Electronic funds transfer

ACI Readies European Banks and Merchants for Instant Payments

Retrieved on: 
Tuesday, June 20, 2023
Mobile, Wireless, Technology, Payments, Finance, Security, Fintech, Banking, Professional Services, Software, Artificial Intelligence, Transfer, Acceleration, SEPA, API, EPC, ACI Worldwide, ACIW, Mandate, RT1, Warsop, Friction, Credit transfer, TIPS, SCT, Growth, EC, ACI, European Commission, Single Euro Payments Area, Cryptocurrency, Bank, Mobile phone, Electronic funds transfer, EU

In addition, ACI recently launched its ACI Instant Pay solution in Europe and the U.K., enabling merchants to accept online, mobile and in-store payments instantly via a simple API integration with ACI Payments Orchestration Platform.

Key Points: 
  • In addition, ACI recently launched its ACI Instant Pay solution in Europe and the U.K., enabling merchants to accept online, mobile and in-store payments instantly via a simple API integration with ACI Payments Orchestration Platform.
  • Merchants are set to gain significantly from the adoption of instant payments through the elimination of interchange fees, instant settlement — which means instant liquidity — and the elimination of chargebacks.
  • “Instant payments will help to secure the competitiveness of banks, financial services providers and merchants.
  • In 2022, instant payments were 2.5% of total payments volume, while other forms of electronic payments represented 66.4%, and paper-based payments represented 31.1%.

Cotchett, Pitre & McCarthy Announce Claims Against Bank of America to Go Forward for Failing to Protect Unemployed Californians During Pandemic

Retrieved on: 
Saturday, May 27, 2023
Class Action Lawsuit, Professional Services, Legal, Transfer, Unemployment, Electronic funds transfer, Bank of America, LLP, EDD, Failure, Bleeding, California Consumer Privacy Act, Class, Plaintiff, Confidentiality, District court, Freezing, Consumer, Bank, McCarthy, Douglas v. U.S. District Court ex rel Talk America, Payment card, Cryptocurrency, Insurance

Under federal law, BofA is required to investigate cardholders’ claims of unauthorized transactions on their account.

Key Points: 
  • Under federal law, BofA is required to investigate cardholders’ claims of unauthorized transactions on their account.
  • Plaintiffs allege that instead of conducting the required investigations, Bank of America summarily denied cardholder claims and froze their accounts.
  • The law firm of Cotchett, Pitre & McCarthy filed the class action lawsuit Yick v. Bank of America, N.A.
  • Bank of America failed to safeguard the accounts of EDD debit cardholders and then failed to handle fraud claims when made.

Priority Will Debut MX™ POS, a New POS for Businesses at Transact 2023

Retrieved on: 
Monday, April 24, 2023
Other Technology, Office Products, Restaurant, Bar, Wine & Spirits, Tobacco, Supermarket, Specialty, Small Business, Convenience Store, Catalog, Technology, Food, Beverage, Bridal, Fashion, Cosmetics, Fund Raising, Retail, Home Goods, Payments, Finance, Professional Services, Online Retail, Philanthropy, Luxury, Discount, Variety, Department Stores, Georgia World Congress Center, MX, Electronic funds transfer, API, POS, Luigi, Congress Center, Sale, ETA, SVP, Cryptocurrency, Online shopping, Priority

Priority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority), which owns a platform for unified commerce that delivers integrated payments and banking at scale, will debut its MX™ POS solutions at the Electronic Transaction Association’s (ETA) Transact 2023.

Key Points: 
  • Priority Technology Holdings, Inc. (NASDAQ: PRTH) (Priority), which owns a platform for unified commerce that delivers integrated payments and banking at scale, will debut its MX™ POS solutions at the Electronic Transaction Association’s (ETA) Transact 2023.
  • MX POS is not a traditional point of sale system (POS), its features set it apart.
  • The MX POS system supports restaurants, retail, and other merchants that need business-enhancing POS solutions.
  • Priority encourages ETA Transact 2023 participants looking for a quick-to-implement and easy-to-use POS system to stop by booth #1725 for a demo and to meet the team.

