Digital Transactions Authoritative, insightful and timely information for payments professionals
• Noting that U.S. businesses send consumers write 3 billion paper checks annually, Wells Fargo & Co. said it will allow companies to send consumer payments electronically through a new service called Payment Manager B2P, expected to roll out early next year. The service will work with the clearXchange peer-to-peer transfer network.
• Ireland-based Alpha Payments Cloud received an undisclosed investment from Wells Fargo through its Startup Accelerator program.
• Electronic check processor CheckAlt purchased Klik Technologies Corp., which provides receivables services to financial institutions and other organizations, for an undisclosed amount. The combined company retains the CheckAlt name.
• Merchant processor Cayan has appointed Rachel Trueblood senior vice president of marketing. Trueblood comes to the company from office-supply chain Staples Inc.
• Real-time payments processor Wildcard Payments has changed its name to Push Pay Inc. to better underscore what it says is its three-second transaction speed.
• Gateway and tokenization provider Shift4 Corp. says it now offers 57 device and processor combinations for software developers wanting to integrate EMV acceptance into their point-of-sale software.
• The Canadian Payments Association, which owns and operates the country’s payment clearing and settlement infrastructure, changed its name to Payments Canada.
• Testing and certification lab UL says its EMV Personalization Validation Tool is qualified for MasterCard’s CPV 9.2 card personalization validation process.
• Payments-solutions provider E-Complish announced an interactive voice-response system that can process inbound and outbound card and check payments.
• Visa Inc. joined the Alliance for Safe Online Pharmacies organization.
• The ATM Industry Association issued a member alert about the new nexo IFX protocol standard, an XML-based open standard the trade group says will promote the development of standardized software and reduce costs from legacy ATM systems with proprietary message protocols.
