News

July, 2023

• 20 July

  It’s Official: FedNow Launches With 35 Banks And Credit Unions Signed up For Instant Pay

  

  The Federal Reserve’s instant-payment service, FedNow, is officially live with 35 banks and credit unions participating, the nation’s banking regulator announced early Thursday. The launch, which culminates four years of work since the Fed first announced its intention to build a real-time payments rail, comes as the payments industry moves …
• 20 July

  Relay Payments’ Latest Integration And Other Digital Transactions News briefs from 7/20/23

  

  Relay Payments, a payments platform for the trucking industry, announced an integration with McLeod Software, a vendor of management software for the same industry. ACI Worldwide Inc. introduced an acquiring-as-a-service platform in collaboration with Dock, a Brazil-based technology company. The product is aimed at retailers, restaurants, and e-commerce businesses. Consumer attitudes …
• 19 July

  FedNow’s Launch Is ‘Imminent’ As Observers Prepare for a New Age in Faster Payments

  

  The Federal Reserve could launch its FedNow real-time payments service as early as tomorrow, sources tell Digital Transactions News. The network, which has been under development for nearly four years, represents the regulator’s first effort to create a nationwide network for instant payments, a service that other countries, and at …
• 19 July

  Feedzai Launches Railgun, an AI-Based Fraud-Detection Engine

  

  Risk-management technology provider Feedzai has harnessed artificial intelligence with the introduction of Railgun, its latest fraud-detection engine. What differentiates Railgun, according to Feedzai, is that it taps real-time data such as customer behavior patterns and the use of specific cards across merchant networks over longer periods of time. As a …
• 19 July

  Eye on Text-to-Pay: DivDat Adds Text-to-Pay for Bill Payments; NMI Adds Authvia’s Text-to-Pay for its Portfolio

  

  Two payments companies are tapping into consumers’ affinity for texting—more than 6 billion SMS text messages are sent daily, according to The Small Business Blog—with a bill-pay service and a program for merchants. First, Detroit-based Diversified Data Processing & Consulting Inc., known as DivDat, added a text-to-pay  feature to its …
• 19 July

  Keyo’s Hand Scanner Debuts And Other Digital Transactions News briefs from 7/19/23

  

  Keyo, a provider of digital-identity technology, released its Keyo Wave+ hand scanner for payments, access control, ticketing, and other uses. Visa Inc. has renewed an agreement to be the exclusive payment-services provider for the U.S. Women’s and Men’s National Soccer Teams. Buy now, pay later provider Afterpay Ltd. said it has added “thousands” of new …
• 18 July

  Giesecke+Devrient paves the way for more sustainable payments with Pledge 2030

  

  As the first in the industry to promise the elimination of virgin plastic in payment cards by 2030 at the latest, Giesecke+Devrient (G+D) is leading the way in promoting sustainability in the payment card industry. With Mastercard announcing its Pledge 2028 the two industry leaders express their shared vision of …
• 18 July

  Consumers Want Simpler, Omnichannel Shopping and Payment Experiences, Fiserv Says

  

  From ordering and payments to reward redemption consumers want a simpler shopping experience, according to research from Fiserv Inc. To meet demand, merchants and restaurants should provide more omnichannel experiences, retailer apps, and embedded payment options that add value. Buy online, pick up in store (BOPIS) is one way merchants …
• 18 July

  Nuvei Expands Plaid Deal And Other Digital Transactions News briefs from 7/18/23

  

  Payments provider Nuvei Corp. and open-banking specialist Plaid Inc. expanded their relationship to include new services, including bank-based payments for recurring payments and payouts, and new vertical markets, including utilities and business-to-business transfers. Synchrony said its Synchrony Pay Later service will be the exclusive buy now, pay later option at the At Home …
• 17 July

  Eye on ISOs: Shift4 Adds to Its Sports Team Portfolio; PayBright Launches a Point-of-Sale Desk

  

  Shift4 Payments Inc. continues to assert its position as a leading processor for sports teams and arenas. The Allentown, Pa.-based company announced Monday it will process ticket sales for the Florida Panthers of the National Hockey League through a partnership with SeatGeek, the Panthers’ mobile-based ticketing platform provider. The deal …