Online Bill Payment Automation Software for Business Announced by Rillion

Retrieved on: 
Sunday, April 2, 2023
Online, Communication, Platform as a service, Fraud, PO, AP, ACH, SOC, CFOS, Organization, Electronic funds transfer, Automation, Bookkeeping, Online shopping

Rillion has announced Rillion Pay, a fully managed payments operations solution enabling organizations to eliminate paper checks, manual payment processes, and supplier exceptions.

Key Points: 
  • Chicago, Illinois--(Newsfile Corp. - April 2, 2023) - Rillion, a leading provider of invoice and payment automation software, has announced Rillion Pay, a fully managed payments operations solution enabling organizations to eliminate paper checks and manual payment processes.
  • Online payment automation such as Rillion Pay, or Payments as a Service (PaaS), helps organizations save time, reduce costs, prevent fraud and gain visibility into their payment process.
  • Payment automation is a valuable tool for companies looking to outsource their vendor invoice payments.
  • The AP automation solution includes capture, invoice processing, approval workflow, PO matching, auditing, an invoice archive and automated payment.

North American Bancard PCI Director Named to Prestigious Payments Industry List

Retrieved on: 
Wednesday, March 1, 2023
Electronic funds transfer, PCI, Payment Card Industry Data Security Standard, Environment, NAB, Recognition, ETA, Rest, Risk management, CWA, North American Bancard, Payment card

The list of honorees recognizes innovative leaders and influencers in the payments industry.

Key Points: 
  • The list of honorees recognizes innovative leaders and influencers in the payments industry.
  • ETA solicited nominations from across the payments industry, seeking talented payments executives under 40.
  • The final group was selected by previous honorees and the ETA Awards and Recognition committee based on the nominees' impact on the payments industry and their professional character.
  • “NAB has proven to be an industry leader and a great environment to enhance my skills over the years.

GoCardless opens up access to its global bank payment network

Retrieved on: 
Wednesday, February 8, 2023
Growth, Plum, USD, API, YouGov, Online shopping, Cryptocurrency, Bank, Electronic funds transfer, Eurozone

LONDON, Feb. 8, 2023 /PRNewswire/ -- GoCardless, a global leader in direct bank payments, has launched GoCardless Embed, a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.

Key Points: 
  • LONDON, Feb. 8, 2023 /PRNewswire/ -- GoCardless , a global leader in direct bank payments, has launched GoCardless Embed , a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.
  • GoCardless Embed also slots seamlessly into their existing solution, meaning payment providers retain complete control over the customer experience.
  • Our greatest achievement is building a global bank payment network, connecting disparate payment schemes into one interoperable network -- a challenge that our peers and competitors had previously considered insurmountable.
  • Through GoCardless Embed, payment providers can meet growing merchant demand for bank payments.

GoCardless opens up access to its global bank payment network

Retrieved on: 
Wednesday, February 8, 2023
Growth, Plum, USD, API, YouGov, Online shopping, Cryptocurrency, Bank, Electronic funds transfer, Eurozone

LONDON, Feb. 8, 2023 /PRNewswire/ -- GoCardless, a global leader in direct bank payments, has launched GoCardless Embed, a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.

Key Points: 
  • LONDON, Feb. 8, 2023 /PRNewswire/ -- GoCardless , a global leader in direct bank payments, has launched GoCardless Embed , a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.
  • GoCardless Embed also slots seamlessly into their existing solution, meaning payment providers retain complete control over the customer experience.
  • Our greatest achievement is building a global bank payment network, connecting disparate payment schemes into one interoperable network -- a challenge that our peers and competitors had previously considered insurmountable.
  • Through GoCardless Embed, payment providers can meet growing merchant demand for bank payments.

Euronet Reports Fourth Quarter and Full Year Financial Results

Retrieved on: 
Wednesday, February 8, 2023
Transfer, Depreciation, Corporation, Intra, GAAP, ATM, COVID-19, Stock dilution, Travel, Piraeus Bank, EPS, Constant, Webcast, Acquisition, Segment, Telecommunication, POS, Sale, EBITDA, EFT, Foreign exchange company, Forecasting, Digicel, Growth, Tutoring, Semiconductor, Cryptocurrency, Reinsurance, Wood drying, Bookkeeping, Security (finance), Online shopping, Ridesharing company, Electronic funds transfer, Public utility, Rail freight transport, Bank, Insurance, Euronet, Money transfer

LEAWOOD, Kan., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Euronet (or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports fourth quarter and full year 2022 financial results.

Key Points: 
  • LEAWOOD, Kan., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Euronet (or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports fourth quarter and full year 2022 financial results.
  • Euronet reports the following consolidated results for the fourth quarter 2022 compared with the same period of 2021:
    Operating income of $79.1 million, a 173% increase from $29.0 million (206% increase on a constant currency basis).
  • The fourth quarter results were in line with our expectations, with favorable effects from foreign currency largely offset by higher-than-expected operating tax expense.
  • To listen to the call via telephone please register at Euronet Fourth Quarter Earnings Call.

First FTC ROSCA case challenges bogus BOGO and "free" claims

Retrieved on: 
Tuesday, November 29, 2022
Online, Transfer, Privacy, Federal Trade Commission, Electronic Fund Transfer Act, Blog, Weight loss, Complaint, BOGO, Policy, TSR, Federal Trade Commission Act of 1914, Electronic funds transfer, Comment, Exercise, Thunder, Diet, Skin care, ROSCA, LLC, Name, Record, Fraud, FTC, Online shopping, Dietary supplement

Your e-commerce clients will want to know about the FTCs first ROSCA case, filed recently in Nevada.

Key Points: 
  • Your e-commerce clients will want to know about the FTCs first ROSCA case, filed recently in Nevada.
  • Among the defendants more colorful business names: Weight Loss Dojo, Longhorn Marketing (sorry, Texas fans), Black Bull, and Unleash the Thunder.
  • The FTC says the defendants lured people in with bogus promises of a free trial or deceptive buy-one-get-one (BOGO) offers.
  • In addition to the ROSCA counts, the FTC says the defendants practices violated the Electronic Fund Transfer Act by debiting consumers accounts on a recurring basis without their prior written authorization.
  • A federal judge has entered a temporary restraining order and the FTC is seeking to put a permanent stop to the defendants illegal practices.
  • If your clients have ROSCA questions, the complaint offers the first example of how the FTC has used the statute.
  • If your clients havent had ROSCA questions, maybe now is the time to remind them of what the law requires.

Global Aviation Fuel Market Report 2022: Rising Military Expenditure Fueling Growth - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 4, 2022
Automotive, Air, General Automotive, Other Automotive, Transport, Alternative Vehicles, Fuels, United Nations, International airport, SIPRI, United Airlines, Electronic funds transfer, UNWTO, Research, Industry, Aircraft, Gazprom Neft, Biofuel, CAGR, World, GDP, Gazprom, Los Angeles International Airport, Growth, LIS, Stockholm International Peace Research Institute, Airport, Employment, Investment, Atmosphere, Travel, World Bank Group, Aviation, SAF, Carbon, Tourism, Airline, Asia-Pacific

The booming travel and tourism industry is one of the primary drivers of the global aviation fuel market.

Key Points: 
  • The booming travel and tourism industry is one of the primary drivers of the global aviation fuel market.
  • New flight routes and a heavy flow of investments in new airports worldwide is also contributing factor to the global aviation fuel market growth.
  • The rising focus of governments on the military sector is another factor spurring the growth of the aviation fuel market.
  • Stringent regulations regarding the sustainability of aviation fuel are further boosting the competition among aviation fuel manufacturers, positively impacting the overall growth of the global aviation fuel market.