If The Clearing House Payments Co. LLC’s experience with the formation and setup of its Real Time Payments network more than five years ago is any indication, the upcoming FedNow service may want to prepare for a marathon. That’s the advice from Keith Gray, TCH vice president of sales and …

As real-time payments gain more traction in the United States, ACI Worldwide Inc. is making fraud-protection services that cater to these methods available under the Real-Time Payments Cloud moniker. Announced Tuesday and working with Microsoft Corp.’s cloud service Azure, ACI’s Real-Time Payments Cloud supports the Real Time Payments network from …

Faster-payments networks are forming to take advantage of a perceived appetite among consumers and businesses to move money at a quicker pace, but one such service that has been available since 2016 is reporting booming jumps in volume. Nacha, the Herndon, Va.-based organization that manages the nation’s automated clearing house …

Garmin Ltd. launched its latest smart watch, the $450 Instinct 2X Solar, which like most of its devices includes Garmin Pay, the company’s contactless-payment capability. ParkHub, a specialist in digital payments for parking, announced an agreement under which it will process payments at three venues owned by sports and live-entertainment company …

Payment processor Euronet Worldwide Inc. on Wednesday announced a new fraud-monitoring service called Skylight the company says will enable analysts to write rules for monitoring suspicious transactions without needing to change software coding. The cloud-based service comes from Euronet’s epay division and runs on Microsoft Corp.’s Azure and Amazon.com Inc.’s …

POSaBIT Systems Corp. strengthened its position in the cannabis-payments processing market with the $7.5 million acquisition of Scottsdale, Ariz.-based Hypur Inc., a provider of payment and compliance solutions to high-risk merchants, including cannabis dispensaries, CBD retailers, and merchants that accept cryptocurrency. POSaBIT says the acquisition will provide it with a …

Last month, the Consumer Financial Protection Bureau released an “Issue Spotlight” on government benefits that attacked the use of prepaid cards for delivering state benefits. The agency cited what it sees as a lack of choice for consumers, inadequate customer service, and, of course, fees. “In 2020, for example, issuers …

As the modern payments landscape has developed, digital wallets have become nearly impossible to avoid—not that consumers want to stay away. In fact, the recent decision by America’s largest banks to team up and create their own digital wallet points to quite the opposite. It’s easy to see why consumers …

The Federal Reserve’s planned launch in July of its FedNow service is widely expected to spur big growth in real-time payments in the U.S. market. That’s likely to happen, but the overall share of transaction volume for instant payments is expected to remain under 5% for at least the next …

Apple Inc.’s newest financial product, a buy now, pay later service called Apple Pay Later, has finally arrived. Launched Tuesday, Apple Pay Later was announced in June, but only now is it being made available, and just to a limited set of Apple Pay users. Apple says it will offer broader …