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Billers Turn Their Attention to Improving Payments on Mobile Devices
Creating statements optimized for mobile devices is the biggest area of development for new digital payment options from billers, according to recent research done for payment technology provider ACI Worldwide Inc. The study by London-based technology researcher Ovum in December and January gathered responses from 1,032 executives in 10 countries …
Read More »$650 Billion in Faster-Payments Volume; Currencycloud Eyes U.S.; Eye on Online Payments
As Players Jockey for Position, Faster Payments Will Total $650 Billion This Year
Last year, the Federal Reserve set a goal of having ubiquitous faster payments available in the United States by 2020, and now the first estimates are emerging of just how much dollar volume will flow across systems already in place and in progress. The total will come to $650 billion …
Read More »Zelle’s $75 Billion in Payments; Bitcoin Transaction Fees Ease; U.S. ATM “Jackpotting” Surfaces
Eye on Innovation: Sound Payments; Vantiv’s Smart Pay Play; New Bill-Pay Vistas
A Cincinnati-based startup called LISNR is promoting technology that transmits payment data over sound waves. The technology, which the company demonstrated Tuesday at the Money 20/20 financial-technology conference in Las Vegas, is now open for beta and can be used as an alternative to near-field communication, the company said. It …
Read More »Visa Invests in B2B Payments Provider Billtrust
Visa Inc. reported Tuesday that it has invested in Billtrust and is working with the business-to-business payments provider to streamline the reconciliation of B2B payments and increase the automation of virtual card payments for financial institutions and their corporate customers. The companies did not reveal the size of Visa’s investment, …
Read More »Online and P2P ACH Payments Grow 13% While Same-Day Volume Hits $16.6 Billion
So-called native automated clearing house payments that originate electronically rather than by conversion of a paper check continued their robust growth in the second quarter while same-day ACH transaction volume hit $16.6 billion, reports ACH governing body NACHA—The Electronic Payments Association. In total, the ACH network transferred 5.35 billion payments, …
Read More »Global Payments to Acquire Active Network for $1.2 Billion; Sees Profits Rise Nearly 8%
Global Payments Inc. said Thursday that it has a deal to buy two major divisions of Active Network LLC, a growing event-management software provider and payment processor, for $1.2 billion from a private-equity firm. The merchant acquirer also reported its second-quarter financials, which include a nearly 8% year-over-year increase in …
Read More »Mobile-Wallet Payments Topped 1 Billion by End of 2015, Latest Fed Data Show
Mobile-wallet transactions in the United States grew 333% from 2012 through 2015, albeit on a relatively small base, according to data released Friday by the Federal Reserve. Wallets generated 1.3 billion payments in 2015, the Fed data show, versus 300 million transactions three years earlier. That robust rate of growth …
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