Digital Transactions Authoritative, insightful and timely information for payments professionals
• U.S. Bank said customers can now make free, real-time person-to-person payments via Early Warning Services LLC’s clearXchange network; the bank charged a $6.95 fee for real-time payments when it went live on clearXchange earlier this year.
• Processor Jack Henry & Associates Inc. announced top-level executive changes with president David Foss also becoming CEO and current chairman and CEO Jack Prim filling the new role of executive chairman. Steve Tomson, most recently director of sales with Jack Henry’s ProfitStars division, was named general manager of sales and marketing for multiple Jack Henry brands.
• User anonymity, a key element of Bitcoin, took a blow Tuesday when the European Commission proposed tightening rules on checking the identities of people trading digital currencies. Stricter rules for prepaid cards were also proposed as part of the Commission’s effort to combat terrorism funding, Reuters reported.
• Cachet Financial Solutions Inc., a vendor of mobile remote-deposit capture technology for financial institutions and merchants, introduced two enhancements. One allows merchants to create custom searchable fields for account numbers and other information merchants want to track. The other allows merchants to resubmit returned checks on their own.
• E-commerce authentication and services provider CardinalCommerce Corp. said it recently added a dozen new patents and now holds a total of 63 patents in the U.S. and other countries.
• Payment card and authentication-solutions provider Entrust Datacard appointed Ray Wizbowski chief marketing officer. A former Gemalto executive, Wizbowski has been with Entrust Datacard since 2013.
• The Merchant Acquirers Committee trade group announced its 2016-17 board of directors, including Georgia Stavrakis of Heartland Payment Systems as president.
• Clearsettle, a London-based provider of payment-gateway capability, agreed to use technology from TreasuryExpress, a U.S-based vendor of treasury-management solutions to automate treasury operations and reach real-time visibility into foreign-exchange rates.
