Digital Transactions Authoritative, insightful and timely information for payments professionals
With data breaches constantly making headlines, it would be easy to conclude that fighting payments fraud is a battle that can’t be won. But there are encouraging trends, according to Javelin Strategy & Research’s latest annual identity-fraud study. Some 12.7 million Americans fell victim to ID fraud last year, a …
Read More »Search Results for: real-time payments
Merchants Frown on a Fee for Faster ACH
Merchants have spent years battling card-acceptance fees, so they’re turning a jaundiced eye toward a proposal to speed up payments on the nation’s automated clearing house network. That’s because the same-day settlement proposal, floated in December by NACHA, the ACH’s rules-setting organization, contemplates a so-called interbank fee for each zippier …
Read More »With 92% Backing, NACHA’s Same-Day Proposal Will Go to Ballot Within Weeks
A proposal to speed up processing on the automated clearing house network from next-day to same-day settlement will go to a ballot among NACHA voting members as early as next month, according to information posted this week on NACHA’s Web site. NACHA took comments on the proposal from early in …
Read More »An Interbank Fee Is a Fly in the Ointment for Retailers Reacting to Same-Day ACH Idea
Merchants that have spent years battling card-acceptance fees are turning a jaundiced eye toward a proposal to speed up payments on the nation’s automated clearing house network. That’s because the same-day settlement proposal, floated in December by NACHA, the ACH’s rules-setting organization, contains a so-called interbank fee that, for some …
Read More »Flush With Cash
Funding is pouring into payments technology at a furious rate. Now startups and established firms alike are wondering: How long can it last, and what’s the long-term impact? If one thing is certain about the six years or so that have passed since the financial crisis, it’s that nobody can …
Read More »Bitcoin Enjoys Steady Growth, But Experts Ask Where the Case Is for Consumer Use
Since 2012, investors have poured $407 million into Bitcoin startups, with three-quarters of that sum flowing into the cryptocurrency just this year, according to figures compiled by CoinDesk, a Bitcoin newsletter. But now at least one expert is expressing doubts that these investors will see much of a return—if any—on …
Read More »Launched in May, Square Capital Has Advanced $75 Million to 15,000 Square Sellers
Square Inc.’s 6-month-old cash-advance product, Square Capital, has distributed $75 million to some 15,000 small businesses, the San Francisco-based payments company announced via Twitter this week. Further, merchants that have accepted the advances have processed in excess of $1 billion in sales through Square, the company said. It also pointed …
Read More »Doing mPOS Strategically
Payments 3.0 The 30% annual growth of mobile point of sale (mPOS) over the past three years (footnote 1) indicates that a new innovation is being rapidly adopted. The number of different companies providing mPOS devices, currently upwards of 200, is extraordinary even by the norms of the mobile phone-based …
Read More »Here Come the Bitcoin ATMs
Enthusiasts are betting Bitcoin ATMs will be the next step in taking the digital currency from monetary curiosity to mainstream acceptance. Since the first Bitcoins were mined in 2008, evangelists for the fledgling digital currency have dreamed of making Bitcoin as ubiquitous as dollar bills. To say the least, the …
Read More »Endpoint: Leading the Industry to “Faster”
Simply saying that users want faster payments isn’t enough, says Jan Estep, who outlines NACHA’s new proposal for same-day settlement. The phased approach enables functionality to build over time, creating value for participants at each step along the way. Jan Estep is president and chief executive of NACHA—The Electronic Payments …
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