News

May, 2019

• 20 May

  Are Digital Payments Killing ATMs? Some Researchers Say Yes, But the Debate Isn’t Closed

  

  A report that emerged over the weekend showing a first-ever drop in the ATM count in four of the five largest ATM markets has lent new urgency to the debate over whether electronic payment methods are killing cash—and hence cash dispensers. The report, from London-based RBR, says the number of …
• 20 May

  BAMS Lands Sezzle and other Digital Transactions News briefs from 5/20/19

  

  Sezzle, an online provider of installment loans to consumers, will use the Bank of America Merchant Services platform for digital card processing. Lavu, provider of mobile point-of-sale systems for restaurants and bars, certified three receipt printers from Epson America Inc. Lavu previously certified Epson’s Mobilink line of mobile receipt printers. …
• 17 May

  Settlements End What the FTC Calls a Massive Robocalling Scheme

  

  A federal judge has ordered the two main perpetrators of what the Federal Trade Commission calls the “massive Pointbreak Media robocall scheme,” part of which involved remotely created checks, to pay $3.37 million to the FTC, the agency announced this week. U.S. District Court Judge Cecilia M. Altonaga in Miami …
• 17 May

  TCH Says Avidia Bank Is Just the First Smaller Bank Lining up For Real-Time Payments

  

  The real-time payments network built by The Clearing House Payments Co. LLC is often viewed as a creature of the big banks, including the ones that own and control TCH, but on Friday it became clear that some of the nation’s smallest financial institutions are ready to sign up for …
• 17 May

  Chase To Buy InstaMed and other Digital Transactions News briefs from 5/17/19

  

  JPMorgan Chase & Co. said it will buy InstaMed, a specialist in health-care payments. Terms were not disclosed. In April, InstaMed released an app with a blockchain prototype that it said will demonstrate how the technology can support adjudication and payment for insurance claims, patient billing, and patient payment. NLS …
• 16 May

  Among Businesses, A Wider Array of Payouts to Consumers Is Gaining Attention

  

  Consumer-payments services are starting to garner attention among businesses, with 76% of banks having corporate customers asking for automated business-to-consumer payment services. That’s the word from Bottomline Technologies Inc. in its 2019 B2B Payments and Working Capital Management Strategies Survey, released this week. The survey of more than 300 financial …
• 16 May

  A New Survey Casts Doubt on the Idea That Contactless Cards Will Trigger More Mobile Payments

  

  Conventional wisdom in the payments business has been that the advent and spread of contactless cards would pave the way for wider use of mobile payments. But research released this week indicates that may not be the case. Indeed, far from serving as the training wheels for mobile payments, new …
• 16 May

  Boomtown Raises $12 Million and other Digital Transactions News briefs from 5/16/19

  

  Boomtown Inc., which provides merchant-support services, raised $12 million in funding led by Telstra Ventures with others participating. The Series B funding will go toward building its Relay Software-as-a-Service platform and additional growth. Boomtown also announced that Robert H.B. Baldwin Jr., a member of the Global Payments Inc. board of …
• 15 May

  AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

  

  Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …
• 15 May

  Eye on Ride Share: Uber Picks Adyen’s 3-D Secure; Lyft Debuts Mastercard Card for Drivers

  

  Processor Adyen N.V. said ride-share service Uber will use Adyen’s 3-D Secure service online and in-app. 3-D Secure is an online authentication standard that, now in its second iteration, uses multiple bits of data to verify elements of a transaction. Unlike the first version, 3-D Secure 2 aims to be …