Processor Net Element Inc. said its first-half payment volume rose 37% year over year to $1.62 billion. Most of the volume came from the company’s North American subsidiary, Unified Payments, which handled $1.4 billion in payments, up 40%. Handpoint, a mobile point-of-sale payments provider, announced an integration with RxTrax, a …
Read More »Search Results for: cross border
The Fed Seeks Comments on Adopting the ISO 20022 Messaging Format for the Fedwire
The Federal Reserve Board said Thursday that it is seeking comments about its proposal to adopt the ISO 20022 messaging format for the Fedwire Funds Service. If approved, the format would replace the Fedwire’s current, proprietary messaging system. ISO 20022 enables payment providers to add more detailed instructions and other …
Read More »Square Withdraws Bank Charter App and other Digital Transactions News briefs from 7/6/18
Square Inc. has withdrawn a banking-charter application it made in September with the Federal Deposit Insurance Corp., saying it will re-file the application later after reviewing and strengthening it. A related application with the Utah Department of Financial Institutions remains active. Both applications are for an industrial-loan corporation, which is …
Read More »Mobile POS Devices To Reach 27 million by 2021 and other Digital Transactions News briefs from 7/2/18
Mobile-commerce technology provider Shopgate Inc. said it has joined the Shopfiy Plus Technology Partner Program, which will allow Shopify Plus merchants to access Shopgate’s mobile-app platform. The installed base of mobile point-of-sale devices in the United States will grow to 27.7 million by 2021, compared to 3.2 million in 2014, …
Read More »NCR Opts for Bluefin Tech and other Digital Transactions News briefs from 6/29/18
Payments-technology provider Bluefin Payment Systems said NCR Corp. is using Bluefin’s point-to-point encryption service at merchants deploying NCR’s Counterpoint Retail Solution to process payments through NCR Secure Pay. Payments provider Merchant Consulting Group, which was founded in 2005, changed its name to Paystri. Credit-union processor PSCU said its new Lumin …
Read More »Details on Visa Europe Outage and other Digital Transactions News briefs from 6/20/18
Merchant processor Paysafe North America said that by mid-July it will start offering same-day settlement to small U.S. merchants. The service will be offered in collaboration with Company.com, a services platform for small businesses, and Ingo Money, a push-payments provider. Visa Inc.’s 10-hour service interruption in Europe on June 1 …
Read More »JetPay Notes Software Integration and other Digital Transactions News briefs from 6/5/18
JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions. In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. …
Read More »Electronic Payments Notes Milestone and other Digital Transactions News briefs from 6/14/18
A survey from The Fraud Practice LLC, commissioned by Kount Inc., found that Apple Pay acceptance among a group of almost 600 merchants decreased to 35% from 48% a year earlier. Google Pay acceptance dropped from 38% to 25%. Support for near-field communication, the wireless technology that enables Apple Pay and …
Read More »Vinyl Lovers Find An Easier Payments Experience With Discogs Payments
Discogs, a Web site and app that’s on a mission to build a comprehensive music database and marketplace, launched Discogs Payments this week for its U.S. online buyers and sellers of vinyl records and CDs. The integrated checkout, backed by Adyen, a Netherlands-based processor, is in addition to a system …
Read More »Coinstar Adds Amazon.com Option and other Digital Transactions News briefs from 5/17/18
Retail ATM network owner and operator Cardtronics plc said Fifth Third Bank will place its brand on more than 800 Cardtronics ATMs at Speedway LLC convenience stores in Ohio, Indiana, and Kentucky. In related news, Indiana-based German American Bank said it has joined Cardtronics plc’s Allpoint network, giving its customers access …
Read More »