Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …
Read More »Search Results for: real-time payments
Flexa Components Debuts and other Digital Transactions News briefs from 8/16/24
Flexa, a digital-currency platform, has launched Flexa Components, a program aimed at easing wallet-based point-of-sale payments with cryptocurrencies. In related news, gift card platform Raise said it will accept cryptocurrency in its Raise App, used by 6 million consumers, according to the company. Payments-technology provider Sionic has launched a fraud-detection and mitigation service aimed …
Read More »Lightspeed’s New Data Tool and other Digital Transactions News briefs from 8/14/24
Lightspeed Commerce, a specialist in hospitality payments, launched Retail Insights, a data service for merchants. Shift4 Payments Inc. announced it will process all ticket sales and foodservice payments at Gainbridge Fieldhouse in Indianapolis, the arena for the Indiana Pacers of the National Basketball Association. U.S.-based fintech software firm OMNIQ Corp. said …
Read More »EasyPark’s Vancouver Parking Plans and other Digital Transactions News briefs from 8/12/24
Sweden-based EasyPark Group, a provider of mobile apps for parking payments, is working with parking-technology firms ZipBy and Fennix to enable parking and gate-entry at parking lots throughout Vancouver, British Columbia. EasyPark expanded into North America in 2021 with its acquisition of Park Now Group, which included ParkMobile LLC. EasyPark acquired Park …
Read More »Real Time for Wallets and other Digital Transactions News briefs from 7/29/24
AppBrilliance said it is extending real-time payments to funding of closed-loop digital wallets via a recent rule change by The Clearing House Payments Co. The move will allow providers such as Starbucks, Dunkin’, and Chick-fil-A to use real-time rails for their proprietary wallets, the company says. ZeroTier, which provides connectivity between …
Read More »Composable commerce for ISVs: Creating the blueprint for strategic growth
Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As consumer demand for a frictionless payment experience increases, ISVs that embed additional financial services into their offerings stand to win more market share in a progressively competitive software ecosystem. How ISVs decide to …
Read More »Fiserv Racks up Growth Via Strength in Merchant Services
Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
Read More »FedNow Financial Institutions Now Total More Than 900
Of the now 900 financial institutions on the FedNow real-time payments network, 78% of them are community banks and credit unions, the Federal Reserve says. The 900 figure, found in updated data released on the FedNow Web site, comes as the instant payment service marks its first year of service. …
Read More »Payzli Joins Visa Acceptance Platform and other Digital Transactions News briefs from 7/10/24
Payments provider Payzli said it now offers services from the Visa Acceptance Platform, including Tap to Phone and contactless payments. Swipesum, a merchant-services company, and Visa Inc.’s Authorize.net unit said they will support payments for 4aGoodCause, an online donation service. Relay Payments Inc. said 22 Onvo travel plazas will use its payments services that …
Read More »FedNow at Year One
As the Federal Reserve’s real-time payments network celebrates its first birthday, the payments industry takes stock of its impact on instant transfers. Launched with great fanfare in July 2023, the widely and long-anticipated FedNow has largely enjoyed a successful first year. One area where the network has excelled is in …
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