Friday , November 15, 2024

Search Results for: digital payments

A P2P Payments Adoption Upswell Is Looming in 2017, According to a BofA Survey

Consumers of all ages appear to be embracing person-to-person payments, finds the Bank of America Trends in Consumer Mobility Report released Thursday. The report, which surveyed more than 1,000 U.S. adults who have a banking account and a smart phone, found that 36% of all respondents use a P2P payments …

Read More »

Bambora Makes U.S. Debut and other Digital Transactions News briefs

• Merchant processor Cayan has acquired Dallas-based Card Payment Services LLC, which processes more than $700 million annually for the waste-disposal industry. Terms were not announced. • Beanstream, a Canada-based payments provider that operated in the United States as Beanstream USA, has adopted its parent company’s name—Bambora—and will now will act as the …

Read More »

Carr Takes Heartland Lessons To Heart at Beyond, His Latest Startup in Payments

Having built a successful payments processor and sold it to Global Payments Inc., Bob Carr is ready to build another company, but this time with a purpose beyond simply making money. Carr’s latest endeavor is Beyond, launched May 1, just over a year from the closing of Global Payments’ $4.3 …

Read More »

USA Technologies ePort Growth and other Digital Transactions News briefs

• Visa Inc. said its April 2019 date for compliance with 3-D Secure 2.0, an online-commerce fraud-prevention standard, applies globally. In 2016, Visa had said compliance would start with Europe in April 2018. “We felt it was easier for our various stakeholders to have a single global date, so we aligned Europe accordingly,” …

Read More »

COMMENTARY: ISO 20022: The Foundation for Payments Modernization in Canada

Today, Canadian businesses and financial institutions employ several different standards or “languages” to make and receive payments across systems, financial markets and borders. Payments are also lacking valuable data, such as invoice or remittance information – which is key to automated processing and electronic payments. To mitigate these issues, labor-intensive …

Read More »

Index Notes 1-Second EMV Checkout and other Digital Transactions News briefs

• Visa Inc. announced that its 3-D Secure 2.0 program will begin in April 2019. 3-D Secure 2.0 is a measure managed by EMVCo that shares e-commerce transaction data between merchants and issuers in an effort to thwart fraudulent transactions and approve valid ones. EMVCo released the updated spec in October 2016. • Visa said grocer …

Read More »

Instant Financing Attraction and other Digital Transactions New briefs

• Repeal of the Durbin Amendment took a step closer to reality with the passage of the Financial Choice Act by the House Financial Services Committee by a 34-26 vote. The full House is expected to take up the bill by the end of the month. • MoneyGram International Inc. said …

Read More »

Speedpass+ Adds Ford In-Car Fuel Payments and Apple Watch Compatibility

Paying for fuel at an Exxon Mobil Corp. gas station just got even easier. That is, for those who use the ExxonMobil Speedpass+ mobile app and drive a Ford vehicle with SYNC3 technology or use Apple Inc.’s Apple Watch. Speedpass+, which also is available for Android devices and offers Samsung …

Read More »

Western Union Reports Revenue Bump and other Digital Transactions News briefs

• Apple Inc., in its results for the second quarter ending April 1, said Apple Pay is available now in 15 markets, having launched in Taiwan and Ireland in March. Globally, that includes 20 million contactless-ready locations, of which 4.5 million are in the United States, said chief executive Tim Cook during …

Read More »

The Demanding Consumer: Payments Expectations Rising Fast, Adyen Survey Shows

In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …

Read More »
Digital Transactions