Mobile

Australia Post taps i2c for digital payments push

Australia Post is partnering with processor i2c Inc. to “expand and modernize” its digital payments offerings. Under the pact, the Australian postal service will use i2c’s Agile Processing platform to roll out enhanced digital functionality for its payments products, including the Load&Go GPR Visa card, along with gift, multicurrency travel and corporate incentive cards. The i2c platform also will underpin future financial services products from Australia Post.

Philip Morris Test Promotes Blockchain Payments in Poland

Moving incentives to virtual prepaid cards is an important trend, but Philip Morris International is taking its incentives a step further with blockchain. The cigarette company and fintech firm Billon Group reportedly have completed a test replacing prepaid cards with the distributed ledger technology, enabling digital and mobile payments.

Concardis brings Alipay to Austria and Switzerland

German payment service provider Concardis is bringing Chinese mobile payment solution Alipay to Austria and Switzerland. Clothing brand Gössl will be the first merchant in Austria to let Chinese citizens pay via smartphone and the Alipay app. The roll-out in the Swiss market is planned for October this year. In Germany, Concardis says it has […]

SunTec system fits the bill for Amex business travel

American Express Global Business Travel (GBT) has opted for SunTec’s Xelerate billing system for its corporate clients. According to SunTec, its platform can onboard new geographic regions and “weaves data locked in various legacy and modern billing systems” to create relevant offers for American Express GBT’s corporate clients. Michael Konstas, VP of billing strategy at […]

Green Dot Aids Apple’s Bid to Bite into P2P

Apple has made a bold foray into the P2P money transfer market—and Green Dot is helping the tech giant in its bid to unseat Venmo and other established players in the increasingly crowded space.

Saving and investing service Moola launches

After 18 months of development, UK-based online saving and investing service Moola has launched. The firm says there are 5.4 million “mass affluent people in the UK who have no access to financial advice, but disposable income and a desire to save and invest”. It wants to tap into that market by doing the “hard […]

Apple

Apple squares up to rivals with Pay Cash feature

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) payments market. In a range of updates to its mobile operating system, iOS 11, new features to the iPhone and iPad are coming this autumn. Apple Pay users will be able to make […]

CIBC launches free mobile credit scores in Canada

Canada’s banking group CIBC, fintech firm Borrowell and Equifax Canada have unveiled a free credit score for mobile banking users – a “first for a major Canadian Bank”. The credit score is accessed through the CIBC mobile banking app, and clients can get their Equifax credit score which will be updated quarterly, allowing them to […]

LG Electronics unleashes mobile payments in South Korea

Watch out Samsung Pay, but South Korean titan LG Electronics has unleashed its mobile payment service in the country. Called LG Pay, it will be offered first as a service that allows users to pay offline in the same way as a credit card. Its use is limited at the moment to Shinhan, KB, BC […]

GPS Captures Contactless Lightning in a Bottle

You’ve heard of wearables—now meet “drinkables.” Global Processing Services (GPS) is helping support a new energy drink marketing campaign featuring special bottles equipped with contactless chips, each preloaded with a credit for a trip on the London Underground. The campaign for the Lucozade Energy brand launched last week, with bottles distributed free at major London train stations and commuter hubs.

Payments Firm Tilt Wilts

Following Airbnb’s acquisition of crowdfunding and social payments startup Tilt in February, it is now being wound down.

Abcul perseveres with Model Credit Union project

The Association of British Credit Unions (Abcul) says it is making progress with its Model Credit Union initiative, to modernise the tech and operations of its members. Three credit unions are now live with new core and mobile banking software.

Android Pay arrives in Taiwan

Android Pay has now launched in Taiwan and users can add an eligible Visa or Mastercard credit card from one of its supported banks, including CTBC and First Bank. It will have the usual rivals – Apple Pay arrived in Taiwan in March this year, while Samsung Pay was launched across the island nation just […]

Yolt Logo

ING’s Yolt money app beta launches in UK

With an intended jolt and volt of energy, Yolt, a new money platform backed by ING, has launched its open beta for iOS and Android in the UK. The app has been tested in closed beta since October last year, and is now ready to invite more people to the platform. Yolt enables users to […]

Banking Technology June 2017 issue out now

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Square Launches Virtual Terminal Service in U.K.

About two months after launching in the U.K., Square has introduced its Virtual Terminal service there. The technology enables merchants to accept payments through the Square dashboard, an appealing prospect for online service providers, contractors and other smaller firms that do relatively few face-to-face transactions.

