When it comes to mobile-payments services like Apple Pay and Samsung Pay, the payments industry appears to be seeing adoption. But it could be years before it sees steady usage. The adoption picture, as defined by cardholders loading a card, is improving for Apple Pay, according to the latest numbers …
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NACHA: Most Top Financial Institutions Are on Track To Offer Same-Day ACH This Year
Automated clearing house governing body NACHA says nearly all of the nation’s biggest financial institutions plan to originate same-day ACH payments this year. The January-February telephone survey of executives at 22 of the nation’s top 25 ACH originators found that 95%, which works out to all but one of the …
Read More »Blackhawk Buys extrameasures and other Digital Transactions News briefs
• Prepaid card services provider Blackhawk Network Holdings Inc. acquired extrameasures LLC, a promotions and incentives firm that offers Visa-branded and private-label rewards and gift cards. The deal follows Blackhawk’s acquisitions of other incentives companies, including Parago, InteliSpend, CardLab, and Incentive Solutions. • Prepaid card provider Green Dot Corp. …
Read More »Look, Ma, No Card! How Cardless ATMs Could Help Push Mobile Wallet Adoption
As more financial institutions offer cardless transactions, will they be a harbinger of broader mobile-wallet adoption? The introduction of cardless ATMs, which rely on a financial institution’s mobile wallet instead of a debit card to make an ATM withdrawal, could help further the adoption of mobile wallets and mobile …
Read More »Omni-Channel, Semi-Integrated, and Unattended Take Center Stage
Some important payments developments are asserting themselves this year. Don’t risk being left behind. The pace of change in the payments industry is normally fast. But the perfect storm of the U.S. EMV migration plus the mobile-wallet revolution has accelerated that pace to blistering. It’s an exciting time, but also …
Read More »Aided by Mobile Tech And Social Media, Digital Payments Are Surging Globally
While the U.S. market wrestles with its nearly 6-month-long transition to EMV chip cards and contactless payments based on near-field communication (NFC) technology, the rest of the world is surging ahead with contactless, online, and mobile transactions, according to the latest report from Juniper Research. Total digital payments worldwide will …
Read More »Venmo Blogs About Security Policies After Keywords Trigger Transaction Delays
PayPal Holdings Inc.’s popular Venmo person-to-person payments service posted a review of the company’s anti-money-laundering and related security policies Sunday in the wake of transaction reviews triggered by certain keywords in Venmo messages that have slowed down the payments process. “There has been recent discussion around specific keywords associated with …
Read More »Pamela Joseph Named TSYS President and other Digital Transactions News briefs
• The nation’s movement toward faster payments took a step forward with Early Warning LLC’s announcement that it is now processing real-time peer-to-peer payments for Bank of America Corp. and U.S. Bancorp. Customers of these banks can send payments via mobile or online banking apps to other customers of either …
Read More »The Fed’s Payment System Improvement Task Forces Give a Progress Report
Some two-and-a-half years after it started, the Federal Reserve’s project to make U.S. payments faster and more secure is laying the groundwork for private industry to come up with something better than the mishmash that U.S. payments are today, but tangible results still could be years away. Fed officials and others …
Read More »MasterCard’s Possible VocaLink Buy Could Shake Up the U.S. Faster-Payments Scene
MasterCard Inc. reportedly wants to acquire VocaLink Ltd., operator of the United Kingdom’s Faster Payments system, for just under £1 billion ($1.4 billion), according to reports in the British media Thursday. Such a deal, if consummated, could shake up the budding faster-payments movement in the U.S., where VocaLink is building …
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