Chase Bank Kenya endures four-day outage after tech migration
The transition to SMB Holdings’ new platform was most likely the cause.
Cards
Infographic: B2B e-commerce – England vs Sweden
PPRO Group has created (with its hands, not its feet) this cool infographic.
Quovo and Onist form honest financial partnership
It honestly happened in Canada.
Jumhouria Bank of Libya selects SmartStream for real-time control
SmartStream to provide intra-day reconciliations management.
Synchrony to buy PayPal’s consumer credit receivables
This frees up liquidity for PayPal. Hmmm?
Paysend gets $20m funding godsend
Led by MARCorp with help of existing investors.
Inspire FCU to deploy Nymbus core banking solutions
Nymbus will replace 15 technology vendors in the process.
Banking Technology Awards 2018: celebrating most innovative projects of the year!
Enter the awards by 31 August.
Latin lovers fonYou and Claro reveal AI-driven microfinance
Two telcos in lovely Latin American liaison.
Amex and Amazon ally in co-brand card game
One of the GAFA gang reveals its paytech plan.
Venmo shines brightly in debit card roll-out
The card’s beta is now closed, and the public roll-out has started.
American Express wins eight year-long court battle over antitrust issues
The lawsuit accused Amex of stifling competition.
Alfa-Bank Belarus moves to OpenWay’s digital platform
Payment cards and online services migrated.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
Barclaycard hunts for fintech and innovation director
Wants uplift and acceleration.
Visa reveals over 5m payments affected by June outage
Half of which were in the UK.
Brex unveils corporate card for start-ups
It also now has a total of $57 million in funding.
Contactless conquers cash in UK clash
UK Finance says convenience of debit card payments puts cash in second place.
Mobile banking app preps for Amaiz-ing UK launch
The website offers a free payment account without expiration date.
Visa Canada puts finishing touch on Finn AI’s chatbot banking
“Where is the closest ATM?” or “Please cancel my card”.
Ondot Sytems launches digital card services platform
Ready to be integrated into mobile apps.
First Data and Mastercard in digital disbursement duet
First Data’s disburse-to-debit solution will be available to Mastercard customers.
NatWest trials cardless payments for swift shopping
No need to use debit or credit cards.
Mastercard tackles faster payments in the UK, smart watches and open banking
Mastercard reaches out to Starling Bank, NXP, and prepares for open banking.
Paytech firm Marqeta raises $45m from Iconiq Capital and Goldman Sachs
Bringing Marqeta’s total funding to $116 million.
Caxton FX pilots direct payments with Token
Token facilitates direct payments for Caxton FX.
Survey on payment methods 2017 – Swiss National Bank
Survey on payment behaviour and the use of cash in Switzerland.
Money20/20 Europe keynote: the age of invisible payments (and apology from Visa)
Innovation benefits the entire ecosystem, states Visa Europe’s CEO.
Paytech heavyweights Nets and Concardis to merge
Paytech firms Nets and Concardis will merge but retain their own brands.
Switch launches CardSavr API for virtual cards
Solution for those looking to make the leap from plastic to virtual cards.
US mobile banking challenger Chime raises $70m
It also reached over one million bank accounts this month.
Infographic: high-cost credit – FCA findings and proposals
UK’s Financial Conduct Authority wants to protect people who use overdrafts and high-cost credit.
SIA is partial to First Data’s European card processing for €375m
Will acquire businesses in parts of Central and Southeastern Europe.
Infographic: card fraud – is biometrics the missing piece of the puzzle?
Thumbs up as Fingerprints is on hand to help with some pointers.
OCBC goes all Touché feely for biometric-based payments
All at the touch of two fingers.
PayTech Awards 2018: shortlist unveiled!
Who are the lucky finalists?
Cardlytics inks paytech deal with JP Morgan Chase
Also announces strong Q1 financial results.
CardFlight and Paya team for EMV-ready mPOS solutions
Enabling Paya to offer CardFlight’s SwipeSimple payment acceptance solutions to its merchants.
Capital One buys digital identity start-up Confyrm
“Scrappy little start-up” has made a difference.
VPBank vavooms with new digital credit card
Vietnamese bank’s consumer finance division offers MPlus+.