OCBC Bank unveils first standalone mobile payments app

Singapore’s OCBC Bank has launched its first standalone mobile app for QR code cashless payments at nearly 2,500 NETS terminals. The new OCBC Pay Anyone app brings together all its Pay Anyone services – peer-to-peer e-payments, QR code payments, and integration with Siri and iMessage – into one place. Pranav Seth, OCBC Bank’s head of […]

Till left with no part in Barclaycard pocket checkout

Barclaycard has begun trialling a new payment concept that lets consumers scan and pay for their shopping using their smartphone, without the need to visit a physical checkout. Called Grab+Go, it’s the firm’s plan to turn a smartphone into a “pocket checkout”, allowing users to scan the items they want to buy as they pick […]

Android Pay to launch in Canada

Android Pay is set to launch in Canada on 31 May, according to sources that gave news site MobileSyrup internal documents. MobileSyrup says there are still a number of questions that need to be answered regarding the payment service, “including specific bank partners and how setting up the payment platform with a Canadian debit and […]

U.S.-Based Ebix Buys Majority Stake in India’s ItzCash

Indian payment solutions provider and Pay Award-winning ItzCash Card Ltd. has a new main backer. U.S.-based Ebix, which sells on-demand software and e-commerce services, has taken an 80 percent stake in the company for $120 million.

Android Pay launches in Russia

Android Pay has now landed in Russia and can be used with an eligible Visa or Mastercard credit or debit card from a supported bank. The supporting banks are AK BARS, Alfa-Bank, B&N Bank, MTS Bank, Otkritie, Promsvyazbank, Raiffeisen Bank, Rocketbank, Russian Standard Bank, Russian Agricultural Bank, Sberbank, Tinkoff Bank, Tochka, VTB24 and Yandex.Money. There […]

UK challenger CivilisedBank gets banking licence

UK digital bank CivilisedBank has received its banking licence from the Bank of England, paving the way for it to build its infrastructure and launch to customers in early 2018. As Banking Technology reported in June last year, the bank submitted its banking licence application and had planned to open for business in early 2017. […]

Google Casts a Wider Net for Payments

Google has a new plan to become a bigger player in payments. The search engine and web marketing giant said that it’s enabling merchants and developers to “turbocharge checkout conversion” by making it easier for consumers to use the credit cards and debit cards stored with Google.

Xinja drops ninja mode to reveal new mobile-only bank

Australia-based Xinja has emerged from the shadows to unveil its plans for a mobile-only digital bank. Xinja has raised in excess of AU$2 million ($1.5 million) in its first-round funding to launch a pre-paid debit card as a precursor to establishing Australia’s first fully digital, independent “neobank” built for mobile. The bank will have no […]

paypal

PayPal gets its fingers all over Google Chrome’s shopping

Android Pay users on Google Chrome mobile web can now pay online using their PayPal account and their fingerprint – without needing to enter in their username or password. As reported last month, Google inked several deals with PayPal (and banks) to advance its Android Pay, and this latest partnership expands it even more. Bill […]

Payments round-up: 18 May 2017

Words cut. Time saved. A round-up of key events in the payments enclave. Featuring Australian Settlements Limited, IBM, Mastercard, UnionPay International, Visa and Wirecard. Financial services provider Australian Settlements Limited (ASL) has adopted IBM Cloud for its new payments platform (NPP) implementation. ASL provides members, including building societies, credit unions and mutual banks, with settlement […]

Trio triumph in Innotribe’s African start-up challenge

Innotribe, Swift’s innovation arm, has revealed the three winners of its third 2017 Startup Challenge for Africa in Abidjan, Ivory Coast. Each start-up receives a €10,000 cash prize and will share their insights about innovation in Africa at Sibos in Toronto. The trio are: IroFit Technologies – offers small businesses processing for in-store mobile/card payments […]

Paytm to launch payments bank next week

India’s Paytm has at last got final approval from the Reserve Bank of India (RBI) and is set to unveil its Paytm Payments Bank on 23 May. The bank was set to launch in August 2016, and teamed with IT services integrator Wipro for its plan. No reasons were given for the delay. As reported […]

Mobile money could make Africa the new boss

Samsung Pay has officially launched in the UK, continuing the evolution of the digital economy, but does this technology have the potential to disrupt the global pecking order?

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