Payments News

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Glenbrook

What’s the intersection of digital currency and the payments ecosystem?

Cryptocurrencies are dominating economic headlines. From the rise of NFTs to El Salvador making Bitcoin legal tender, there’s never a quiet day on the crypto frontlines.  And yet, amid all of the conjecture, no one has truly addressed the most pressing question: What’s the intersection of digital currency and the payments ecosystem? On October 20 – […]
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Uncategorized

U.S. Treasury Calls for Stricter Cryptocurrency Compliance With IRS, Says They Pose Tax Evasion Risk

“The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets and transactions, and said it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service. “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury […]
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Amazon Launches Business Selling Automated Checkout to Retailers

“Amazon.com Inc ( AMZN.O ) on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters.  The world’s biggest web retailer said it has “several” signed deals with customers it would not name. A new website Monday will invite others to […]

On The Wires

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PayPal Introduces Customers to the Next Digital Payments Era With the New PayPal App

“Today, PayPal announced the new PayPal app, an all-in-one, personalized app that offers customers the best place to manage their financial lives. The new PayPal app will introduce new features including PayPal Savings, a new high yield savings account provided by Synchrony Bank, alongside new in-app shopping tools that will enable customers to earn rewards […]
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Codat Announces Strategic Investments by PayPal Ventures and American Express Ventures

“Codat , the API-based platform for business data, today announced strategic investments from PayPal Ventures and American Express Ventures. Amex Ventures and PayPal join previous investor in Codat’s Series A Index Ventures. Along with the announcement of these new investments, Codat also formally launched its U.S. operations. Codat is the fintech startup powering the small […]
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U.S. Faster Payments Council Launches New Work Groups Focused on Financial Inclusion and Real-Time Recurring Payments

“The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. The newest work groups are in addition to the FPC’s wide range of workstreams on faster payments topics such as education and awareness, cross border […]
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90+ Financial Institutions Provide Real-Time Payments Through Jack Henry

“oday, Jack Henry & Associates, Inc. (NASDAQ: JKHY ), a leading provider of technology solutions and payment processing services primarily for the financial services industry, confirmed that 93 financial institutions are live on its faster payments hub, JHA PayCenter ™. In total, more than 170 banks and credit unions are contracted to leverage JHA PayCenter […]
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Systems

Nacha Mulls Same-Day ACH Limit Increases to $1 Million and Above

“After receiving enthusiastic responses to last year’s same-day ACH limit increase, the National Automated Clearing House Association (Nacha) has proposed layering in major limit increases over the next three years that would enable corporates to speed up a wide variety of debits and credits. The proposal was issued December 7 and received 107 industry comments […]