Payments News

On The Web

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Deals

Trustly CEO Hints at Dual U.S. Listing After Stockholm IPO

“Trustly Group AB ’s plan to raise almost $1 billion through an initial public offering in Stockholm may be followed by a second listing in New York, according to its chief executive. Oscar Berglund, the CEO of the Swedish digital payment firm, says the U.S. is turning into its biggest growth market. For that reason, […]
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Systems

Aptys Solutions Enhances ACH Solution With Receipt Warehouse

“Aptys Solutions , a leading provider of cloud-based payments technology serving over 4,000 financial institutions through enterprise software, faster payments and mobile P2P solutions , announced new ACH functionality that lowers operational and systematic risk for financial institutions with the newly released Receipt Warehouse. Receipt Warehouse allows financial institutions to better manage incoming ACH transactions.”
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Deals

Orum Raises $21 Million To Speed Up Bank Payments From Five Days To One

“Kirkpatrick started Orum because so much money moves slowly, but some transactions settle quickly. Punch in your credit card online or swipe it at a store, and a retailer knows almost instantly whether it went through. Card networks are fast, but also expensive—retailers cough up 2% of their sales when they accept cards. By contrast, […]

On The Wires

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Systems

Electronic Healthcare Claim Payments Surge in 2021 | Nacha

“As the COVID-19 pandemic begins to subside, healthcare claim payments are on the rise.  Figures from Nacha, which governs the ACH Network, show nearly 37.4 million healthcare claim payments were made to providers by ACH in March 2021, the most ever in a single month, and an increase of 19.3% over March 2020. The value […]
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Systems

Square and Plaid Partner to Give US Merchants a Better ACH Payment Experience | Plaid

“For many ecommerce businesses, ACH payments debited directly from bank accounts provide a lower-cost, more accessible alternative to credit cards. And while cards expire and go missing, account and routing numbers used for ACH payments are more permanent, leaving less room for interruption and error. Despite the benefits for merchants, customer preference and convenience have […]
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Systems

BillingPlatform and GoCardless Partner to Accelerate Quote-to-Cash Processes and Maximize Cash Flow

“BillingPlatform , the leading global cloud-based monetization and billing solution provider, and GoCardless , a global leader in bank-to-bank payments, today announced a partnership that combines innovative Payment Gateway Framework technology and enhanced ACH debit capabilities – helping to streamline the quote-to-cash processes for businesses so they can get paid more quickly and easily. By […]
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Systems

Square Brings New Payment Functionality and Cost Savings to Businesses Using Square Invoices

“Today, Square announced businesses can now accept Automated Clearing House (ACH) payments on Square Invoices, bringing convenience and payment flexibility to businesses and their customers alike. ACH payments are an electronic bank payment method that provide a simple and secure alternative to card networks. ACH payment acceptance is another way that Square is meeting the […]
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Systems

Same Day ACH Payment Limit to Increase to $1 Million | Nacha

“Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including credits and debits for both businesses and […]
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