Topics: transaction Banking on the Death of Cash December 13, 2013Virtual currencies and new types of digital payments could reduce consumers’ reliance on cash. Mobile Point of Sale: Moving Beyond Micro-Merchants November 18, 2013A European startup is introducing a new pricing model for mobile point of sale solutions aimed at attracting larger merchants. Gartner: Majority of Banks Will Turn to Cloud for Processing Transactions By 2016 October 16, 2013Gartner released its IT predictions for vertical industries yesterday, which included forecasts on the growth of cloud in banking and changes in consumer behavior. Low Value Transactions: A Mobile Payments Dilemma October 15, 2013Lowering processing costs cloud open up an opportunity for mobile payments to gain traction in low value payments. New Oracle FLEXCUBE Upgrade Helps with FATCA Compliance August 13, 2013Oracle’s newest release of its FLEXCUBE core banking product includes tools to help with regulatory requirements and launch new delivery channels. Banks Can Save $1.5 Billion Through Adoption of Digital Channels, Study Says July 09, 2013A new report by Javelin claims that the banking industry could save $1.5 billion each year by leveraging mobile to further decrease branch transactions. Bank of America Appoints New Global Transaction Services Head for EMEA July 03, 2013Jennifer Boussuge has been named the head of GTS for EMEA at Bank of America Merrill Lynch.
Transforming Compliance into a Competitive Advantage June 17, 2013Wells Fargo worked extensively with ACI Wordlwide on simplifying and consolidating processes to comply with Dodd-Frank 1073, but the investment created new efficiencies that they believe offer an edge over the competition. Bank of America Merrill Lynch Expands Transaction Services in Canada. June 14, 2013The bank is creating targeted client teams and product enhancements for its business customers in that country.
The PayPal vs. Square Battle: Who’s Your Money On? May 22, 2013After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email. Fees On Real-Time Foreign Account Transfers Could Generate $1.1 Billion for Banks, Study Finds May 14, 2013New research from FIS shows that a number of consumers, particularly those that use foreign account transfers, would be willing to pay a fee to get their payments processed in real-time by their primary bank. Real-Time Payments Offers Opportunity to Build Customer Loyalty, Study Finds May 06, 2013Consumers are not only interested in real-time payments, but they’d prefer their primary financial institution to be their real-time payments provider, a recent FIS study suggests. New ACI Platform Aims to Help In Adapting to Change in Payments April 23, 2013ACI Worldwide’s new payments platform targets the difficulty banks are having in updating aging legacy systems to deal with new changes in the payments market. Banking Industry Proactively Developing Anti-Fraud Measures for Mobile March 13, 2013The industry, having experienced so many online attacks, is proactively developing strategies and solutions for mobile fraud – many of which have been on display at BAI Payments Connect. Guitar Center Accepts PayPal In-Store November 19, 2012National musical instruments retailer Guitar Center is now offering PayPal mobile and card payments at the point-of-sale. BillGuard's Transaction Monitoring Added To Lemon's Digital Wallet November 05, 2012BillGuard is extending it's reach in the digital wallets space, forming a new partnership that will add it's solution for transaction monitoring to the Lemon Wallet. VeriFone Cashes in on Nigeria's Cash-less Payments Initiative August 23, 2012VeriFone reports receiving 80,000 orders for new payments systems in Nigeria, which is trying to update its payment infrastructure to modernize its economy. Square Offers New Monthly Price Rate Following Starbucks Deal August 17, 2012Square introduces a new pricing plan for its clients after last weeks blockbuster deal with Starbucks. ACI Worldwide Introduces Merchant Payments Solution for Mobile Wallets August 16, 2012ACI's Retail Commerce Server now integrates mobile wallet payments into a merchant's existing payments infrastructure.
New Deal with Starbucks Raises New Issue for Square August 10, 2012The new deal with Starbucks means that Square will have to figure out how to make money processing credit card transactions for small purchases, like a cup of coffee.