Digital Transactions – Authoritative, insightful and timely …
Digital Transactions Authoritative, insightful and timely information for payments professionals
FinCEN’s Ownership Reporting Rule Delayed Amid Court Ruling
Dec 18, 2024 · “As a result, the Department of Treasury and Financial Crimes Enforcement Network (FinCEN) is prohibited from enforcing beneficial ownership reporting requirements, and a stay has been issued for the January 1, 2025, reporting deadline for all reporting companies,” Basnett tells Digital Transactions News via email. Two days later, the U.S. Department of Justice, on behalf of the Treasury ...
What the CFPB’s Rules Mean for Open Banking
Dec 1, 2024 · The CFPB’s personal financial data-rights rule provides a legal framework to dramatically expand open banking in the United States and spur a host of innovative products.
Zelle Posts Strong 2024 First Half Growth – Digital Transactions
Oct 17, 2024 · Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced early Thursday that consumers and small businesses sent $481 billion dollars over the network during the first half of 2024, a 28% increase from the same period a year ago.
For Cap One, the Pulse Network Is the ‘Rare Asset’ in Its $35.3 …
Jan 2, 2025 · [Editor’s note: Originally posted Feb. 20, this article is #2 in Digital Transactions News’ countdown of 2024 posts by views.] (Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that credit card giant Capital One Corp. intends to shell out $35.3 ...
Fiserv Snaps up Payfare for Embedded Payments; Mastercard …
Dec 23, 2024 · Fiserv Inc. is looking to beef up its capabilities in embedded payments with an agreement to acquire Payfare Inc., a Toronto-based company, for $201.5 million Canadian, or approximately $139 million in U.S. currency. The deal, which was announced early Monday and is subject to shareholder approval ...
Real Time Payments: Where Are the Big Banks?
Mar 1, 2024 · After the hoopla surrounding FedNow’s launch last year, reality is starting to set in. Payments professionals have been basking in a warm glow as a steady stream of media coverage lauds the long-awaited arrival of faster payments and the uplifting role played by those professionals in bringing the long-dormant, slow-innovation paradigm of physical payments to a …
CargoSprint’s Acquisition and other Digital Transactions News …
Dec 16, 2024 · CargoSprint, a payments processor for the cargo industry, has acquired Advent Intermodal Solutions LLC, which provides technology for port operations, including payments.Terms were not disclosed. The payments network Modern Rails has begun using the FedLine Direct Solution to support connections to the Federal Reserve’s payment-settlement network for banks and credit unions.
A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees
Nov 20, 2024 · Tillis also said that while he wants to see Visa and Mastercard be successful, the cost of swipe fees is a problem for small businesses. The outcome he would like to see is for small businesses to tell Congress within the next 24 months that, while “we’d always like more [in the way of swipe fee relief], we got a fair deal.”
Diebold Nixdorf’s Windows 11 ATMs Signal the Next Era
Dec 10, 2024 · Competitor Hyosung Americas also is eyeing the cessation of support for Windows 10. “There are multiple versions of Windows 10 available in the commercial space,” says William Budde, Hyosung Americas vice president of banking strategy and solutions. “The version of Windows 10 commonly used on ATMs in the U.S. is called ‘Windows 10 LTSB 2016.’