Payment system

Leading Commerce Technology Company FortisPay Adds Industry Vets to C-Suite

Retrieved on: 
Thursday, July 15, 2021
Payment systems, Finance, Money, Digital currencies, Web applications, Credit cards, Cayan, Mission District, San Francisco, Paysafe, MasterCard, NACHA, NACHA

Preceding FortisPay, Cohen lead numerous, highly-successful commerce businesses from the executive suite including, Paya, iPayment (now PaySafe) and Cayan (now part of Global Payments).

Key Points: 
  • Preceding FortisPay, Cohen lead numerous, highly-successful commerce businesses from the executive suite including, Paya, iPayment (now PaySafe) and Cayan (now part of Global Payments).
  • Additionally, he is the former president of the Electronic Transactions Association and member of Mastercard, Discover and NACHA advisory boards.
  • "These C-level, industry veterans bring visions of commerce enablement and track records that indicate this progress will continue, if not accelerate, at FortisPay."
  • FortisPay provides payment technology and merchant solutions to businesses and software developers nationwide, processing billions of dollars annually.

RealtySouth, Alabama's Largest Real Estate Company, Chooses DepositLink for a Secure Electronic Payment Solution

Retrieved on: 
Tuesday, July 6, 2021
Payment system, Real estate transaction

BOSTON, July 6, 2021 /PRNewswire/ -- DepositLink , the market leader of electronic deposits and payments in the residential real estate industry, announces a partnership with RealtySouth to offer its safe and secure electronic payment platform to its 800+ agents.

Key Points: 
  • BOSTON, July 6, 2021 /PRNewswire/ -- DepositLink , the market leader of electronic deposits and payments in the residential real estate industry, announces a partnership with RealtySouth to offer its safe and secure electronic payment platform to its 800+ agents.
  • "It's an honor to partner with one of the country's largest real estate firms," said Jay Rooney, DepositLink Founder, and CEO.
  • DepositLink is a mobile responsive payments platform that is revolutionizing the way money moves in the residential real estate business.
  • To better serve our community and provide a smooth and successful real estate transaction, our company offers a comprehensive package of real estate services.

New Study: B2B Payment Technology is a Top Priority Amidst Merchants' Digital Transformation

Retrieved on: 
Wednesday, June 23, 2021
Articles, Online payments, Digital technology, Digital transformation, Information society, Social change, Payment system, Credit cards

More than 90% of the merchant respondents have experienced challenges with their organizations' payment systems or technology.

Key Points: 
  • More than 90% of the merchant respondents have experienced challenges with their organizations' payment systems or technology.
  • "The research shows investments in finance applications, systems and processes are a top digital transformation priority for merchants.
  • 31% of respondents said payment challenges reduce their organizations' appetite for innovation or digital transformation.
  • TreviPay is a global financial technology company specializing in payment and credit management for B2B companies through custom omni-channel payments solutions.

Joint Study by Cantaloupe, Inc. and Michigan State University Finds Digital Payments Are Now the Preferred Payment Method at Vending Machines Powered by Increased Use of Contactless Credit Cards

Retrieved on: 
Tuesday, June 22, 2021
Data management, Retail, Technology, Other Retail, Other Technology, Software, Ancient technology, Science and technology, Technology, Ancient Greek technology, Confectionery, Dispensers, Vending machine, Payment system, Verifone

The study found the growth of digital payments increased steadily through 2020.

Key Points: 
  • The study found the growth of digital payments increased steadily through 2020.
  • The joint study evaluated sales and transaction data from approximately 122,000 vending machines connected to Cantaloupes digital payment platform across the United States.
  • We have been reporting the growth in digital payments and transactions at vending machines for years.
  • Low volume machines, or those with less than $2000 in sales per year, showed increases in digital payments also, led by growth in contactless.

Juniper Research: Buy Now Pay Later Spend to Reach $995 Billion Globally in 2026, Despite Increasing Regulation

Retrieved on: 
Monday, June 14, 2021
Internet, Finance, Banking, Professional services, Technology, Online Retail, Mobile, Wireless, Retail, Finance, Money, Payment system, Financial technology, Economy

The new research, Buy Now Pay Later: Vendor Strategies, Regulatory Frameworks & Market Forecasts 2021-2026 , found that, by 2026, buy now pay later services will account for over 24% of global eCommerce transactions for physical goods by value, from just 9% in 2021.

