The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …
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As part of its strategy to enable faster electronic payments, Dwolla Inc. on Tuesday released an application programming interface to enable real-time payments through The Clearing House Payments Co.’s RTP network. Fort Lee, New Jersey-based Cross River Bank Inc. will provide the processing link to the RTP network. Development of …
Read More »Nacha on Monday announced it will raise its dollar limit on same-day transactions 10-fold to $1 million starting next March. The move, which will come only two years after the governing body for the automated clearing house network raised the cap to $100,000 from the original $25,000 limit, comes as …
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With its acquisition of Axia Technologies Inc., also known as AxiaMed, Bank of America Corp. took a big step toward rebuilding its merchant-acquiring business. AxiaMed provides financial services and payments technology to health-care providers. Terms of the deal were not disclosed. The acquisition, announced Friday, gives Bank of America a …
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Buy now, pay later provider Afterpay Ltd. reported its bi-annual Afterpay Day sale, the first to include brick-and-mortar merchants, generated a 35% increase in new active users and sent 6 million referrals to merchants around the world from the company’s Shop Directory. Eighty-six percent of the transactions made that day, …
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OLB Group is the latest processor to support Quick Response codes as merchants look for ways to adopt contactless-payment options in the wake of the ongoing Covid-19 pandemic. OLB will support dynamic QR codes, which are generated in real time for each transaction, on its cloud-based OmniSoft business-management platform and …
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App-based technology for point-of-sale transactions has been a preserve of POS system providers like Square and Clover, but now smaller independent sales organizations are looking for a piece of that growing pie. Early Thursday, VizyPay LLC announced VizyPOS, an app that can control such functions as cash discounting and real-time …
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Paysafe Group Holdings Ltd. has launched Neteller Knect, a loyalty program for users of its Neteller digital wallet. The program is active in more than 100 countries. Paysafe earlier this week went public via its merger with Foley Trasimene Acquisition Corp. II.Sightline Payments, a startup specializing in payments for the gaming, lottery, and …
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The drive to build merchant acceptance of cryptocurrency continues to gain momentum with RocketFuel Blockchain Inc.’s announcement on Wednesday that it is rolling out a one-click, blockchain-based payments solution for e-commerce transactions. RocketFuel’s service supports payments or direct bank transfers in 43 cryptocurrencies. The first two merchants to adopt the …
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The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …
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