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Earnings Reports from FIS to PayPal Herald Point of Sale’s ‘New Normal’

PYMNTS

Management said that April was a record-breaking month for PayPal , as measured both in terms of enrollment and use, with the enrollment of 7.4 there have been early signs of recovery in April and May to date, with comparative transactions down in the low double digits, after declining nearly 30 percent in the last week of March.

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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

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Dodging Faster Fraud In A Same-Day ACH Environment

PYMNTS

According to Barnhardt, that puts pressure on beefing up the customer enrollment process. Many wrongly emphasize transactional monitoring over enrollment monitoring, because the transaction is the point of compromise. But Barnhardt emphasized a strong enrollment process can mitigate fraudulent transactions.

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Sizzle Or Fizzle: One Momentous Day in Payments

PYMNTS

With VocaLink added to its network assets, Mastercard has a way to spread its payments wings digitally, including enabling direct debit transactions, becoming the world’s interoperable faster payments and threading the regulatory needle in a market where interchange has been forced to pretty close to zero. million members. .

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ACH SEC Codes

Payment Savvy

ENR – Automated Enrollment Entry. CCD/CCD+ – Corporate Credit or Debit Entry. SHR – Shared Network Transaction. TEL – this standard entry class (SEC) code is used in single entry debit transactions in which the authorization is received orally, via a phone call.