Digital Transactions Authoritative, insightful and timely information for payments professionals
The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …
May, 2022
-
2 May
The Federal Reserve Begins Piloting Its FedNow Real Time Payments Service
In preparation for the launch of its FedNow instant payments program in 2023, the Federal Reserve announced Monday it has begun the testing phase for the program, including the onboarding of participating organizations. More than 120 organizations, including Square Financial Services Inc., an industrial-bank subsidiary of Block Inc., and Q2 …
April, 2022
-
29 April
Aeropay’s Deal With Flowhub Furthers Digital Payments’ Reach In Cannabis Dispensaries
Electronic payments options for legal cannabis sales broadened their reach with Thursday’s deal between Aeropay, a digital payments provider specializing in cannabis sales, and Flowhub, a point-of-sale platform for legal cannabis dispensaries. The deal will enable more than 1,000 dispensaries using Flowhub’s POS software to accept ACH payments. To initiate …
-
29 April
The Card Giants Report Robust Cross-Border Results As Pandemic Effects Wane
A key business for international card companies is cross-border travel, which took a big hit with the onset of the Covid-19 pandemic early in 2020. But now it appears that business is staging a comeback. Mastercard Inc. reported Thursday its cross-border volume in March climbed above numbers last seen in …
-
29 April
Restaurant Spending up 4% and other Digital Transactions News briefs from 4/29/22
Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …
-
28 April
Preserving Contact in a Contactless Environment
Stronger relationships make for stronger ISO’s By John Newton, Vice President, Strategic Partnerships, First American by Deluxe We are wired to connect. That’s according to social neuroscientist Matthew Lieberman, who says there are three networks within the human brain that bolster connection: one that involves our ability to …
-
28 April
Digital Fraud Is Down Overall, But Several Industries Are Still At High Risk
Thanks to more businesses implementing fraud-prevention tools, global digital fraud decreased more than 22% during the first quarter of 2022, compared to the same period a year earlier, according to TransUnion LLC’s quarterly digital-fraud analysis, released Thursday. On a per-category basis, financial services, telecommunications, and retail all saw declines in …
-
28 April
Aeropay’s ACH Integration with Flowhub and other Digital Transactions News briefs from 4/28/22
Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …
-
27 April
PayPal’s Schulman Stresses a New Super App And Improved Checkout to Drive Growth
PayPal Holdings Inc.’s top management made it plain late Wednesday they’re not backing down from a strategy they outlined three months ago that made it seem the payments giant was abandoning an emphasis on sheer growth in favor of increased user engagement . That impression disappointed analysts who follow the …
-
27 April
The Untapped Power Within Real-time Payment Analytics
By Kevin Johnson, VP of Sales, Transact & Latin America Technology, innovation, and fintech continue to transform the payments industry. From cryptocurrency and digital wallets to buy-now-pay-later and real-time, innovation is touching nearly every facet of the industry. A system once based on barter-and-trade now offers consumers and businesses numerous …
