BankNews April 2015

Search Results: Payments

Visa Announces New Commercial Standard for Mobile Payments

May 29 – Visa Inc. has announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. Visa’s new Digital Enablement Program (VDEP) builds on the company’s secure token technology and adds a turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and leading technology partners around the world. Google, with its Android Pay payment solution, is Visa’s first international program partner.


Payments Industry Anticipates Major Growth in Mobile Offerings in 2015

May 27 – A new survey released by CAN Capital, a leading player in alternative small business finance, found that the shift toward mobile payment technologies and capabilities is seen as the largest area for growth and disruption over the coming year by industry professionals.


Mobile Payments, Mobivores and ACH

By Michael Scheibach

As if digital-only millennials weren’t enough to make financial institutions nervous about the future, now we have the rise of the mobivores, or mobile-only users who access their accounts only on smartphones. According to Fiserv, mobivores now represent about 15 percent of a financial institution’s mobile banking users, and the number is growing across generations and socio-economic segments, including the unbanked and underbanked.


American Transaction Processors Coalition Applauds Creation of Senate Caucus on Payments Innovation

April 10 – The American Transaction Processors Coalition (ATPC) is applauding the creation of the bipartisan U.S. Senate Payments Innovation Caucus. The caucus, led in part by Sen. Johnny Isakson (R-Ga.), will explore innovative technologies in the payments industry, including addressing issues in data security, consumer protection and the electronic payments industry.


International Bancard Teams with MasterCard to Expand Acceptance of Electronic Payments in the Real Estate Industry

April 7 – International Bancard has announced an agreement with MasterCard to promote the acceptance of electronic payments for rent payments and other property-related items. As part of this agreement, MasterCard will become the preferred payments network accepted by International Bancard for its Property Payments digital platform,


Mobile Visits, Bill Payments Up at Biller Websites, Yet Most Lack Mobile Bill Pay Strategy

March 30 – According to research commissioned by Fiserv, Inc., a leading global provider of financial services technology solutions, there has been substantial growth in mobile bill pay offerings and usage over the past year. Almost one in five visits to a biller’s website come from a mobile device – a 55 percent increase over 2013. Of those visits, bill payment is the number one consumer activity. Despite the growing use of the mobile channel, only 16 percent of billers have implemented a mobile bill pay and presentment (MBPP) strategy.


White Paper Examines Australia’s New Payments Platform

March 27 – Fundtech, a market leader in global transaction banking solutions, has released a white paper examining Australia’s New Payments Platform (NPP), including its strategic objectives and likely characteristics. The paper also addresses the benefits of early adoption by banks and deposit-taking institutions.


House Creates Congressional Payments Technology Caucus

March 23 – Representatives Lynn Westmoreland (GA-03), Randy Neugebauer (TX-19), David Scott (GA-13), and Kyrsten Sinema (AZ-09) of the U.S. House of Representatives have announced the formation of the Congressional Payments Technology Caucus (CPTC). The mission of the CPTC is to explore the new and innovative technologies in the payments industry, as well as answer questions about data security, unbanked users’ access to electronic payments, and more. Each founding member also serves on the House Financial Services Committee and has a strong interest in educating fellow members and the public on consumer protection when it comes to electronic payments. Below are statements from each founding member.


NACHA ’s Payments Innovation Alliance Releases White Paper : “Leveraging the Mobile Channel for ACH Payment Innovation”

March 18 – The Electronic Payments Association has announced the release by its Payments Innovation Alliance of a white paper, “Leveraging the Mobile Channel for ACH Payment Innovation.”


Jack Henry & Associates Introduces Online Payments, Donations Platform

March 13 – Jack Henry & Associates’ ProfitStars division has announced the addition of ProfitStars EPS SmartPay Express. Part of the Enterprise Payment Solutions (EPS) product suite, this platform enables financial institutions to provide custom online payment and donation services for business customers.


Kryptronic Internet Software Solutions