Digital Transactions Authoritative, insightful and timely information for payments professionals
Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts. Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …
October, 2020
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14 October
A Pilot Is Coming for FedNow, But Some Question the Fed’s Deliberate Pace
The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …
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14 October
Western Union Extends Kroger Deal and other Digital Transactions News briefs from 10/14/20
The Western Union Co. has extended an agreement with grocer The Kroger Co. to offer Western Union payment services at Kroger stores.Parking-app provider ParkMobile LLC announced an agreement with Diamond Parking to expand usage of the app to some 2,000 parking spots in more than 40 locations in San Diego. The app claims nearly 100,000 …
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13 October
ATMIA Deplores ‘Fearmongering’ in Press Coverage of Covid Risk at ATMs
With ATM transaction volumes in bank branches returning to near pre-Covid-19 levels, the ATM Industry Association Tuesday issued a statement decrying media coverage regarding the risk of infection from ATM use. The issue centers on a study by the Commonwealth Scientific and Industrial Research Organisation and the Australian Centre for …
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13 October
In a Crowded Field, Afterpay Brings Its Buy Now, Pay Later Service to the Cash Register
Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …
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13 October
PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20
PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …
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12 October
Amazon Prime Day Will Generate Nearly $10 Billion in Sales in an E-Commerce Extravaganza
After a more than two-month delay, Amazon Prime Day is poised to officially kick off early Tuesday. The two-day event, which was created to boost Prime memberships, will generate $9.91 billion in sales worldwide for Amazon, up 43% from last year’s event, according to the latest forecast from research firm …
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12 October
Shift4 Adds an Ordering Capability to Its QR Code Technology for Restaurants
Shift4 Payments Inc. on Monday announced it is expanding its Quick Response code capabilities for restaurant clients to include an ordering function. Customers will now be able to scan a QR code displayed by the eatery to bring up a menu and to place an order, the Allentown, Pa.-based processor …
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12 October
BMO Adopts TCH’s RTP and other Digital Transactions News briefs from 10/12/20
BMO Financial Group, a unit of Bank of Montreal, announced it has linked to The Clearing House Payments Co. LLC’s Real-Time Payments network, enabling U.S. business clients to receive funds instantly from any sending bank connected to the network.ACI Worldwide Inc. said its Speedpay unit will allow customers of Entergy Services LLC, a …
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9 October
Eager Consumers Buoy Transaction Volume for Eateries And Hotels, Shift4 Data Shows
Seasonal expectations of a September slowdown in payment volume failed to fully materialize, suggests new data from Shift4 Payments Inc. Its data shows that payment volume was relatively consistent through August and September in most of the country. Though the hospitality segment continues to experience lower transaction volumes compared to the …
