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- Merchant processor and payments-technology provider Cayan has achieved EMV chip card certification with processor Worldpay US, adding to EMV certifications with Chase, Vantiv, First Data, and Elavon. Worldpay’s parent, Worldpay Group plc, will be acquired by Vantiv in a $12 billion deal expected to close early next year.
- Merchant processor Net Element Inc. said its PayOnline unit has started supporting payment acceptance for four instant-messenger apps—Telegram, Viber, Facebook, and VKontakte—through chatbot technology from Botmother.
- With same-day debits due to start Sept. 15 on the automated clearing house network, the New England ACH Association announced a consumer-education campaign called “Check@5” to encourage consumers to check their account balances at the end of each business day.
- Financial-institution processor Jack Henry & Associates Inc. reported net income of $245.8 million for all of fiscal 2017 ended June 30, down 1% from the prior year, on revenues of $1.43 billion, up 6% from $1.35 billion.
- U.S. credit card balances rose 5.5% year-over-year in the second quarter to $784 billion, the Federal Reserve Bank of New York said in its latest report on household debt.
- Slightly more consumers (47%) now prefer to make payments via digital apps as compared to cash (45%), according to U.S. Bank’s latest Cash Behavior Survey.
- MoneyOnMobile Inc., a Dallas-based mobile-payments service operating in India, said it has now achieved five consecutive months of revenue growth. Revenue in July reached $524,000, up 120% from $238,000 in February.
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