Thursday , November 14, 2024

Search Results for: real-time payments

Visa’s Kelly Stresses Stability As He Prepares to Hand Off The Reins of Leadership

Following years of pandemic restrictions that all card companies had to contend with, Visa Inc.’s top executives late Thursday highlighted stable transaction and processing volumes and growing cross-border travel as the United States and other global regions continued to recover. The event also featured an appearance by Visa president Ryan …

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Bluefin Partners With Visa to Offer Network Tokenization

Bluefin Payment Systems LLC is leveraging Visa Inc.’s technology to provide network tokenization through its ShieldConex vaultless-tokenization service. Bluefin will integrate directly with Visa to provide network tokens across card brands. In addition, Bluefin’s payment gateway, PayConex, will have the ability to process network tokens. ShieldConex protects payment and ACH …

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Eye on Acquiring: FreedomPay Marks Moneris Integration; MagTek Readers Are Top Picks

FreedomPay Inc. said its payments services will soon be available to Canadian merchants serviced by Moneris Solutions Corp. Moneris expects the FreedomPay integration to be available mid-year. Toronto-based Moneris, one of the largest processors in Canada based on transaction volume, says the integration will give merchants more tools and choices. …

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Working With Toast, SoundHound Enables Voice Ordering Over the Phone for Restaurants

Toast Inc. has partnered with SoundHound AI Inc. to add voice ordering over the phone to its point-of-sale system. The addition of SoundHound’s voice-ordering software will enable restaurants using Toast’s POS system to accept voice orders over the phone and transmit the order directly to Toast’s platform. This integration, which …

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Meeting the SWIFT Challenge

Financial institutions that use the messaging network face a deadline for conversion to a new standard. Here’s one way to do that efficiently. SWIFT is used by banks around the world to securely send messages about money-transfer instructions. In fact, around $5 trillion a day passes through SWIFT’s messaging system. …

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AmEx Business Link Debuts And Other Digital Transactions News briefs from 12/1/22

American Express Co. announced AmEx Business Link, a business-to-business payments ecosystem for network issuing and acquiring clients to offer their business customers. Payments provider Newtek Business Services said it has received conditional approval from the Office of the Comptroller of the Currency to close on its acquisition of the National Bank of New …

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In the Clouds

The payments industry has forged a symbiotic relationship with cloud computing. That isn’t likely to be swept away any time soon. More than two years ago, Global Payments Inc. took a big leap into marrying cloud computing with payments. The big payment processor signed an agreement with Amazon.com Inc. to …

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LaGuardia Restaurants Add Contactless And Other Digital Transactions News briefs from 11/29/22

OTG Management, which manages airport restaurants, said it is supporting contactless payments and an expansion of Apple Pay and Google Pay acceptance, along with PayPal and Venmo, at two newly opened restaurants at LaGuardia airport. BigCommerce said merchants using its e-commerce sales had a 31% increase year-over-year in gross merchandise value …

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Eye on Crypto: WooCommerce Partners With DePay; Airswift Launches a Payment Gateway

E-commerce platform provider WooCommerce is partnering with DePay, a decentralized-payment processor, to enable its sellers to accept cryptocurrency directly to a crypto wallet for immediate settlement. Intermediaries that credit the merchant’s account after processing a crypto transaction would be eliminated. DePay supports tens of thousands of cryptocurrency tokens and their …

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Consumer Spending Moderates in October And Other Digital Transactions News briefs from 11/10/22

Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …

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Digital Transactions