• CORRECTION: The March 30 issue of Digital Transactions News mischaracterized the business in which eProcessing Network LLC engages. It is a payment gateway. DTN regrets the error. • In a victory for Apple Inc. and its Apple Pay mobile-payments service, the Australian Competition and Consumer Commission denied a request from four …

The name might evoke yawns, but the messaging standard known as ISO 20022 will be playing an increasingly important role in electronic payments in the future. The standard goes beyond bare-bones data related to a payment to facilitate the exchange of more information. The Federal Reserve Banks are encouraging more …

The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …

• Private-equity fund Vista Equity Partners said it would buy Canadian payments and financial software provider DH Corp. (D+H) for C$4.8 billion ($3.6 billion) in cash and merge it with one of its portfolio companies, United Kingdom-based Misys, a software provider for retail and corporate banking. • Merchant processor Payment Data Systems Inc. said …

All eyes in the person-to-person payments business may be on Venmo these days, but a few tantalizing numbers released last week by JPMorgan Chase & Co. could indicate that a new, bank-controlled payments service set to launch this year will literally give PayPal Holdings Inc.’s P2P app a run for …

For mobile-wallet providers, card issuers, and merchants trying to attract consumers to their mobile-payment services, the way to build a base of active customers can be summarized in two words: pay up. New findings from Auriemma Consulting Group based on research with 1,505 payment card holders eligible for mobile-payments programs …

• Retailer H&M Group said it will encourage its suppliers to pay their workers via mobile money or other digital funds. The initiative is part of the Better Than Cash Alliance, a United Nations-based federation of governments, companies, and organizations fostering digital payments in lieu of cash. Mastercard Inc. and Visa …

If creating faster-payment systems is like putting pieces of a puzzle together, another piece was added Wednesday when payment technology provider ACI Worldwide Inc. announced that processor Jack Henry & Associates Inc. will use ACI’s UP Immediate Payments service to connect its community-bank and credit-union clients to the new real-time …

• U.K.-based merchant-processing giant Worldpay Group Plc reported its U.S. revenue, which accounts for more than a quarter of its total revenue, increased 15.5% to $299 million in 2016, though the company pointed to weakness in its U.S. business that hurt its overall performance. Average U.S. transaction value declined 2.2% to …

Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …