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Breaking News articles for March 2024

ETA returns to Vegas for TRANSACT 24

Friday, March 29, 2024

The Electronic Transactions Association will return to the Las Vegas Mandalay Bay, April 17 to 19, 2024, for TRANSACT 24. The ETA expects its signature event to draw more than 3,000 attendees from across fintech, financial and payments industry sectors.

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Nacha targets 'push' payment fraud

Thursday, March 28, 2024

Nacha, the automated clearing house rules group, approved new rules requiring stepped up fraud monitoring for ACH credit payments. The new credit push fraud rules establish a base level of ACH payment monitoring for all parties in the ACH network (except consumers).

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Long-running legal battle over interchange settled, maybe

Tuesday, March 26, 2024

Visa and Mastercard agreed to settle a long-running legal battle with retailers. Under the settlement, announced March 26, 2024, the card brands will put the brakes on interchange hikes for four years, eliminate their anti-steering rules, and simplify rules pertaining to surcharging and cash discounting, according to press releases issued today by the card brands and attorneys representing retailers.

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Green Sheet interviews Sopra Banking's Eric Pogu

Monday, March 25, 2024

Sopra Banking Software recently expanded its relationship with Amazon Web Services by joining AWS' Independent Software Vendor Accelerate Program, a co-selling initiative designed to help AWS partners drive business and accelerate turn cycles.

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Digital wallets near mainstream acceptance, study finds

Friday, March 22, 2024

Consumers around the world are using digital wallets more frequently and in more places, according to the J.D. Power 2024 Digital Wallet Satisfaction Study, published March 22, 2024.

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BNPL now just another payment option

Tuesday, March 19, 2024

A new report from the Federal Reserve Bank of New York shows that many Americans are embracing buy now, pay later (BNPL) as a payment option on par with "will that be cash or card?" This is especially true among the financially fragile, New York Fed researchers found.

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Green Sheet interviews PortfolioBuyer.com CEO

Monday, March 18, 2024

Christopher Hernandez is CEO at PortfolioBuyer.com, a mergers and acquisitions consulting firm focused on the merchant services industry. In an exclusive interview with The Green Sheet, Hernandez shared his perspective on how payments industry and economic trends are shaping present and future portfolio valuations and sales.

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Analysts betting on a PayPal comeback

Friday, March 15, 2024

Despite economic headwinds and declining share prices, analysts are calling PayPal Holdings Inc. stock a strong buy. A recent reorganization and robust product road map are improving shareholder value and overall performance, according to Stocklytics.com and The Motley Fool.

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Industry leaders push for business-friendly policies

Wednesday, March 13, 2024

U.S. and UK oversight and budgetary measures have drawn criticism on both sides of the pond. Lack of support for small business is chief among the concerns critics have noted, citing the U.K.'s Spring Budget and the U.S. Consumer Financial Protection Bureau as examples.

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Apple caves in Epic feud

Monday, March 11, 2024

The ongoing battle between Apple and Epic Games has taken a turn for the better, as Apple has agreed to reinstate the game maker's developer status after terminating it last week. This means Epic Games can continue developing an Epic Game Store for iPhone, and the popular online game Fortnite can be loaded back onto iPhones.

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Value outranks price for BNPL borrowers, study finds

Friday, March 8, 2024

Post-sale buy now, pay later options are increasingly attractive to consumers, according to the J.D. Power 2024 U.S. Buy Now Pay Later Satisfaction Survey. The second annual report, published Feb. 29, 2024, found a 16 percent increase in overall satisfaction among BNPL borrowers compared to the same period last year.

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Banks will fight $8 credit card late fees

Wednesday, March 6, 2024

Amid all of the attention drawn to politics on Super Tuesday, when primary voters in 16 states and one U.S. territory made their preferences known, the Consumer Financial Protection Bureau finalized a rule that is expected to cut typical credit card late fees from $32 to $8.

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NAC fights ATM crime with new reporting tool

Tuesday, March 5, 2024

The National ATM Council unveiled its U.S. Secure ATM Database on March 5, 2024, the latest in a series of initiatives aimed at protecting the retail ATM ecosystem.

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GS interviews iCG Pay's Nikki Estes on new community reinvestment regs

Friday, March 1, 2024

The Community Reinvestment Act (CRA), enacted in 1977, requires federally insured financial institutions to meet the needs of all community members, including residents in low-income neighborhoods, through fair and equitable banking practices.

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