The Federal Reserve is widely expected to announce Monday whether it will enter the business of real-time payments as an operator competing with existing private-sector players. A so-called public option from the national banking regulator could please retailers and small financial institutions concerned about whether the nascent real-time payments market …
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Citgo Readies EMV at the Pump and other Digital Transactions News briefs from 5/22/19
Gilbarco Veeder-Root said Citgo Petroleum Corp. released its EMV-acceptance Passport software for Citgo retailers to use in the forecourt. With this release, Gilbarco Veeder-Root said more than 70% of its Passport customers have forecourt EMV software available as upgrades. At a payments conference sponsored by The American Bankers Association, the …
Read More »TCH Says Avidia Bank Is Just the First Smaller Bank Lining up For Real-Time Payments
The real-time payments network built by The Clearing House Payments Co. LLC is often viewed as a creature of the big banks, including the ones that own and control TCH, but on Friday it became clear that some of the nation’s smallest financial institutions are ready to sign up for …
Read More »Concessionnaire Chooses Mobile Order App and other Digital Transactions News briefs from 3/28/19
Spectrum Concessions has chosen a mobile-ordering app from Noble Inc. to allow customers at several Spectrum venues to order and pay for food and drinks with a smart phone. The venues include the Hippodrome Theatre in Baltimore, the Long Center in Austin, Texas, and the Hennepin Theatre Trust in Minneapolis. …
Read More »Mastercard To Acquire Ethoca and other Digital Transactions News briefs from 3/12/19
Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …
Read More »AmEx, Knot Test Updater System and other Digital Transactions News briefs from 9/5/24
American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …
Read More »With Paysemble, Opus Looks to Simplify Payment App Integration
Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …
Read More »Paysafe Adds a Pay by Bank Option for Online Bettors
Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …
Read More »A Fast-Expanding Clover Provides a Hot Engine for Growth at Fiserv
Fiserv Inc. has been an acquisitive payments processor in recent years, but it’s a deal the company concluded nearly five years ago that is energizing growth at the company. Fiserv’s $22-billion acquisition of First Data Corp. in the summer of 2019 brought Clover, a set of point-of-sale technologies that today …
Read More »NAB’s Visa Integration and other Digital Transactions News briefs from 4/4/24
Payments provider North American Bancard LLC said it has integrated its merchant processing platform with Visa Inc.’s Visa Acceptance Platform, allowing it to offer merchants access to Visa properties such as Cybersource, a fraud-detection platform. The Clearing House Payments Co. LLC said first-quarter volume on its RTP real-time payments network set a quarterly …
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