BankNews Feb. 2015

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Search Results: Payments

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.

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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.

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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.

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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.”

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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.

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Most Influential Women in Payments Honored by PaymentsSource

March 13 – PaymentsSource, providing news and analysis for payments professionals, has announced the honorees for the 2015 Most Influential Women in Payments. PaymentsSource will celebrate the accomplishments of these exceptional leaders on April 8th at an honoree panel discussion and reception, held during the 27th Annual Card Forum & Expo at the Chicago Marriott Downtown, hosted by PaymentsSource and American Banker.

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FirstMerit Mobile Banking Apps Now Offer Popmoney for Convenient Person-to-Person Payments

March 12 – FirstMerit Corp. has announced that its Apple iOS and Android Mobile Banking Apps now include Popmoney, a simple and secure service that allows customers to send and receive money electronically.  Sending and receiving personal payments through Popmoney reduces the hassle of writing checks and eliminates the need to carry cash. All it takes is an email address or mobile phone number of the person receiving funds to initiate a payment.

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Viewpost Targets Fast Growth in Online B2B payments

March 12 – Electronic invoicing and payment provider Viewpost IP Holdings LLC is looking to build on growth in business-to-business payment processing by connecting buyers and suppliers through its free-to-join online portal. CEO Max Eliscu compares his company’s portal, launched last fall, to Facebook or LinkedIn, except instead of browsing old bosses’ profiles, buyers and suppliers use their Viewpost pages to get paid.

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Payveris Offers Free P2P Payments to Financial Institutions

March 9 – Payveris, a next generation online and mobile digital payments company announced that as part of its ongoing efforts to unite with banks and credit unions to keep them at the center of the digital payments process, it will be offering its person-to-person “SEND CASH” service via its PayItNow™ Network for free to institutions and industry partners that sign onto the service within the next 90 days.

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First United Bank Launches Next-Day Person-to-Person Payments

March 6 – Malauzai Software, a provider of mobile and Internet banking SmartApps for community financial institutions, has partnered with digital payments services provider Payveris to offer its clients faster payments services. The integration is being used by Dimmit, Texas-based First United Bank to provide account holders next-day person-to-person (P2P) payments in an effort to better meet the needs of its millennial customer base in a competitive banking market.

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