Transaction Processing News & Media
NMI to expand EMV, omnichannel payments offering with Creditcall acquisition
February 20, 2018
NMI, a provider of payments enablement technology, has signed a definitive agreement to acquire Creditcall, an omnichannel payment gateway and EMV solutions…
read nowTransfast, State Bank of India ink remittances deal
February 19, 2018
Transfast, a provider of remittance solutions with a presence in more than 125 countries, has entered an agreement with India's largest FI, State Bank of…
read nowBill would set card purchase minimums at $10 in NYC
February 19, 2018
A pair of New York City Councilmen want to make it illegal for businesses to set credit card minimum purchase amounts above $10.
read nowX9, PCI SSC collaboration aims to unify PIN security standards
February 16, 2018
The Accredited Standards Committee X9 Inc. and the PCI Security Standards Council have announced a joint initiative to create one unified PIN security standard…
read nowReal-time payments platform debuts Down Under
February 13, 2018
Three Australian banks have gone live with a real-time payments platform that will allow their customers to transfer funds instantly via PayID, a system that…
read nowSister organizations Interac, Acxsys merge to create Interac Corp.
February 12, 2018
Interac Association and Acxsys Corp. have completed the reorganization of their corporate structure into an amalgamated entity, Interac Corp.
read nowChicagoland ISOs join forces
February 9, 2018
Payroc LLC, a merchant services and payment organization, has acquired Integrity Payment Systems LLC, a full-service processor and acquirer. The transaction…
read nowWells Fargo to support NFC transactions via vivoactive 3 smartwatch
February 9, 2018
Wells Fargo customers can now use a Garmin vívoactive 3 smartwatch for transactions at NFC-enabled payment terminals , according to a press release. The…
read nowA2iA intros a2ia Mobility, a2ia mCapture software toolkit updates
February 8, 2018
A2iA, a developer of artificial intelligence and machine learning-based software for data capture, document processing, and payment systems, has announced new…
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Sticks and carrots: Why a plan to redistribute ATMs in the UK is bound to fail
by Suzanne Cluckey — Owner, Suzanne Cluckey Communications
Penalizing independent ATM deployers in the U.K. for having "too many" ATMs in urban areas is possibly the least compelling way imaginable to persuade them to…
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Will UK banks break Link?
by Ron Delnevo — Chairman, Cash and Card World
Some U.K. banks threaten to leave the Link UK Network without drastic cuts to interchange fees that enable customers to get cash from conveniently located…
read nowSecure Technology Alliance offers contactless payment recommendations
February 6, 2018
Consumers want payments to be faster, more secure, and seamless, and many stakeholders across the U.S. payments industry are looking to contactless payments as…
read nowCredit card purchases of crypto assets out of bounds, big banks say
February 6, 2018
The two largest U.S. banks, JPMorgan Chase and Bank of America, have announced that they will no longer allow cryptocurrency purchases on credit cards they…
read nowStudy compares payment types, preferences, reasons for use
February 2, 2018
More than three-quarters (78 percent) of young adults age 18–34 use person-to-person payment services such as PayPal, Venmo, Google Wallet and Facebook…
read nowFime to develop next-gen testing and validation scheme in Saudi Arabia
February 2, 2018
Fime, a long-time partner of Alhamrani Universal in the Kingdom of Saudi Arabia, has been selected by mada, the kingdom's domestic payment scheme, to develop a…
read nowPSCU gains 1st owner-member of 2018
January 31, 2018
San Diego-based California Coast Credit Union, an FI with $2.4 billion in assets and more than 160,000 members, has joined PSCU for in-house credit and debit…
read nowFiserv expands Accel debit network routing options
January 31, 2018
Fiserv Inc. has announced that its Accel debit payments network has expanded routing options for online and in-store transactions. Recent rule changes by the…
read nowCo-op doubles transactions processed to 6.6B in 2017
January 30, 2018
Co-op Financial Services set a record by processing more than 6.6 billion credit, debit, EFT and shared branch transactions on behalf of its credit union…
read nowUS Payments Forum announces EMV updates, resources
January 30, 2018
The U.S. Payments Forum has released its winter 2018 market snapshot, which includes the following updates:
read nowZelle P2P network moves $75B in funds during 2017
January 30, 2018
In 2017, the Zelle person-to-person network moved $75 billion in funds across a system that connects several major banks, according to a press release from…
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