Digital Transactions Authoritative, insightful and timely information for payments professionals
The Federal Reserve’s FedNow real-time payments platform will charge a monthly $25 participation fee for each receiving routing transit number, 4.5 cents per credit transfer to be paid by sender, and a penny for a request for payment message, paid by requestor. The Fed expects to release a full fee schedule later this …
January, 2022
December, 2021
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27 December
E-Commerce Sales up 11% and other Digital Transactions News briefs from 12/27/21
E-commerce sales increased 11% in the Nov. 1 to Dec. 24 period compared to the same time last year, and were up 61.4% from the same time in 2019, according to the latest Mastercard SpendingPulse report.Fintech Aizen Global Co. Ltd. said it is working with BNY Mellon to develop banking-as-a-service for banks and …
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23 December
Colony Bankcorp Launches Merchant-Acquiring Division and other Digital Transactions News briefs from 12/23/21
Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
November, 2021
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23 November
Jack Henry Takes the Early Lead on The Clearing House’s RTP Network
As real-time payments cements itself as a payments fixture, bank processors are enthusiastically signing new clients to provide the speedy payment service. Financial-institution processor Jack Henry & Associates Inc., in particular, has been enrolling merchants at a rapid pace in The Clearing House Payment Co. LLC’s Real Time Payments network. …
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22 November
ParkMobile Expands Google Pay and Maps Integrations and other Digital Transactions News briefs from 11/22/21
Parking-payments app provider ParkMobile LLC announced it has added more than 100 new markets, including cities and universities, through its integration with Google Maps and Google Pay. The two companies announced the integration a year ago.KeyBank National Association said it has acquired XUP Payments, a digital payments platform focused on business-to-business transactions. Terms …
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19 November
Nium Teams Up With Roxe to Enable Real-Time Cross-Border Payments
As part of its efforts to expand real-time payments globally, financial-service technology provider Nium Pte. Ltd., has partnered with Roxe, a global payment network that uses blockchain technology to settle transactions. The partnership will allow Roxe to leverage the reach of Nium’s network to initiate cross-border payouts, including those from …
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17 November
Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network
To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network. Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …
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15 November
ACI’s Network Intelligence Technology Takes Aim at Real-Time Payments Fraud
As criminals increasingly target real-time payments networks with fraud scams, ACI Worldwide Inc. on Monday announced the launch of its proprietary Network Intelligence Technology as part of its ACI Fraud Management platform. The new technology enables banks, processors, acquirers, and networks to augment fraud-prevention strategies by allowing them to share …
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10 November
Restaurant Specialist Presto To Go Public and other Digital Transactions News briefs from 11/10/21
Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …
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8 November
U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21
U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …
