The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …

Intuit Inc. said its Intuit ProConnect unit has partnered with Practice Ignition, a service provider to accounting firms, to provide payments and other services to tax-preparation professionals. Intuit in February sued Visa Inc. and Mastercard Inc., alleging the networks’ interchange pricing models constitute unlawful price fixing.Payments provider i3 Verticals Inc. said it has acquired two …

It’s time to replace interchange with a model that fairly represents the value each party receives. Fintechs have shown us the way to create exciting new forms of financial services. But we are merely scratching the surface of what the age of intelligent systems can do for the payments industry. …

Despite scattered successes, too many pitfalls dot the road to widespread merchant acceptance. Bitcoin and other cryptocurrencies captured the public imagination over the past year, as Bitcoin shattered record after record, PayPal and Square Cash announced they would allow customers to buy cryptocurrency, and major financial institutions such as Bank …

The drive to build merchant acceptance of cryptocurrency continues to gain momentum with RocketFuel Blockchain Inc.’s announcement on Wednesday that it is rolling out a one-click, blockchain-based payments solution for e-commerce transactions. RocketFuel’s service supports payments or direct bank transfers in 43 cryptocurrencies. The first two merchants to adopt the …

The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …

Visa Inc. reported early Monday that after a year of preparation it has completed the first transaction involving direct settlement with a so-called stablecoin, USD Coin. The transaction, which involves a stablecoin that mirrors the U.S. dollar, allowed Crypto.com, a platform for the trading of digital currencies, to send transactions …

Amadis, Advanced Mobile Payment Inc., and Texas Engineering Consulting Systems and Services said they launched the jointly-developed EMVMadeEZ, a pre-certified EMV migration product for automated fuel dispensers. The product enables convenience store operators, small chains, and single gas station owners with an EMV-at-the-pump service.Payments-technology provider AEVI International GmbH said it is …

Veteran payments practitioners will recall that, “in the beginning,” issuers paid interchange to merchants to incent them to accept credit card payments from the incipient Visa and Mastercard networks.  By the inception of electronic draft capture (circa 1980), that acceptance was growing to a critical-mass level nationwide, and by the late …

Launched in 1989, Digicash introduced the first cryptocurrency. In the 1990s, it was considered leading-edge payments technology. But physical and digital currencies are payment networks. In payment systems, good technology is neither sufficient nor generally the biggest hurdle. No matter how good the technology, without critical mass they’re worth little.  …