The boom in iGaming—online poker and casino games—and sports betting is generating big potential for payments companies. Can they cash in? Payments companies looking for new markets might wager on the online sports betting and casino games market. It could reap big dividends, especially as more states allow these forms …
Read More »Search Results for: bill payment
How the ACH May Have Been the Winner of the Pandemic Payments Sweepstakes
The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …
Read More »Community Banks Launch Chuck, Their Own Peer-to-Peer Payments Network
A new competitor in the peer-to-peer payments landscape emerged Wednesday with the introduction of CHUCK, an open-loop P2P network founded by 10 community banks. The new network uses technology from digital payments platform provider Payrailz that enables customers of any of the member banks to send money to a debit card …
Read More »16% Have Made a Crypto Payment and other Digital Transactions News briefs from 12/15/21
New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …
Read More »Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments
Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
Read More »Tassat Scores Western Alliance Bank for Its Bank-Based Blockchain-Payment Technology
Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …
Read More »U.S. Households Spend $380 Billion on Utility Bills, doxo Says and other Digital Transactions News briefs from 11/19/21
A survey from bill-payment provider doxo Inc. indicates U.S. households spend $380 billion annually on utility bills, with utility costs across the doxo platform up 4% in October compared to the same month last year.Mobile parking-payments app provider PayByPhone Technologies Inc. launched PayByPhone Business, an app for fleet-parking management.Robert Blair is joining payments platform Fintainium as president. …
Read More »Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network
To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network. Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …
Read More »Look for a Fast Expansion of In-Car Payments Over the Next Five Years, Juniper Says
One of the most prominent examples of the so-called Internet of Things is the ability to make payments from the dashboard of a car, no mobile device needed. And now a forecast has arrived indicating the number of such transactions worldwide will balloon from 87 million this year to 4.7 …
Read More »U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21
U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …
Read More »