Real-time Payments

August, 2022

• 25 August

  As E-Commerce Soars, Network Tokens Take off

  

  Visa Inc. announced late Wednesday it has now issued more network tokens than there are physical Visa cards, eight years after the launch of the Visa Token Service. With a boom in e-commerce and other digital applications, the service has now issued more than 4 billion tokens, Visa said, almost …
• 25 August

  MoviePass Picks Usio’s Prepaid Service And Other Digital Transactions News briefs from 8/25/22

  

  MoviePass, a movie-theater subscription service, selected Usio Inc. as its exclusive prepaid card issuing platform. Usio will be the program manager and processor for the upcoming MoviePass debit card it plans to issue to all subscribers.PayPal Holdings Inc., in conjunction with National Philanthropic Trust and Vanguard Charitable, launched Grant Payments, a product …
• 22 August

  No Going Back as Digital Payments Transformation Has Cemented Itself, Report Suggests

  

  Digital identity, new ways to move funds, the speedy pace of innovation, and changing consumer payment preferences are all quickly altering the payments arena, suggests the latest payments report from Deloitte Consulting LLP. “The things that really stood out the most for us when we looked at the data is …
• 17 August

  Fed Accounts Are Now Open to Fintechs With a Bank Charter Under New Guidelines

  

  For years, payments fintechs with a bank charter have labored under a requirement that, for money movement, deposit-taking, and other related services, they largely had to work with another federally chartered bank. This week, the nation’s top banking regulator announced an important change to its rules that could sweep away …
• 10 August

  Bank-Transfer Specialist Sionic Is Set to Launch a Reseller Program

  

  Sionic Mobile Corp., a provider of consumer-to-business payments technology, will launch a program that enables independent sales organizations, agents, independent software vendors and other resellers to provide merchant clients with a new Pay-by-Bank service in the United States. The program, which will launch Sept. 1, is intended to help resellers …
• 10 August

  Jack Henry Snaps up Payrailz And Other Digital Transactions News briefs from 8/10/22

  

  Financial-technology provider Jack Henry & Associates Inc. said it will acquire Payrailz, a provider of digital-payments technology, including real-time peer-to-peer payments capability. Terms of the transaction, which is expected to close by the end of the month, were not disclosed.Payments platform BlueSnap has agreed to support KeyBank’s U.S payments gateway for e-commerce transactions by middle-market …
• 3 August

  North American Banking Adds Real-Time Payments And Other Digital Transactions News briefs from 8/3/22

  

  North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …
• 2 August

  AmEx Launches SMB Global Pay Service And Other Digital Transactions News briefs from 8/2/22

  

  American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …

July, 2022

• 27 July

  Visa’s Kelly Touts Visa Direct to Attack P2P Fraud As the Network Reports a Strong Quarter

  

  Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …
• 27 July

  Mobile Payment Use Increases and other Digital Transactions News briefs from 7/27/22

  

  Consumers making a mobile payment at least once a week increased to 58% in the first half of 2022, compared with 46% in the same period in 2021, according to ACI Worldwide Inc.’s latest 2022 ACI Speedpay Pulse survey.E-commerce specialist Signifyd said a survey it commissioned found that 66% of respondents cut back their …