Real-time Payments

July, 2021

• 27 July

  Fiserv’s Acquiring Unit Rides to New Heights on the Back of Tech Like Clover and Carat

  

  If there are lingering doubts about a big comeback for the big merchant processors, Fiserv Inc. may well have dispelled them early Tuesday with results showing 43% second-quarter growth in revenue year-over-year for the company’s merchant-acceptance unit. That performance comes on top of a near-doubling in payment volume for the …
• 12 July

  ICBA Bancard Adds Real Time Payments and other Digital Transactions News briefs from 7/12/21

  

  ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …

June, 2021

• 29 June

  Small Bank, Big Influence: North American Banking Co. Joins Nacha’s Ranks of Direct Members

  Every so often, evidence emerges that size is not necessarily linked to influence. Nacha, the governing body for the nation’s automated clearing house network, on Tuesday announced that North American Banking Co. has joined the ranks of direct members of the association. Direct members constitute a group of more than …
• 17 June

  DailyPay Teams With TCH And PNC to Enable Businesses to Pay Workers Daily in Real Time

  

  With more and more hourly wage workers needing access to their earnings sooner than the typical two-week pay period, on-demand payment platform DailyPay is betting that offering real-time payments through The Clearing House Payments Co. will enable employers to give workers greater autonomy over managing their finances.  Providing daily access to …
• 15 June

  Looking to Cut Time for Clients, Dwolla Adds More Low-Code Integration Components

  

  Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …
• 11 June

  BofA’s Pay to Card Brings the Bank Into the Fast-Developing Market for Speedy Payouts

  

  Bank of America Corp.’s decision to introduce fast payouts to consumer accounts globally brings a major financial institution into a market that is attracting increasing interest from an array of payments providers. Pressure for such services has grown more intense with the growth of the gig economy and recent needs …
• 8 June

  PayNearMe Adds Walmart as Bill Pay Locations and other Digital Transactions News briefs from 6/8/21

  

  PayNearMe, which enables cash payments as well as card, ACH, Apple Pay, and Google Pay payments, said its customers will be able to complete bill payment transactions at participating Walmart Inc. locations beginning in August. The deal is through a partnership with Green Dot Corp.Member Driven Technologies, a credit union …
• 4 June

  Fintainium and Visa Direct and other Digital Transactions News briefs from 6/4/21

  

  Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
• 3 June

  FICO Attacks Push-Payment Fraud With the Latest Version of Its Falcon Fraud Manager

  

  With the Covid-19 pandemic prompting consumers to adopt online commerce and mobile-banking apps in droves, Fair Isaac Corp. (FICO) is betting the latest release of its FICO Falcon Fraud Manager for Retail Banking will give financial institutions a leg up on detecting push-payment fraud. The fraud occurs when a consumer …
• 1 June

  Deluxe Closes on First American Payment Deal and other Digital Transactions News briefs from 6/1/21

  

  Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …