News

May, 2024

• 31 May

  Plaid Brings Open-Banking Technology to Western Union in Europe

  

  Open-banking technology provider Plaid Inc. is pairing-up with The Western Union Co. to bring its account-verification services to the wire-transfer giant’s European customers. Under the so-called collaboration San Francisco-based Plaid announced Thursday, Western Union will be able to tap Plaid’s open-banking system for account verification, thereby simplifying remittances and digital …
• 31 May

  Eved Launches Prepaid B2B Card For Production Companies

  

  Eved LLC, a provider of payment management solutions for the entertainment and media industry, late Thursday launched a prepaid business-to-business card for production companies. The Visa-branded card, called EvedPay, will enable entertainment, media and production companies to load predetermined dollar amounts onto the business-to-business prepaid cards to manage spending limits …
• 31 May

  Up ‘n go Tops $1.1 Billion in Payments Processed and other Digital Transactions News briefs from 5/31/24

  

  Up ‘n go, a QR code-based pay-at-the-table provider, said it recently marked more than $1.1 billion in total payments processed. The company was founded in 2017. Mastercard Inc. and Visa Inc. will settle a class action lawsuit over ATM fees, according to a Reuters report. They have agreed to pay $197 …
• 30 May

  An Alert Warns of Scams That Collect on ‘Missed’ Toll Road Payments

  

  With summer travel on the rise, fraudsters are readier than ever to take advantage of unwary motorists. Toll-road fraud is generating complaints in at least a dozen states, says the Identity Theft Resource Center in a report issued this month. The latest scam involves text messages impersonating a toll authority …
• 30 May

  Personalization Is the Key for Payments Apps And Web Sites, J.D. Power Finds

  

  Personalized financial-management tools and digital assistants will provide the pathway for banks and card issuers to differentiate their mobile apps or Web sites from those of competitors and drive adoption and usage, according to a new report from J.D. Power. The best opportunities for card issuers will come from offering …
• 30 May

  Many Opt for Manual Bill Pay and other Digital Transactions News briefs from 5/30/24

  

  Almost two-thirds of U.S. consumers prefer to pay bills manually rather than through automated services, according to a survey by payments platform MX Technologies Inc. The online research embraced 1,059 adults and was conducted during the first quarter. Embedded payments startup Forward closed a $16 million seed financing round led by Commerce Ventures, Elefund, …
• 29 May

  Beyond payment acceptance – Leveraging APIs and open banking to provide more value

  

  By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …
• 29 May

  Airlines Have Plenty of Room for Growth When It Comes to Payment Acceptance, a Report Finds

  

  Airlines face myriad challenges when it comes to improving their payment processes to drive bookings and support growth, according to a report from omnichannel payments and digital-commerce platform provider CellPoint Digital. The two leading payments challenges facing airlines are a lack of alternative payment methods and regional forms of payment, …
• 29 May

  Outdoors Specialist PayIt Expands Digital Licensing With Its North Carolina Win

  

  PayIt LLC announced on Tuesday it is processing payments for fishing licenses for the Eastern Band of Cherokee Indians in North Carolina. The deal, which was consummated March 20 but not announced immediately, is the latest for PayIt, an 11-year-old Kansas City, Mo.-based platform that specializes in digital payments for …
• 29 May

  Humbl Tickets for the Blackbears and other Digital Transactions News briefs from 5/29/24

  

  Technology platform Humbl said it will develop a digital ticketing offering for the Oregon Blackbears, an indoor football team. Organic Payment Gateways said it has launched an Authorize.net gateway service for merchants selling cannabis seed, nutritional supplements, and cannabidiol, the active ingredient in cannabis. Authorize.net is owned by Visa Inc. ParTech Inc., which …