News

March, 2018

• 19 March

  With Same-Day ACH Fully Phased in, NACHA Plans Higher Limits and Other Enhancements

  

  With the third and final phase of same-day automated clearing house payment processing now in effect, ACH governing body NACHA is turning its attention to improving the program through higher transaction limits, adding a later processing window, and other changes. Same-day ACH transactions currently are capped at $25,000. Herndon, Va.-based …
• 19 March

  Google Pay Integrates With Shopify And Starts a Mass-Transit Pilot in Las Vegas

  

  When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …
• 19 March

  SignUpGenius Enhances Payments Service and other Digital Transactions News briefs from 3/19/18

  

  Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …
• 16 March

  Omnichannel Vital for Retailers, But Payments Improvements Rank Low in 2018, NRF Finds

  

  As more consumers opt to shop using mobile devices, more retailers are looking at ways to unify the checkout experience, according to the “State of Retailing Online 2018” report released this week by Shop.org, the digital arm of the National Retail Federation. Completed in conjunction with Cambridge, Mass.-based Forrester Research …
• 16 March

  A Delivery App for Busy Air Travelers Seeks to Tap Into Rising Concession Sales

  

  The home-delivery craze is starting to manifest itself at other venues, with the airport representing the latest example. With a new mobile app, harried passengers can have food or other products from airport stores delivered to them as they sit at their gates. The free app, called AtYourGate, comes from …
• 16 March

  Gap Wants Its Top Suppliers To Ditch Cash Payments to Workers by 2020

  

  Apparel and accessories retailer Gap Inc. wants its leading suppliers to stop paying workers in cash by 2020 and instead pay them digitally. San Francisco-based Gap, which had nearly $16 billion in sales last year and owns the Old Navy, Gap, Banana Republic, and Athleta brands, said this week that …
• 16 March

  Vendor Eliminates Contactless Metal Card Issues and other Digital Transactions New briefs from 3/16/18

  

  XCore Technologies, a component maker for card manufacturers, introduced a technology that it said eliminates issues when making a contactless payment using a metal card. TruRating Ltd., a technology company specializing in point-of-payment customer feedback services, announced it has joined the app marketplace of point-of-sale terminal maker Poynt. In an …
• 15 March

  PIN-on-Glass Technology Will Be Deployed In an Ingenico Test With MyPINPad

  

  Point-of-sale terminal maker Ingenico Group will test the PIN-on-glass specification in conjunction with MyPINPad and its software-based PIN-pad technology, MyPINPad announced Thursday. The PCI Security Standards Council released its specification for PIN-on-glass in January, enabling payments companies to provide PIN entry on commercially available, off-the-shelf devices like smart phones and tablets. …
• 15 March

  Anti-Fraud Specialist Ethoca Rolls out a Tripartite Defense Against E-Commerce Chargebacks

  

  The rising problem of e-commerce fraud and related issues like false declines is prompting anti-fraud software companies to roll out solutions. On Thursday, Ethoca Inc. launched a new service with three lines of defense that the Toronto-based company says can potentially eliminate 90% of e-commerce chargebacks. Ethoca’s Integrated Solution Suite includes …
• 15 March

  UnionPay Unveils Platform To Expand Its Mobile-Payment Services Worldwide

  

  China-based UnionPay International has created a mobile-payments platform the big payment network hopes will further expand adoption of its payment services beyond its home country. The platform, dubbed UnionPay International Mobile Payment Service (UMPS), enables banks, merchants, mobile-phone manufacturers, and other third parties to access UnionPay mobile services through open …