PYMNTS-MonitorEdge-May-2024

Payment Methods

What is a payment method? Well there are many, debit, credit, ACH, blockchain, and cross border. There are also many other way to transact through the wires. Credit card, debit card, cheque, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods.

Source: en.wikipedia.org

Banks Join Forces To Create Interbank Group For Global Payments
Banks Join Forces To Create Interbank Group For Global Payments
September 26, 2016  |  Blockchain / Distributed Ledger

Ripple, the provider of financial settlement solutions, announced on Friday (Sept. 23) a number of global banks joining forces to create the first interbank group...

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Chase Expands Relationship With Walmart To Process Payments On ChaseNet
Chase Expands Relationship With Walmart To Process Payments On ChaseNet
September 23, 2016  |  Payment Methods

Chase announced on Thursday (Sept. 22) that it has expanded its relationship with Walmart to process payments on ChaseNet. ChaseNet is the bank’s closed-loop network. Chase...

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Iliad Outlines Risks As Payment Market Continues To Grow
Iliad Outlines Risks As Payment Market Continues To Grow
September 22, 2016  |  Mobile Payments

Iliad, the payment testing software company, is warning that the mobile payment industry is growing rapidly and changing, presenting risks for companies as they integrate...

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EBA CLEARING Seeing Strong Growth For Its New Instant Payment Service
EBA CLEARING Seeing Strong Growth For Its New Instant Payment Service
September 22, 2016  |  Payment Methods

EBA CLEARING announced on Wednesday (Sept. 21) it continues to register a strong growth rate in the number of payment service providers (PSPs) confirming their...

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Visa Gearing Up To Make Enhancements To Verified By Visa
Visa Gearing Up To Make Enhancements To Verified By Visa
September 21, 2016  |  VISA

Visa Inc. announced on Tuesday (Sept. 20) that changes coming to Verified by Visa, its online authentication service, and to Three-Domain Secure (3-D Secure), the...

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Finicity Releases New ACH Account Verification API
Finicity Releases New ACH Account Verification API
September 21, 2016  |  Payment Methods

Finicity announced on Tuesday (Sept. 20) it has released its new ACH Account Verification API. In a press release, the company said the service enables...

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Digital Channels Making Banks More Vulnerable To Scams
Digital Channels Making Banks More Vulnerable To Scams
September 21, 2016  |  Security & Fraud

SAS, the analytics company, and Javelin Strategy & Research, the market research company, found in their “2016 Digital Channel Threat Report: Derisking Convenience” that digital...

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Fiserv Detects More Than 90 Percent Of Fraud With Payment Fraud Manager Tool
Fiserv Detects More Than 90 Percent Of Fraud With Payment Fraud Manager Tool
September 20, 2016  |  Security & Fraud

Fiserv, the provider of financial services technology solutions, announced on Monday (Sept. 19) that its Payment Fraud Manager tool detected more than 90 percent of...

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BNP Paribas To Let Companies Issue Mini-Bonds On Its Blockchain Platform
BNP Paribas To Let Companies Issue Mini-Bonds On Its Blockchain Platform
September 20, 2016  |  Blockchain / Distributed Ledger

BNP Paribas Securities Services is looking at letting companies issue mini-bonds on its blockchain technology platform. According to a press release, the mini-bonds are for...

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