Payment Systems Regulator (PSR) and Bank of England have revealed that the U.K. will be getting the New Payment Systems Operator by the end of 2017, which the PSR says will be an important step in streamlining the U.K.’s payment systems and fostering competition and innovation.
The Payment Systems Regulator (PSR) and Bank of England (BoE) have revealed that the UK will be getting the New Payment Systems Operator (NPSO) by the end of 2017. The duo says that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver what was asked and so with the NPSO […]
As big data just keeps getting bigger, banks, retailers and every other kind of company must have more sophisticated tools to understand and predict what customers want and need.
If you’re trying to cater to millennials, you need to understand how they think and feel about money.
Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.
Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.
Bob Raffo Jr. has joined the Pay Award-winning prepaid program manager and processor FirstView Financial as president and CEO.
Forget facial scans or a watch that’s not tethered to the phone. If you’re a bank or payments company, you’d best be looking at Apple’s plans for the transformation of retail.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
The introduction of new bond requirements for money transmitters in Pennsylvania is in line with an overall trend across states to enforce stricter conditions on money transmitter license holders and applicants. See what the licensing requirements mean for your business.
There’s a new fintech challenger in town. Toronto-based STACK announced its partnership with Mastercard two weeks ahead of the beta launch of its mobile financial services app and companion prepaid card.
Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
European Banking Federation (EBF) has published its annual update on the banking sector in Europe. According to the EBF findings, staff numbers and branches in the European banking sector continued to shrink in 2016, while Eurozone deposits and loans grew slightly.
Banking by the numbers in the EU, with key facts and figures from the European Banking Federation, including stats on which fintech is getting the love from big banks.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
EXCLUSIVE: Banking tech vendor Technisys has landed two new deals for its flagship core banking system, Cyberbank Core, and digital channels software, Cyberbank Omnichannel.
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
At the recent G20 meeting in Germany, Financial Stability Board (FSB) briefed leaders on its efforts to arrest the decline in correspondent banking relationships. FSB also presented the results of a survey of more than 300 banks in 50 countries, supplemented by Swift payments data, which showed that the number of correspondent banking relationships continues to decline globally.
Money is the honey keeping fintech sweet. Our latest funding round-up features Linxo, Rubique and TNG. French start-up Linxo, which offers a budget management app, has raised €20 million from Crédit Agricole, Crédit Mutuel Arkéa and MAIF (a mutual insurance firm) – bringing the funds raised since its launch to €23.2 million. MAIF is a […]
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
Fintech startups continue to make headlines with investments and accolades. Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Tim Rogers, engineer at London-based start-up GoCardless, asks do we need to kill screen scraping? If you work in this industry you’ll […]
Another day, another acquisition—this time with a focus on card-linked offers. London-based Collinson Group, on Sept. 8 announced it’s purchasing “a number of assets” from Boston-based Linkable Networks, including Linkable’s card-linked-offers platform.
After his first few months at the helm of the Network Branded Prepaid Card Association, Brian Tate talks about prepaid’s role alongside fintech in the next generation of payments innovation.
After two years of stealth technology development and $3.6 million in venture capital backing, New York City-based Petal has announced a credit card that uses machine learning to underwrite customers instead of traditional credit scores.
Payfont, an Edinburgh-based paytech company, has gone bust. Business advisory firm Johnston Carmichael has been appointed as administrator.
Despite calls from fintechs to permit screen scraping under PSD2, the FIDO Alliance sees some serious flaws with that approach, including security and privacy issues.
Epipoli, the Pay Award-winning Italian gift card distributor with a network of 50,000 stores, has acquired 100 percent of social shopping and offers company Groupalia from entrepreneur Andrea Gualtieri.
Mobile point-of-sale pioneer Square Inc. is applying for an Industrial Loan Company (ILC) charter to support the expansion of its lending business, the volume of which grew 68 percent year-over-year in Q2 to $318 million.
This week Apple Pay celebrated its third birthday, and ACI Worldwide and Aite Group released data on rising mobile wallet usage, indicating that consumers in the U.S. and Europe are starting to catch up with those in Asia and Latin America where mobile wallets dominate.
From immaturity to security, our latest blockchain and Bitcoin round-up features the European Central Bank, Bank of Japan, the People’s Bank of China, Bank Hapoalim and Microsoft. It’s happened before and it will happen again, but distributed ledger technology (DLT) has come into some criticisms in relation to payments. In a dark duet, the European […]
The U.S.’s No. 2 remittance provider is expanding its MoneyGram MobilePass service to its entire U.S. network of 35,000 agent locations.
The incentive trade group has named a new president and board members for 2017-2018.
Baton Systems, an on-demand platform for clearing, settling and managing payments between financial institutions, has appointed former Citigroup Vice Chairman Lewis B. Kaden to its advisory board.
More than a year after Capital One unveiled the feature, US Bank customers still are among the first in the US to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command to an Amazon Alexa device.
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.
More than a year after Capital One unveiled the feature, U.S. Bank customers still are among the first in the U.S. to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command to an Amazon Alexa device.
Banking platform SolarisBank has chosen Italy-based SIA to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions in Germany. SIA’s technology platform will manage the processing of transactions made using payment cards issued by the bank for its clients. The infrastructure, supporting the launch of new […]
As some celebrate 10 years of contactless payments, Bastian Knoppers discusses why cards (not mobile wallets) are still king outside the U.S. and what it will take for the U.S. to catch up to the rest of the world on tap-and-go payments.
