Nearly 10 months after refreshing its logo and expanding into Australia and New Zealand, Payrix disclosed its new status as an FIS brand on Feb. 14, 2022, fulfilling its dream of becoming "a global leader in embedded payments, recognized for the passion of our people, integrity of our platform, and the possibilities demonstrated to our partners and their businesses."

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Consumers really like prepaid gifts. So much so that most can't wait to use the cards. Seven in 10 consumers (71 percent) recently surveyed by Fiserv said it only takes one or two purchases to redeem the full value of a gift card received. Sixty-eight percent said it takes less than three months to fully redeem their gift cards.

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Recent updates to EMVCo specifications will support new contactless authentication methods, enabling merchants and consumers to securely transact on smartphones, EMVCo representatives stated. The global technical body summarized 2021 milestones in a newly published annual report, indicating it will continue efforts to make contact and contactless smartcard payments more secure and seamless in 2022.

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As ACH adoption soars in B2B and B2C sectors, Nacha plans to phase in new guidelines to encourage usage and protect against errors and fraud. The 2022 rules begin to take effect in March 2022, Nacha representatives stated.

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You can add Apple to the list of companies making it easier for merchants to accept contactless payments. The company that brought us iPhones has announced its version of technology that turns smartphones into payment acceptance devices.

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New ADA compliance guidelines may impact merchants with on-premises ATMs and POS devices. Developed by the U.S. Access Board, the new rules clarify accessibility guidelines for PIN pads and touchscreens for people with disabilities. As a government agency, the board is tasked with designing and maintaining physical infrastructures to ensure compliance with the Americans with Disabilities Act of 1990 and other laws.

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From J.D. Power, the company that brought us customer satisfaction ratings for various consumer goods, comes this: payment processors have stepped up their games during the past year, with big banks leading the way with huge gains in small business satisfaction.

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Recent position papers published separately by The Payments Association and the Electronic Transactions Association reflect growing interest in central bank digital currencies (CBDCs) and financial inclusion.

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The race to digital financial services, accelerated by the COVID-19 pandemic, impacted marginalized consumers who rely on legacy financial systems. An Electronic Transactions Association white paper, published Feb. 7, 2022, details efforts by ETA member companies to improve access to a range of digital products and services in the past two years.

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To the list of electronic payment options gaining converts due to economic and behavioral changes brought in by COVID-19, add the automated clearing house. More than 29 billion payments valued at $73 trillion flowed across the ACH network in 2021, Nacha just reported. That's an increase of 8.7 percent (or 2.3 billion) in transactions.

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Climate First Bank, which opened its flagship location in St. Petersburg, Fla., in June 2021, followed by a branch in Orlando in October 2021, joined the Net-Zero Banking Alliance. The fledgling organization was forged during the 2021 United Nations Climate Change Conference (COP26) held last fall in Glasgow, Scotland.

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The Federal Reserve took another step along the path to real-time payments reality, disclosing preliminary pricing for its upcoming FedNow service. FedNow is an instant payment service being built by the Federal Reserve Bank System to support the clearing and settlement of payments between financial institutions in real time, 24/7/365.

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