The bill may look sensible on the surface. But it’s a mistake to try conjuring up competition by diktat. Since his unsuccessful efforts in 2008 and 2009 to impose price controls on merchants’ card-acceptance costs, longtime payments-industry nemesis Sen. Ricard Durbin, D-Ill., has been on a crusade to gut the …
Read More »Search Results for: real-time payments
Affinity Plus Adds FedNow and RTP and other Digital Transactions News briefs from 8/23/24
Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …
Read More »Priority’s Volume up 4.5% and other Digital Transactions News briefs from 8/8/24
Priority Technology Holdings Inc., a payments provider, reported $15.8 billion in June-quarter bankcard processing volume, up 4.5% year-over-year. For the first half of the year, volume came to $30.6 billion, up less than 1%. Revenue for the company totaled $219.9 million for the quarter, up 21%. For the first half, …
Read More »Greenlight And Google Team Up on a Spending App for Kids
Greenlight Financial Technology Inc. has partnered with Google Wallet to enable its debit card to be loaded into the Google Fitbit Ace LTE smart watch. The partnership is expected to help parents teach their children how to manage their spending and finances through Greenlight’s banking app, the company says. The …
Read More »Chase Expands Its Partnership With DoorDash to Include Non-Restaurant Merchants
Chase, the banking arm of JPMorgan Chase & Co., has expanded its relationship with third-party delivery service DoorDash Inc. to non-restaurant merchants. The deal will enable Chase Sapphire and other eligible Chase cardholders to receive recurring benefits on orders from more than 150,000 grocery, convenience, and non-restaurant stores in the …
Read More »Payment Facilitation: Elevating Your Payment Solutions
Payment Facilitation: Elevating Your Payment Solutions In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …
Read More »Tap-to-Pay And Value-Added Services Help Fuel Visa As It Pursues a New Interchange Settlement
Growth in contactless and peer-to-peer payments, e-commerce, and value-added services were among the highlights discussed with stock analysts late Tuesday during Visa Inc.’s third-quarter earnings call for the card company’s fiscal year 2024. Visa’s Tap-to-Pay contactless payments technology has penetrated multiple markets, accounting for 80% of all face-to-face Visa transactions …
Read More »Why Dynamic Routing Has Become Essential for Online Retailing
Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …
Read More »CC’s Coffee House Debuts an App Developed by Paytronix
With more than 40 locations across Louisiana, Mississippi, and Texas, CC’s Coffee House looked to provide its customers with what it saw as a more personalized ordering and loyalty service. It enlisted Paytronix Systems Inc. to support the launch of the CC’s Coffee House app, which incorporates ordering, loyalty, and …
Read More »Traditional Merchant Services vs. Payment Facilitation
Traditional Merchant Services vs. Payment Facilitation In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …
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