Friday , October 18, 2024

Search Results for: banking

Real-Time Payments: New Possibilities, Competitive Issues

Unless there is a potential fraud issue or customer dispute, very few of the trillions of transactions that cross U.S. electronic payment networks annually attract any attention. But the first transaction last month on The Clearing House’s new real-time payments system was so different that BNY Mellon, the bank originator, …

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Ensenta Acquisition Will Make Jack Henry a Major Player in Remote Deposit Capture

Processor Jack Henry & Associates Inc. announced late Tuesday that it has a deal to acquire Ensenta Corp., a Redwood Shores, Calif.-based provider of remote deposit capture and payment and risk-control services. Founded in 2001, Ensenta provides more than 1,100 financial institutions and government agencies with software-as-a-service products distributed via …

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A Bullish Market Pushes Bitcoin Past $9,000 As a P2P App for the Digital Currency Emerges

So far, nobody is making any money betting on Bitcoin to crash. The digital currency on Sunday soared past the $9,000 mark just five days after hitting $8,000 for the first time, and the $10,000 level could be in sight as early as later Monday, according to Coindesk, an online …

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iPayment Buys Leaders Merchant Services and other Digital Transactions News briefs from 11/22/17

Merchant processor iPayment Inc. has agreed to acquire Leaders Merchant Services, an independent sales organization that has worked with iPayment since 2004. Terms were not disclosed. Electronics maker SparkFun Electronics developed an app for Android devices that can detect the likely presence of a credit card skimmer commonly found on …

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AmEx Teams Up With Ripple for Blockchain-Based International B2B Payments

In the latest example of the growing market for cross-border payments using blockchain technology, American Express Co. announced Thursday that business customers of its FX International Payments (FXIP) service can now use Ripple Labs Inc.’s blockchain-based RippleNet network for payments between the United States and the United Kingdom. The two …

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Real-Time Payments Create New Possibilities—And Competitive Issues

Unless there is a potential fraud issue or customer dispute, very few of the trillions of transactions that cross U.S. electronic payment networks annually attract any attention. But the first transaction on The Clearing House’s new real-time payments system was so different that BNY Mellon, the bank originator, invoked the …

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Digital-Coupon Redemptions Will Top $91 Billion in Five Years, Says Juniper

Chatbots, quick-response codes, and so-called invisible payments will spur digital-coupon redemption volume to $91 billion worldwide by 2022, forecasts Juniper Research Ltd. These three technologies will propel redemption as consumers increasingly become accustomed to them, says the United Kingdom-based research firm. For example, chatbots, a form of machine learning that …

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ShopKeep’s Yext Integration and other Digital Transactions News briefs from 11/14/17

ShopKeep, a provider of tablet-based point-of-sale equipment and services, announced an integration with online-information management service Yext Inc. The integration will allow ShopKeep clients to check and modify information about their businesses across platforms like Google, Apple, Facebook, Bing, and Yahoo. Point-of-sale terminal maker Ingenico Group released the Moby/8500 mobile …

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Visa And Mastercard Grow In Europe As Issuers Drop Electron and Maestro Brands

As in the United States, Visa Inc. and Mastercard Inc. dominate card payments in Europe, but now the two U.S.-based card brands are growing on that continent partly at the expense of smaller brands they own. European issuers are systematically switching Visa Electron and Mastercard Maestro cards to simply Visa …

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CPI Notes Slow EMV Card Demand and other Digital Transactions News briefs from 11/9/17

Backers of the so-called SegWit2x proposal to double block size for Bitcoin suspended the effort on Wednesday, citing a lack of “consensus for a clean blocksize upgrade.” The move, which would have occurred around Nov. 16, was an effort to increase transaction capacity for Bitcoin and relieve upward pressure on …

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