• Processing giant First Data Corp. and cross-border payments specialist Flywire Corp. announced a collaboration by which Flywire education and health-care clients will be able to more easily accept cross-border card payments and First Data clients will be able to more readily accept high-value international remittances. • Gro Solutions, a vendor of digital solutions …
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Ninth Annual Field Guide to Alternative Payments
The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …
Read More »Ninth Annual Field Guide to Alternative Payments
The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …
Read More »Vantiv Buys Paymetric and other Digital Transactions News briefs
• Processor Total System Services Inc. (TSYS) reported its revenues grew 60.2% year-over-year in the first quarter, to $1.2 billion from $739.4 million. Net income attributable to common shareholders was $105.9 million, up 16.8% from $90.6 million. For 2017, the company is raising its total revenue and net revenue guidance by …
Read More »Tying Digital Identity to the Blockchain and other Digital Transactions News briefs
• Merchant processor Elavon Inc. announced it has added online storefront technology from 3dcart for e-commerce merchants and online-ordering capability for the talech point-of-sale tablet. • Peer Ledger, a Canadian blockchain company, said a study it conducted shows digital identity can be tied to the blockchain, the technology underlying cryptocurrencies such as Bitcoin. …
Read More »Credit Gets the Credit for Visa’s Higher Quarterly Volumes in the U.S.
Boosted by the addition of two big U.S. credit card programs and its June 2016 acquisition of Visa Europe, just about every operational metric that matters increased by 20% or more for Visa Inc. in the quarter ending March 31. The major exception was U.S. debit, which grew in only …
Read More »Nearing the Finish Line
The Fed will soon release its long-awaited report on faster payments. Will it help the U.S. catch up with other countries? They’ve been slow in coming, but faster electronic payments soon will be arriving in the U.S. The upside lies in the phrase “faster payments,” with various proposals calling for …
Read More »Faster Payments: Are We There Yet?
At latest count, there are 21 countries that have faster-payments systems in operation. Some, like Japan’s, have been in place for decades. Others, like Denmark’s, have been running for only a few years. And some nations, like the United Arab Emirates with its move to all-digital payments, are laying the …
Read More »More About Rosen Hotels Breach And Other Digital Transactions News Briefs
A data breach at Rosen Hotels & Resorts last year could cost the company more than $2.4 million in payment card network fines and other expenses, according to Rosen’s insurance company, the Orlando Sentinel reported.
Read More »ACI Adds Bitcoin Support and other Digital Transactions News briefs
• Payments Canada, which owns and operates that nation’s payment clearing and settlement infrastructure, has hired consulting firm Accenture to advise it on a multiyear program called Modernization, which is aimed at creating a faster-payments regime. • Payments-solutions provider ACI Worldwide said its network of more than 130 payment-service providers serving more …
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