Velocimetrics, a developer of real-time business flow performance monitoring and analysis solutions, has expanded into the payments area with a new system developed from a custom solution built for a client.
Facebook’s mobile P2P payments service now is available throughout the U.S., the social media giant announced this week.
Square continues to diversify its revenue streams, recently adding electronic payroll to its roster of services for small and midsize business customers.
Spanish banking titan Santander and U.K.-based mobile banking firm Monitise today announced the formation of a joint venture to launch new fintech startups in their own backyards, using the companies’ combined strategic and technical resources.
Western Union is to install self-service kiosks in 300 of UK retailer WH Smith’s stores later this year. The kiosks allow customers to enter the details of money transfer transactions and then use the retailer’s self-checkout to pay.
EBA Clearing has published a blueprint document spelling out high-level business requirements for the pan-European instant payment infrastructure it hopes to start piloting in 2017 following consultation with a task force composed of more than 20 representatives of EBA Clearing service users.
BBVA Group has entered a multi-year agreement with Broadridge Financial Solutions) for a post-trade managed service to support its institutional fixed income business in the US. Under the agreement, Broadridge will provide an integrated managed service to support fixed income and repurchase agreement processing, international clearance and settlement and investor communications services
Cybercrime investigators from six European countries joined forces and recently busted a large gang of cybercriminals that had used malware in a widespread attack on online banking systems across the Eurozone, resulting in losses of at least €2 million (US$2.22 million), according to Europol, the EU’s law enforcement agency.
Wirecard this week has launched a mobile checkout development platform enabling retailers to boost the capabilities of their own apps by integrating open- and closed-loop contactless payments, P2P gifting, offers, merchant loyalty functionality and electronic receipts.
JPMorgan Chase is changing its policies to offer more customers access to mainstream payment services—and the company’s Liquid prepaid card will play a key role in the initiative.
Gift card exchange and Blackhawk Network subsidiary Cardpool is helping consumers turn their unused digital and plastic gift cards into charitable donations.
Consumers may be complaining a lot about financial services in general, but those complaining to the CFPB about prepaid make up about 0.19 percent of the 411,434 complaints in the agency’s Consumer Complaint Database.
eBay’s spinoff of PayPal has reached two key milestones with board approval and an announcement that PayPal will begin trading its own stock next month on NASDAQ under the stock ticker symbol “PYPL.”
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New payments options are springing up all over the place – except for the underlying infrastructure where current arrangement for access and governance may be a hinderance to innovation, according to the head of the UK’s Payment Systems Regulator.
The Supreme Court’s 6-3 decision to uphold tax credits for consumers in 34 states with federal health insurance exchanges as part of the Affordable Care Act (ACA) may not have huge implications for the benefit card industry.
A group of Canada’s major wireless carriers this week announced support for the NFC-based suretap mobile wallet, and with one major bank already on board, the move looks like a watershed moment for telco-led mobile wallets, which generally have struggled to catch on elsewhere.
The Indian government’s efforts to shift the country’s economy away from cash have taken a significant step forward.
The Chinese renminbi continues to gain ground internationally as more banks adopt the currency, propelling its position into the top five global payment currencies worldwide, according to the latest batch of data from Swift.
The NBPCA has announced that Brad Fauss has been elected to serve as its new president and CEO.
Brian M. Axell has joined the law firm Lindquist & Vennum LLP as partner in the financial institutions practice in the Minneapolis office.
MasterCard has appointed Hiang Choong as division president, Hong Kong, Macau and Taiwan, and two co-presidents for the Asia-Pacific region, Singapore-based Ling Hai and Ari Sarker.
Square Inc. has announced that business leader, philanthropist and basketball hall of famer Earvin “Magic” Johnson will join its board of directors this summer.
TSYS has promoted Keith Pierce to executive vice president for relationship management.
Virtual Piggy Inc. has appointed Phillip Manning and Dale Jensen, to its board of directors.
Visa Inc. announced that its board of directors has elected Lloyd A. Carney as an independent director, who will serve as a member of the board’s audit and risk committee.
Traxpay, a B2B payments solutions provider, has appointed Jochen Siegert chief operating officer.
Green Dot Corp. and Walmart have recommitted to their fruitful relationship for another five years, and though the companies are mum on the details of their revenue-sharing arrangement, the deal enhances the outlook for the iconic financial services provider.
Chinese e-commerce giant Alibaba has invested millions in various online marketplaces in the U.S., but this week it announced plans to sell its 1-year old U.S. online marketplace 11 Main to OpenSky.
Gyft, a San Francisco-based mobile gift card company and subsidiary of First Data Corp., has partnered with Chain, an application program interface (API) developer, to create a gift card trading platform that uses blockchain technology.
The afternoon sessions at the Banking Technology Forum 2015 focused on mobile payments, the data dilemma, cyber-security and regulation with speakers from Zapp, GSMA, EY and many others
Coffee kings Dunkin’ Donuts and Starbucks are racing to see who can get consumers their caffeine fix fastest by streamlining mobile ordering and payments in their respective apps.
Texas Attorney General Ken Paxton has filed a lawsuit against bankrupt RadioShack Corp. to help ensure consumers in the state receive their collective $43 million in unredeemed gift cards.
The U.K. Law Commission is exploring ways to protect gift card holders in the event of retailer insolvency and is requesting comments on its proposals by Sept. 17.
Swift has brought the management of its Americas, UK, Ireland and Nordics units under one head following the decision of Chris Church, chief executive of Swift Americas and global head of securities, to leave after seven years with the industry consortium.
Identity verification by financial institutions is necessary—but it doesn’t have to be a necessary evil. Combining mobile technology with knowledge-based authentication can help improve activation rates with a process that’s simple for the cardholder and secure. Here’s how.
As the consumer demand for remote login and flexibility continues to rise, organizations are struggling to find and deploy authentication methods that are effective, easy to use, impervious to theft and scalable. Say hello to biometrics.
Mobile shopping is growing fast in the Asia-Pacific region, according to a newly released study by MasterCard.
A growing number of consumers are eschewing traditional checking accounts in favor of GPR prepaid cards in large numbers, according to a report by CardHub, a search tool owned and operated by Evolution Finance that assists consumers in searching for, comparing and applying for payment cards.
London has been selected as the host city for Sibos 2019 following a successful bid by ExCeL London and London & Partners, the official promotional company for the city.
