged …

Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …

N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …

The year 2019 is shaping up to be the worst year yet for data breaches, according to a recent report from Risk Based Security Inc. Through the year’s first half, 3,813 breaches were reported, up 54% from a year earlier. Those breaches exposed more than 4.1 billion consumer records, up …