Key Points: 
  • The new research, Buy Now Pay Later: Vendor Strategies, Regulatory Frameworks & Market Forecasts 2021-2026 , found that, by 2026, buy now pay later services will account for over 24% of global eCommerce transactions for physical goods by value, from just 9% in 2021.
  • The research also found that the global number of buy now pay later users will exceed 1.5 billion in 2026, from 340 million in 2021.
  • In turn, the report recommends that eCommerce merchants must integrate buy now pay later services immediately, or risk losing transactions to other payment platforms which offer preferable payment options.
  • Buy Now Pay Later market research: https://www.juniperresearch.com/researchstore/fintech-payments/buy-now-p...
    Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

ACI Worldwide to Attend Craig-Hallum Institutional Investor Conference

Retrieved on: 
Friday, May 28, 2021
Other Professional Services, Software, Finance, Banking, Data management, Professional services, Technology, Other Technology, ACI Worldwide, ACI, Companies, Service companies, Payment system, Finance

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that the company will participate in the 18th Annual Craig-Hallum Institutional Investor Conference.

Key Points: 
  • ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced that the company will participate in the 18th Annual Craig-Hallum Institutional Investor Conference.
  • The conference will be held on Wednesday, June 2, 2021
    ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations.
  • We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.
  • ACI, ACI Worldwide, ACI Payment Systems, the ACI logo and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both.

Certegy Expands Buy Now, Pay Later (BNPL) Offering with White Label Solution

Retrieved on: 
Thursday, May 20, 2021
Family, Professional services, Consumer, Small business, Children, Finance, Banking, Payment system

b'Certegy , a leading ACH payments and risk management company, today announced the expansion of its Buy Now, Pay Later (BNPL) solution with the launch of a white label BNPL offering.

Key Points: 
  • b'Certegy , a leading ACH payments and risk management company, today announced the expansion of its Buy Now, Pay Later (BNPL) solution with the launch of a white label BNPL offering.
  • Certegy clients can leverage new APIs and developer tools to deploy their own merchant-branded BNPL option to accept multiple payments, over time, for a single purchase, increasing their revenue per transaction.\nThe white label BNPL solution, targeted at mid-market and enterprise clients, leverages Certegy\xe2\x80\x99s BankPay payment technology platform.
  • Powered by best-in-class verification and risk management, the payment platform processes over $2 billion in ACH transactions annually, representing a significant savings to merchants compared to credit or debit transactions.\n\xe2\x80\x9cWe are thrilled to announce the extension of our Buy Now, Pay Later product with new APIs, providing a merchant-branded white label solution to our customers,\xe2\x80\x9d said Colby Thames, Chief Technology Officer, Certegy.
  • To learn more, please visit www.certegy.com\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210520005135/en/\n'

Flywire and Discover Partner on Global Education Payments

Retrieved on: 
Thursday, May 6, 2021
Discover Financial, Credit cards, Money, Riverwoods, Illinois, Finance, Articles, Payment system, Diners Club International, Discover Card, Payment

b"Flywire adds Discover, Diners Club International and network alliance cards to its global payment network, providing new payment options for students and schools globally\nBOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.

Key Points: 
  • b"Flywire adds Discover, Diners Club International and network alliance cards to its global payment network, providing new payment options for students and schools globally\nBOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.
  • These countries represent growing markets for students studying abroad and Discover Global Network cards are a popular payment option in each of them.\nFlywire is the payment provider of choice for education institutions around the world.
  • The solution also enables institutions to create custom payment plans to provide students and families with greater flexibility.\n\xe2\x80\x9cDiscover is a leading digital bank and payments provider, and we\xe2\x80\x99re very pleased to offer their popular Discover Global Network card brands as a payment option for the first time,\xe2\x80\x9d said Mohit Kansal, vice president of global payments for Flywire.
  • It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world.

Innovative Banks Back Intelligent Bill Pay Capability on the RTP® Network

Retrieved on: 
Wednesday, May 5, 2021
Financial services, Money, Finance, Financial markets, Settlement, Banking in the United States, Clearing, Banking, Payment system, Payment, The Clearing House, Cheque

b"The introduction of the RTP network ushered in a new era in payments.

Key Points: 
  • b"The introduction of the RTP network ushered in a new era in payments.
  • TCH has invested $320 million to deliver the RTP network to the industry and the network is open to all depository financial institutions.\nThe Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and the RTP network.
  • Most recently, The Clearing House has revolutionized U.S. payments infrastructure with the RTP network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel.
  • These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers.

Nacha Announces Q2 Has Renewed its Preferred Partner Status

Retrieved on: 
Wednesday, April 28, 2021
Financial services, Banking, NACHA, Money, ACH Network, NACHA, Payment system, ACH

"As a Nacha Preferred Partner, we are part of an elite team of collaborative technology leaders helping strengthen and grow safer payments with the ACH Network.

Key Points: 
  • "As a Nacha Preferred Partner, we are part of an elite team of collaborative technology leaders helping strengthen and grow safer payments with the ACH Network.
  • "\nNacha\'s Preferred Partner Program is open to technology solution providers whose offerings align with Nacha\'s core strategies to advance the ACH Network.
  • Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system.
  • Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO.