The Faster Payments Task Force issued a final report in July with an eye-popping goal: National, real-time payments by 2020. Here’s a guide to the 16 providers that might just do the job. In July, the Federal Reserve-sponsored Faster Payments Task Force capped off two years of hard work with …
Read More »Search Results for: blockchain
Bitcoin 1, Bitcoin 2 … Bitcoin 3?
In late July, the currency known as Bitcoin split into two competing, incompatible currencies. The rebels who initiated the so-called fork may or may not survive the onslaught of shocked traders, many of whom rely on this currency for ransomware and other illicit payments. Still, even if Bitcoin-2 proves to …
Read More »AmEx Disputes CFPB Opinion and other Digital Transactions News briefs
American Express Co. says it disagrees with an opinion from the Consumer Financial Protection Bureau that differences in card products it offered in Puerto Rico, the U.S. Virgin Islands, and the Pacific Territories from cards it offered in the United States amounted to discrimination. AmEx says it resolved the differences in 2013 after …
Read More »Spectrum Payments in Referral Deal and other Digital Transactions News briefs
Financial-services processor Fiserv Inc. announced it has acquired real-time payments provider Dovetail Group Ltd. Terms were not announced. Payments provider Spectrum Payments said it joined the National Rural Health Association as a pipeline partner, enabling it to offer merchant services to association members. Blockchain technology firm BTCS Inc. said it has signed a non-binding letter of intent …
Read More »Hard Fork Notwithstanding, Bitcoin Shoots Past $4,000 As Expansion Moves Draw Near
Less than two weeks after a hard fork in its code that some observers feared might devalue Bitcoin, the digital currency is riding high. Early Sunday, Bitcoin’s price soared past $4,000 for the first time. The coin traded at $4,106 by late afternoon, up 7% over the previous 24 hours, …
Read More »An ISO’s POS Software Integration and other Digital Transactions News briefs
Factor4 LLC, which offers a white-label gift card and loyalty solution to independent sales organizations and small businesses, has integrated its platform with Click a Waiter Inc., an online-ordering service for restaurants. Payments provider Merchant Consulting Group Inc. announced its payments service will be integrated into Parkloco’s parking-focused software. Processor JetPay Corp. said second-quarter …
Read More »Though Trending Down, Bitcoin Cash Is Already Number 4 Among Cryptocurrencies
Bitcoin Cash, the Bitcoin offshoot that debuted Tuesday, already ranks as the fourth-largest cryptocurrency by market capitalization. But by Thursday morning its value had taken a beating over the previous 24 hours. By mid-morning, Bitcoin Cash, which trades on digital-currency exchanges under the symbol BCH, was priced at just over …
Read More »A Slow-Moving Hard Fork Yields a High-Capacity Cryptocurrency Called Bitcoin Cash
Slowly but surely, a new version of the Bitcoin digital currency was emerging early Tuesday in what appeared to be the start of a hard fork in the Bitcoin code. The fork is expected to yield a parallel blockchain to support the new cryptocurrency, which is known as Bitcoin Cash. …
Read More »As Cross-Border E-Commerce Continues To Grow, Expect Payments To March in Step
Enabling cross-border payments for e-commerce transactions will take on greater importance if forecasts hold true. That means payments companies wanting to serve these merchants will have to adopt services that accommodate international payments. While U.S. and Canadian consumers will spend an estimated $72.7 billion on cross-border e-commerce in 2017, that …
Read More »Bitcoin Cash May Be Coming and other Digital Transactions News briefs
Some 57% of large companies are either seriously studying or in the process of deploying blockchain technology, according to a Juniper Research survey of nearly 400 company executives. Most-often-cited uses include settlement, land registry, and digital fiat currency. The study cautions, though, that some companies may be underestimating both the challenges of …
Read More »