January 29, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Electronic Bill Payment, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Javier Perez, formerly president of Mastercard Europe, has launched Global PayTech Ventures, said to be the first venture-capital firm concentrating exclusively on payment technology.Springbrook Software, developer of systems supporting payments for local governments, released its Municipal Payments Collection portal, which supports payments for miscellaneous town fees. The portal is available via …
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January 1, 2021
New national systems, the card networks, and blockchain operations are all piling into real-time payments. What’s going on, and why? If the travails of 2020 had any advantages, they lay in how the struggle with the pandemic offered opportunities to demonstrate the vital utility of technologies like contactless payments and …
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December 29, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Real-time Payments, Transaction Processing
Nacha, the automated clearing house rules maker, and its Payments Innovation Alliance, a group of corporations, third-party processors, fintechs, and financial institutions, expanded the ACH Quick Start Tool, which helps smaller businesses learn about the ACH.Also, Nacha launched the Faster Payments Project Team to help organizations learn about faster payments and its capabilities.Starting Jan. …
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December 24, 2020
Acquiring, Competitive Strategies, Digital Currency, Electronic Bill Payment, Issuing/Originating, Law and Regulation, Marketing, Person-to-Person Payments, Point-of-sale, Transaction Processing
MoneyGram International Inc. said it is will “continue to monitor for any potential impact” from a recent lawsuit against cryptocurrency payments firm Ripple Labs and two top executives by the U.S. Securities and Exchange Commission. MoneyGram has used Ripple’s foreign exchange blockchain since June 2019 to trade in four currencies, though the company …
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December 2, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Sysnet Global Solutions said it acquired the Managed Complication Solutions division of ControlScan Inc. With the acquisition, Sysnet said almost 4 million small and mid-size businesses and payment processing companies use its services. Terms were not disclosed.Fido Merchant Services, a United Kingdom-based payment gateway and merchant services provider, is embarking on …
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November 19, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payroc World Access LLC announced the acquisition of Bluestone Payments LLC, an independent sales organization founded by Linda Rossetti. Rossetti will remain Bluestone president and take on the executive vice president, strategic initiatives, role at Payroc. Terms were not disclosed.Payments processor Nuvei Corp. said its Nuvei Technologies Inc. unit has been approved by …
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November 13, 2020
Competitive Strategies, Digital Currency, Fraud & Security, Issuing/Originating, Mobile Wallets, Pricing, Transaction Processing
As firms look for ways to speed up and secure simultaneous payments to multiple workers or contractors, cryptocurrency has entered the picture. BitPay Inc., an Atlanta-based processor that offers crypto e-wallets, on Thursday said it has added a mass-payout service that will let companies pay gig workers, contractors, and other …
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November 9, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Professional Datasolutions Inc., which acquired private-label debit provider ZipLine in June, said it is working with NCR Corp. on a touch-free mobile payment service for the convenience-store industry.Payment card use among travel companies remained substantially down year-over-year, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the …
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November 2, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …
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October 14, 2020
Competitive Strategies, Digital Currency, Marketing, Mobile Commerce, Person-to-Person Payments, Transaction Processing
The Western Union Co. has extended an agreement with grocer The Kroger Co. to offer Western Union payment services at Kroger stores.Parking-app provider ParkMobile LLC announced an agreement with Diamond Parking to expand usage of the app to some 2,000 parking spots in more than 40 locations in San Diego. The app claims nearly 100,000 …
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