The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …

The Clearing House Payments Co. LLC announced three processors—Fiserv Inc., FIS Inc., and Jack Henry & Associates—will offer its real-time payment service to minority-owned depository institutions. The processors and TCH will jointly cover the onboarding fees for these financial institutions connecting to TCH’s RTP network.Datacap Systems Inc. said it will offer the digital …

Merchants have complained for years that they pay too much for debit card acceptance. Late last week, they took their beef to the federal courts with a lawsuit alleging a ceiling set on debit card fees a decade ago by the Federal Reserve is too high and seeking to have …

Most merchants can’t afford Amazon Go technology. But that doesn’t mean it’s out of reach. It’s the end of a long day at the office, and you swing into a pharmacy on the way home to pick up toothpaste. You’re not out yet, just running low and being proactive. You …

Phishing attacks are nothing new, but their frequency has been on the rise the past year for one simple reason: they work. How can they be defeated? There are numerous ways criminals can breach a company’s network. Yet one of the most time-tested and popular forms of attack remains phishing. …

Seven and one-half billion dollars in ransomware payments per year is the U.S. cost for upholding the tantalizing idea of Bitcoin, and that is but a fraction of the multifaceted criminal activity that owes its surge to a coin that builds trust on ignorance and awe. Pillars of the U.S. …

Nacha last month announced it will raise its dollar limit on same-day transactions 10-fold to $1 million, starting in March 2022. The move, which will come only two years after the governing body for the automated clearing house network raised the cap to $100,000 from the original $25,000 limit, comes …

The craze for point-of-sale installment lending—a trend popularly known as buy now, pay later—has enjoyed a honeymoon among merchants and consumers alike. The option, which lets consumers receive the goods in their cart but pay for them later over a few interest-free installments, came along just as pandemic fears threatened …

You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …

To help large businesses reduce payment transaction costs and provide another option for how they receive payments, Square Inc. on Wednesday announced it will accept automated clearing house payments on Square Invoices.  The addition of ACH payments could also enable Square to attract large, complex businesses—such as wholesalers, home-repair specialists, …