Sunday , September 29, 2024

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Big Banks’ Interest in Launching Zelle Into Retail Payments Puzzles Some Observers

A serious expansion of the Zelle peer-to-peer payments network or just saber rattling to get a better deal from the card networks? That’s one question raised by payments-industry experts after The Wall Street Journal reported Wednesday that Bank of America Corp. and Wells Fargo & Co.—two of the seven big financial institutions …

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Eye on ISOs: Shift4’s Airport Deal; Payroc Snaps up Iroquois Merchant Services

Ontario International Airport in California is adopting Shift4 Payments Inc.s’ VenueNext mobile point-of-sale technology to allow passengers to order and pay for food and merchandise using their mobile phones. The service includes new self-checkout technology that allows travelers to scan a UPC code, add it to a shopping cart, and …

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Crypto, Gift Cards, And Even BNPL Come to Unattended Payments Via PayRange

Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …

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With Its In-House Move, Apple Once Again Could Shake Up Payments

Almost eight years after it launched the Apple Pay mobile-payment service, Apple Inc.’s purported move to bring some of its payment-processing and financial-services operations in-house once again could shake up the payments industry. Just how, though, is a big unknown at the moment. Cupertino, Calif.-based Apple is not commenting on …

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As Regulators Examine BNPL, A Payments Industry Group Advises Caution

With the Consumer Financial Protection Bureau investigating the impact of buy now, pay later programs on consumers, the Electronic Transactions Association early Friday released a letter it hopes will help clarify the issues and help allay the regulator’s concerns about key issues such as debt accumulation, regulatory arbitrage, and data …

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Mastercard Announces Account-to-Account Payment Tools Based on Open-Banking Assets

Mastercard Inc. early Wednesday said it will launch two new payments tools that rely on the card network’s rapidly growing stake in open banking and account-to-account transactions. The new digital tools, which Mastercard says will not be available until later this year, are expected to address risk and uncertainty in …

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POSaBIT Adds Two More States As the Market for Electronic Cannabis Payments Grows

POSaBIT Systems Corp., a payments provider for the legal cannabis industry, today added Texas and Georgia to its roster of states in which the fintech operates. The expansion provides further confirmation of growing demand for electronic payments in marijuana dispensaries. Kirkland, Wash.-based POSaBIT said in a news release that it …

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A $1-Million Same-Day Cap Takes Effect As the ACH’s Latest Move in the Faster Payments Derby

A new, $1-million limit takes effect on Friday for same-day processing of automated clearing house transactions. The new cap, 10 times higher than the former one, is expected to open the ACH for faster processing of more large-value transfers and is seen as a landmark move toward faster payments as …

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RocketFuel Completes an Integration to Enable Crypto Payments Through ACI’s Platform

RocketFuel Blockchain, Inc., a provider of payment technology for Bitcoin and other cryptocurrencies, has finalized the integration of its payment solution with ACI Worldwide Inc. The integration to ACI’s Secure eCommerce platform will enable ACI’s more than 80,000 merchants to accept cryptocurrency payments with no processing fees. The partnership between …

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Eye On Earned Wage Access: CloudPay Partners With Visa; indi Rolls out Early Pay

CloudPay, a provider of employee payment solutions, is partnering with Visa Inc. to enable payroll to be deposited directly to employee debit or credit cards through Visa Direct, Visa Inc.’s real-time payment network The new service is expected to provide employees immediate access to their funds compared to the two …

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