Industry News

  • SHAZAM Acquires Digital Filing Solutions, Adds FileX Solution to Enhance Core Product Suite
    by Nicole Pinto on March 5, 2021 at 8:03 pm

    “SHAZAM, Inc., a nationwide provider of financial services to community financial institutions, announced it acquired software company Digital Filing Solutions (DFS), developer of FileX, an all-in-one software solution providing document imaging and management. The integration of FileX will enhance SHAZAM’s full suite of core products and services.” The post SHAZAM Acquires Digital Filing Solutions, Adds FileX Solution to Enhance Core Product Suite appeared first on Payments News.

  • Lawmakers Urge Credit-Card Companies Not to Raise Interchange Fee Rates
    by Nicole Pinto on March 5, 2021 at 7:52 pm

    “With financial companies set to increase interchange fees next month, two federal lawmakers are asking them to postpone the hike. On March 3, U.S. Senate Majority Whip Dick Durbin (D-Ill.), chair of the Senate Judiciary Committee, and U.S. Representative Peter Welch (D-Vt.) sent a letter to the CEOs of Visa Inc. and Mastercard Inc. urging The post Lawmakers Urge Credit-Card Companies Not to Raise Interchange Fee Rates appeared first on Payments News.

  • Consumer Financial Protection Bureau Takes Action Against Payment Processor and Its Former CEO for Supporting Internet-Based Technical-Support Scams | Consumer Financial Protection Bureau
    by Nicole Pinto on March 5, 2021 at 7:50 pm

    “The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court against BrightSpeed Solutions Inc. (BrightSpeed) and its founder and former chief executive officer, Kevin Howard, for knowingly processing payments for companies engaged in internet-based technical-support fraud. Chicago-based BrightSpeed was a privately owned, third-party payment processor founded and operated by Howard in 2015. It The post Consumer Financial Protection Bureau Takes Action Against Payment Processor and Its Former CEO for Supporting Internet-Based Technical-Support Scams | Consumer Financial Protection Bureau appeared first on Payments News.

  • BJ’s Wholesale Club Adds Online EBT Payment Option for In-Club Pickup and Curbside Pickup Orders in Select States
    by Nicole Pinto on March 5, 2021 at 7:50 pm

    “BJ’s Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs in the Eastern United States, announced that it now accepts EBT payments for SNAP eligible items on BJs.com for in-club pickup and curbside pickup orders in Florida and North Carolina. BJ’s members in these states can now seamlessly shop for their groceries on The post BJ’s Wholesale Club Adds Online EBT Payment Option for In-Club Pickup and Curbside Pickup Orders in Select States appeared first on Payments News.

  • WSJ News Exclusive | Saks Fifth Avenue Owner to Separate E-Commerce and Stores Units
    by Nicole Pinto on March 5, 2021 at 3:57 pm

    “The owner of Saks Fifth Avenue is splitting off its e-commerce business into a separate entity and raising $500 million to capitalize on the explosive growth in online shopping, according to company executives. The separation allows Saks.com, which has about $1 billion in annual sales, to raise money to fuel its growth. E-commerce has taken The post WSJ News Exclusive | Saks Fifth Avenue Owner to Separate E-Commerce and Stores Units appeared first on Payments News.

News

Company News

Use the glossary to understand the terminology in the payments industry.

Industry News

Access our collection of payment organizations and websites that will help you better understand, navigate, and network in the payments industry.

Upcoming Events

Check out white papers on Managing Your Cost of Electronic Payments and Interchange Optimization.  Check back often to see which new topics we are covering.

Get in Touch

Send us an email and we’ll set up a time to connect with you and your business.