Digital Transactions Authoritative, insightful and timely information for payments professionals
• Vantiv Inc. has agreed to provide processing services to McCoy Federal Credit Union in central Florida. Services include ATM, debit, and credit card processing as well as MobiMoney, a feature that lets customers use their mobile device to turn cards on and off and receive alerts.
• The U.S. Supreme Court declined to hear an appeal from the sheriff of Cook County, Ill., whom a lower court ordered to stop threatening payment card networks for processing transactions from Backpage.com, an online classified-ad service that Sheriff Tom Dart said facilitates the sex trade. Backpage sued Dart after the networks cut off his card services.
• Jack Henry & Associates Inc. announced its JHA Payment Solutions unit has integrated with Visa Inc.’s Visa Direct service to allow debit card holders to make instant person-to-person payments.
• LG Electronics said its alliance with payments provider Paymentwall offers a platform on which developers can create apps to enable LG webOS Smart TVs in the U.S. to support a wide array of online-payment options.
• Harley Financial Services, an independent sales organization, launched an integrated acceptance service for merchants on a platform provided by linked2pay. The service includes card, automated clearing house, and remote deposit transactions as well as shopping-cart checkout.
• Small businesses present a ripe opportunity for mobile deposit capture, as the mobile option is more cost-effective for them than desktop check-capture options, according to a small-business survey conducted by researcher Celent and commissioned by Wausau Financial Systems Inc.
• Payment gateway Apriva announced it has been listed as a Trusted Integrator within the National Security Agency’s Commercial Solutions for Classified Program.
• Based on a sample of transactions processed through its gateway, mobile point-of-sale specialist CardFlight Inc. reported 78% of cards now contain EMV chips, up from 46% in October 2015, the date of the merchant liability shift for EMV. The top issuer is American Express Co., with 96% of its cards EMV-equipped. Some 56% of transactions in September were chip-on-chip, meaning chip cards processed at chip-enabled terminals.
• The Western Union Co. launched its mobile-money app in Canada, allowing domestic and cross-border payments there on iOS and Android devices.
• Payment gateway USAePay named Martin Drake president. Drake joined the company is 2009 and most recently was vice president of product development.
