Real-time Payments

March, 2024

• 18 March

  FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

  

  FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …
• 15 March

  COMMENTARY: Real-Time Funding Improves the Digital Wallet Experience. Here’s How

  

  Digital wallets such as PayPal, Venmo, Apple Pay, and Google Pay are ubiquitous components of everyday financial activity for millions of people. With users increasingly using and maintaining cash balances on digital wallets, they are starting to demand 24/7 access to their money. They also expect faster and more visible …
• 15 March

  FedNow User Group Formed and other Digital Transactions News briefs from 3/15/24

  

  The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …
• 13 March

  MEA Picks CPI Push Platform And Other Digital Transactions News briefs from 3/13/24

  

  Payment card technology provider CPI Card Group Inc. said it will provide its push-provisioning platform to customers of MEA Financial Enterprises LLC, a financial-services software provider. The CPI technology will allow cardholders to “push” their card credentials into digital wallets through a mobile-banking app. Canadian payments-technology provider VoPay International Inc. said it will expand …
• 11 March

  Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

  

  Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …
• 8 March

  Zil Money Surpasses $70 Billion in Volume and Other Digital Transactions News briefs from 3/8/24

  

  Zil Money Corp. reported its automated check-payment app, OnlineCheckWriter.com, has passed $70 billion in volume since its inception in 2018. The service relies on various payment methods, including the automated clearing house, real-time payments, and QR codes. The payments platform Nayax Ltd. announced an offering of 3.13 million of its ordinary shares at …
• 4 March

  Galileo’s RTP Addition and other Digital Transactions News briefs from 3/4/24

  

  Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

February, 2024

• 29 February

  Qu Lands GoTo Foods POS Deal And Other Digital Transactions News briefs from 2/29/24

  

  Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations. Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up …
• 28 February

  Zoccam And AppBrilliance Bring Real Time to Real Estate Payments; Orum Launches a FedNow API

  

  AppBrilliance Inc., a provider of real-time payments technology, has partnered with Zoccam, a specialist in payments for the real-estate industry, to enable real-time payments for real-estate transactions. Zoccam will use AppBrilliance’s Money API to enable real-time transfers, such as earnest-money deposits, to be sent through The Clearing House Payment Co. …
• 28 February

  Mastercard’s Issuer Benefits And Other Digital Transactions News briefs from 2/28/24

  

  Mastercard Inc. launched its Open Banking for Account Opening program, aimed at U.S. issuers of consumer and small-business debit cards and issuers of consumer prepaid cards. The program aims to verify account ownership, reduce account abandonment, and cut non-sufficient funds returns. Brivo, a provider of technology for building access, has added …