Saturday , October 19, 2024

Search Results for: banking

Vantiv Security Pay Program Update and other Digital Transactions News briefs

• The ATM Industry Association teamed up with media and conference firm Reconnaissance International to organize a series of international events under the “ATM & Cash Innovation” moniker. • Vantiv Integrated Payments, a Vantiv Inc. company, began the next phase of its Security Pays program to encourage business owners to …

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Risky Business

Courting and retaining high-risk merchants can yield high returns. But it’s a lot of work. It’s no simple task, but one that can yield enviable returns. Finding the profit in high-risk merchants requires diligence, a knack for customer service, and a commitment to thoroughness. It also requires deep knowledge of …

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Gravitational Pull

New technologies and market entrants are exerting downward pressure on acceptance costs for mobile payments. But how much longer will these costs matter? Card payments can be exceedingly complex, but in some ways they’re simple. Whip out a functioning credit or debit card to pay in a store and the …

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Banks Likely To Emulate Wells Fargo’s Pioneering Payment-Enabled Mobile Wallet

Wells Fargo Bank N.A.’s announcement Tuesday that it would launch a mobile wallet with payments capability built into the Android version of its banking app could be a win for the bank, and herald similar moves by other banks. That’s the assessment from Daniel Van Dyke, an analyst at Javelin …

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Todd Clark Leaves Star for Co-Op Position and other Digital Transactions News briefs

• Wells Fargo & Co. announced its Wells Fargo Wallet will launch this summer and be incorporated into the banking giant’s mobile-banking app for Android devices, giving customers the ability to make contactless near-field communication payments directly from the app. The app, developed in-house, also will work at Wells Fargo …

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Android Pay Cardless ATM Transactions Coming to BofA; PayPal Sets Big Goals

Cardless ATM technology that enables consumers to make cash withdrawals is now available via Android Pay at select Bank of America Corp. locations, the banking giant announced Wednesday at Google’s annual IO conference. BofA says the service has initially been available at some ATMs in Boston, Charlotte, N.C., New York …

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Plastc Adds NFC Capability and other Digital Transactions News briefs

• Total System Services Inc. (TSYS) said it is integrating a machine-learning engine from Featurespace that will allow the processor to generate real-time decisions on individual consumers. TSYS says the speedier fraud-control processing will help prepare its clients for the arrival of real-time payments. • Plastc Inc., which markets a …

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After Eight Months of Testing, MCX Postpones CurrentC Rollout, Lays off 30 Staffers

After eight months of experimentation in Columbus, Ohio, Merchant Customer Exchange LLC on Monday issued a statement from chief executive Brian Mooney announcing it is putting off a national rollout of its CurrentC mobile-payments service to an unspecified date. Mooney added that the Boston-based company, formed in 2012 by many …

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Payzing Relies on Uphold Accounts to Bring Blockchain Payments to E-Commerce Sites

Payments startup Payzing Inc. is banking that a digital-currency integration with Uphold, a virtual funds and commodity platform, will lead to e-commerce success. San Francisco-based Payzing uses Uphold’s blockchain technology to offer online merchants an alternate payment method to traditional credit and debit cards. Consumers use their Uphold accounts to …

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Green Dot Reports Mixed Results, but CEO Streit Says Prospects Are Improving

With its contested annual shareholder meeting coming up in less than three weeks, embattled Green Dot Corp. chief executive Steve Streit on Wednesday said the prepaid card card and mobile-banking provider and tax-payment processor’s prospects are improving as key measures of customer activity strengthen. Pasadena, Calif.-based Green Dot reported first-quarter …

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Digital Transactions