Real-time payments have proven value for many payment needs. Now, experts are looking at mining the potential for real time at the point of sale. The technology to enable real-time payments at the point of sale is available today. But many questions remain: Are consumers ready? Are merchants ready? Is …
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A New X9 Standard Seeks to Help Firms Fend off Theft of Sensitive Financial Data
As data compromises of various sorts continue to threaten the security of digital payments, the Accredited Standards Committee X9 Inc. this week issued a standard it says covers both data protection and breach notification. The new standard, “Financial and Personal Data Protection and Breach Notification,” also known as X9.141, is …
Read More »Visa And Daimler Plan to Bring Strong Authentication Natively to the Dashboard
Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …
Read More »Billing Meets the Age of the App
Bills and bill payments are going digital much faster now. That’s good for some e-payment providers—but consumers are seeing benefits, too. Even before the pandemic, a foundational shift in bill payments was under way. Now, digital bill payments have even more momentum. The push to digital payments prompted by the …
Read More »Putting Cash in the Past
The demands of modern business have virtually dictated that companies not only should, but must, use digital payments. With the onset of the Covid-19 pandemic, business operations were forced to shift online practically overnight. Work-from-home became the new normal, which created contactless environments for communication and workflows. Payments quickly followed …
Read More »Here Comes Stadium Pay
Sports stadiums are finding the benefits of going cashless—and loving it. Remember when getting a beer and a hot dog in the stands during a sporting event meant passing a $20 bill down the row and having your food, beverage and change passed back? It was part of the game …
Read More »Chase Merchant Services Scores a U.S. Collaboration With Alipay to Process for Alibaba.com
The biggest U.S. processor of card transactions announced on Thursday it has started processing credit card payments in the U.S. for the massive Alibaba.com online marketplace. As part of the arrangement, J.P. Morgan Merchant Services said it is working with the mobile and online payments provider Alipay to manage transactions …
Read More »Fiserv Expands Vending Operations Across Europe in a Deal With Operator Selecta
Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …
Read More »ACI Adds PayPal And Venmo to Its Speedpay Bill Payment App
Responding to consumers’ growing use of digital options for bill payment, ACI Worldwide Inc. announced Monday that it is integrating PayPal and Venmo acceptance into its Speedpay bill-payment service. The Monroe County Water Authority, which provides water to hundreds of thousands of customers over parts of six counties in the …
Read More »How Paysafe Sees Its SafetyPay Deal As a Major Move Into Open Banking
Open banking has been a big trend in payments for some time, and now traditional payment processors are getting in on the action. Paysafe Group Holdings Ltd. early on Monday announced it has agreed to pay $441 million to acquire Miami-based SafetyPay, a 15-year-old provider of digital payments for cash-paying …
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