With both the number and the value of automated clearing house (ACH) payments continuing to rise, Federal Reserve Financial Services has launched a business and analytics tool meant to help financial institutions (FIs) optimize their business strategy and day-to-day ACH operations. The new tool, which...
Facepay has rolled out guaranteed text-to-pay to help out with credit card chargebacks for auto shops, a press release said. This will see service advisors sending text or email to customers to notify of balance due, tender payments and releasing vehicles as soon as possible....
Global payments FinTech Ebanx is expanding beyond its Latin American roots for the first time and bringing its digital solutions to Africa. Founded in Brazil, Ebanx spent 10 years expanding to 15 Latin American countries and is now focusing on Africa, which it believes is...
U.K.-based electronic payments company ePayments Systems is shutting up shop for good. In a post on the company website announcing the news, ePayment Systems said that it “has begun the process of closing its doors and entered into an orderly, solvent wind-down.” The FinTech business...
Global FinTech business payments company Adyen is the first company to deliver the Real Time Visa Account Updater (VAU) to Europe, which enables companies to boost authorization rates from card-on-file payments by automatically updating Visa accounts. Real-Time VAU aims to help prevent involuntary churn and since Adyen...
Former Microsoft Corporate Treasurer and Chief Investment Officer Tahreem Kampton has reportedly joined JPMorgan Payments as a senior payments executive. In this role, Kampton has been tasked with focusing on the future of payments, CoinDesk reported Friday (Sept. 9), citing a statement sent by JPMorgan....
Nigerian consumers can reportedly now use their smartphone or wearable device to make in-store payments using a new Tap-to-Pay service launched by ProvidusBank, Mastercard, Interswitch and Thales Group. To make these transactions, consumers can tap near-field communication (NFC)-enabled smart devices at contactless-enabled payment terminals. They...
Mexican commerce and digital payments platform Clip has obtained a $50 million credit facility from Morgan Stanley, J.P. Morgan and HSBC that it will use to continue adding payments solutions for the country’s businesses as well as improving financial access for both business and consumers....
National-level real-time interbank payment networks are increasingly recognized as one of the pillars of the modern economy, but the need to coordinate between banks, governments and industry means that rolling out such schemes is far from straightforward. For this reason, while pioneers such as South...