News

September, 2024

• 25 September

  The Government’s Lawsuit Gets Into the Weeds on How Visa Built And Maintains Its Debit Empire

  

  The U.S. Department of Justice’s 71-page complaint accusing Visa Inc. of monopolizing U.S. debit networks goes into great detail about the company’s pricing strategies and attempts to get merchants and card issuers to direct their debit business toward Visa. Those efforts have been quite successful. Referring to Visa’s so-called “moat” …
• 25 September

  Nuvei’s New Services and other Digital Transactions News briefs from 9/25/24

  

  Payments processor Nuvei Corp. launched a number of new services, including decoupled pay-ins and payouts, and split payments. Embedded-finance fintech Sunbit announced an integration with payments-technology platform Stripe. The move will bring Sunbit’s services to a wider array of in-person service businesses, the company says. Business-automation provider BlueBean Technologies Inc. said it has completed an integration …
• 24 September

  The Justice Department May Haul Visa Into Court Over Debit Card Issues

  

  The biggest question the payments industry is wrestling with this week is whether the U.S. Department of Justice is about to sue Visa Inc., apparently over debit card issues. The financial wires were abuzz with speculation Tuesday morning that the DoJ could file an antitrust lawsuit before the day is …
• 24 September

  AppBrilliance Teams With Wallet Factory to Bring Real Time Payments to Digital Wallets

  

  AppBrilliance Inc., a provider of real-time payments, has partnered with digital-wallet solutions provider Wallet Factory to enable real-time payments on Wallet Factory’s platform. Wallet Factory will use AppBrilliance’s Money API to enable payments on closed-loop digital wallets via The Clearing House’s RTP and the Federal Reserve’s FedNow networks. AppBrilliance launched …
• 24 September

  Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24

  

  Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …
• 23 September

  Payments Rank High on Community Banks’ To-Do Lists

  

  Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, …
• 23 September

  Bluefin And Moneris Move to Enhance Point-to-Point Encryption for Merchants

  

  Bluefin Payment Systems LLC expects its deal with processor Moneris Solutions Corp. will significantly streamline Canadian merchants’ payment card security through what the parties say is an enhanced point-to-point encryption solution. Under the terms of the deal, announced last week, Moneris will include point-to-point encryption (P2PE) capabilities in Bluefin’s PCI …
• 23 September

  Walmart’s Pay-by-Bank Option and other Digital Transactions News briefs from 9/23/24

  

  Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to …
• 20 September

  A Report Shows How Payments Impact Guests’ Experience at Hotels

  

  Payments play a bigger role than many might imagine in how hotels interact with guests—and can affect a wide array of hospitality revenue streams, says a report released late Thursday from the processor Adyen NV. Some 37% of respondents say they have abandoned the booking process because they weren’t able …
• 20 September

  A Top Visa Official Outlines Four Big Trends Impacting Acquirers

  

  Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …