Payments News

On The Web

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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 […]
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Systems

Central Bank Digital Currency Policy-Maker Toolkit

“The World Economic Forum’s Central Bank Digital Currency (CBDC) Policy‑Maker Toolkit seeks to address the need for a concise CBDC decision guide that provides comprehensive and risk‑aware information to policy‑makers. This document serves as a possible framework to ensure that any CBDC deployment fully considers the costs as well as the potential benefits, appraising a […]
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On The Wires

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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 […]