The Clearing House Payments Co. LLC announced three processors—Fiserv Inc., FIS Inc., and Jack Henry & Associates—will offer its real-time payment service to minority-owned depository institutions. The processors and TCH will jointly cover the onboarding fees for these financial institutions connecting to TCH’s RTP network.Datacap Systems Inc. said it will offer the digital …
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Redefining the “I” in ISO as Integration
Payment integrations are helping ISOs maximize revenue and enhance the customer experience By: Oscar Lopez, Director of Sales, Strategic Partnerships, First American Payment Systems Independent Sales Organizations are focusing more and more on payments integration, and for good reason. Accelerated by the pandemic and consumer demand, card not present payments …
Read More »FIS RealNet Debuts and other Digital Transactions News briefs from 4/28/21
FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …
Read More »Fiserv Announces a Strong First Quarter As It Teams With PayPal on QR Codes
Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …
Read More »Worldline Revenue Drops and other Digital Transactions News briefs from 4/21/21
French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …
Read More »Nacha Records Booming Same-Day Results As the ACH Confronts Pandemic Concerns
Faster-payment volume soared 88% on the nation’s automated clearing house network in the year’s first quarter compared to the same period in 2020, Nacha reported Thursday. Transactions processed the same day they were initiated totaled 141.1 million, compared to 75 million in last year’s March quarter, the last period before …
Read More »POS Software Provider ParTech Lands Culver’s And Its Nearly 800 Locations
ParTech Inc., a point-of-sale software provider to the restaurant industry, announced Wednesday that it will provide Culver’s restaurants with its Brink POS software across the company’s more than 790 locations. As part of the deal, Culver’s worked with long-time partner Retail Data Systems of Wisconsin, a provider of POS services, …
Read More »Loop’s Vend Integration and other Digital Transactions News briefs from 4/7/21
Contactless-technology provider Loop Insights Inc. announced it has integrated its service with an application programming interface for billing from point-of-sale technology provider Vend Ltd. The integration enables onboarding of Vend merchants to Loop’s compliance and reporting platform. Processor Lightspeed POS Inc. last month agreed to acquire Vend in a deal valued at $350 million. …
Read More »A New Model for Value Exchange
It’s time to replace interchange with a model that fairly represents the value each party receives. Fintechs have shown us the way to create exciting new forms of financial services. But we are merely scratching the surface of what the age of intelligent systems can do for the payments industry. …
Read More »Visa Moves ‘Beyond the Card’ With an Expansion of Visa Direct to Bank Accounts
As payments providers ramp up fast-payment capabilities that don’t depend on existing card-payment rails, pressure has mounted on the dominant U.S. card networks to enable quick transfers from senders to accounts held by receivers worldwide. Visa Inc. on Tuesday, for example, announced Visa Direct Payouts, which allows users to send …
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