CGI’s Jerry Norton – Interview at Payments International 2015
David Bannister, Editor at Banking Technology, interviews Jerry Norton, Head of Strategy UK Financial Services, CGI.
PayTech
US looks to learn from other markets on faster payments
The UK Faster Payments experience is providing some guidance for the US Federal Reserve’s efforts to move beyond its slow ACH system, but it should take a different approach, according to a speaker at the Nacha Payments 2015 conference in New Orleans this week.
Expert: Apple Watch Likely to Be Apple’s Most Profitable Product Ever (April 21, 2015)
The Apple Watch will be Apple’s most profitable product line ever, with gross margins exceeding 60 percent, according to some observers.
Cachet Targets Millennials with Apple Watch (April 21, 2015)
Attracting millennials requires a better banking experience and Apple Watch may hold the key, according to Minneapolis-based mobile money technology provider Cachet Financial Solutions, which today announced its prepaid mobile platform supports Apple Watch.
Samsung’s Biometrics Plans Go beyond Samsung Pay (April 21, 2015)
Samsung has even larger plans for biometrics beyond including fingerprint-based authentication as part of its Samsung Pay mobile payments service.
ICICI Bank Introduces Contactless Payments at Large Corporate Campuses (April 21, 2015)
India’s largest private bank is exploring contactless payments in a limited rollout to corporate campuses that enables employees to use a mobile prepaid account to make NFC payments at corporate canteens and shops.
300 organisations vie to join Fed faster payments task force
More than 300 organisations have applied to participate in the US Federal Reserve’s task force for faster payments, Sean Rodriguez, senior vice president for industry relations at the Chicago Fed, said yesterday at the Nacha conference in New Orleans.
Real-time payments: the next frontier
Customer driven innovation is powering change in the payments industry. Real-time Payment infrastructures (RTP) – whether they are called Faster Payments, Immediate Payments or same-day clearing – are now a reality, with many countries having implemented RTP functionality, and others actively considering the imminent roll-out of RTP projects in their domestic market.
Report: Apple Pay Coming to Canada (April 20, 2015)
Apple Inc. is negotiating with Canadian banks to bring Apple Pay to Canada as early as November, with details about fees and security protocols at the center of discussions.
PayPal on Security: Thinking Outside the Box, Inside the Body (April 20, 2015)
Jonathan LeBlanc, global head of developer advocacy at PayPal, says the future for mobile payments and other sensitive transactions could lay with embeddable, injectable and ingestible devices.
CFPB Consumer Finance Research Conference May 7-8 (April 20, 2015)
The CFPB is holding a conference next month that it says will focus on high-quality consumer finance research, with academic and government experts presenting data.
Viewpoint: Canada’s Regulation of Mobile Payments: Merchant Protection at the Cost of Innovation?
Some of the most significant changes to Canada’s Code of Conduct for the Credit and Debit Card Industry affect the rights of merchants regarding mobile and contactless payments. Will the updated Code have the unintended consequence of disincenting investment in and adoption of innovative payment technologies in Canada?
Interview: Patrick Griffin, EVP Business Development, Ripple Labs
At the Recent Payments International conference in London, Patrick Griffin, EVP Business Development at RippleLabs talked to Banking Technology editor David Bannister about the technology and puts paid to some misconceptions about the Ripple protocol.
UK mobile banking set to double to £3.4 billion a week
The number of UK mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, according to a new report commissioned by Fiserv. Online banking is still growing too, the research found.
Volante lays Foundation for faster payment systems integration
Financial messaging and data integration specialist Volante Technologies has taken a step into the world of packaged products with the launch of VolPay Foundation, a development platform “designed to ease the challenges of payment integration and payment processing projects”.
Out with the old in New Orleans?
Innovation in a mobile real-time world will be to the fore in the discussions as the US payments industry gathers at Nacha Payments 2015 to consider the opportunities and challenges against a background of rapid technological and regulatory change. What can those embarking on project learn from those who have already been there?
Senate’s Tax Refund Fraud Bill Takes Aim at Prepaid (April 16, 2015)
Several U.S. senators used income tax season to promote new legislation that takes aim at program providers that enable consumers to receive their tax refunds on prepaid cards.
InstaMed Integrates Apple Pay for Consumer Health Care Payments (April 16, 2015)
Apple Pay is expanding its reach to the health care sector, where InstaMed has integrated the mobile payments service as an option for consumers making payments to hospitals, clinics, doctors’ offices and insurance companies.
Discover Adds ‘On/Off’ Switch to its Cards (April 16, 2015)
Discover cardholders who have temporarily misplaced their cards or suspect fraudulent activity on their accounts now can shut off their credit cards with Discover’s Freeze It security feature.
World Bank Reports 20 Percent Drop in Unbanked Since 2011 (April 16, 2015)
The world’s unbanked population plummeted by 20 percent between 2011 and 2014, as 700 million adults became account holders, according to a new report from the World Bank.
Target Reaches Data Breach Deal with MasterCard (April 16, 2015)
Target will pay $19 million to MasterCard issuers to cover costs stemming from the retail giant’s 2013 data breach.
NCR offers cloud control for Android-based ATMs
NCR has announced a radical new approach to ATM network deployment, with cloud-based enterprise application allowing banks to control and manage thin-client devices running a locked-down version of the Android operating system.
RBC makes first cross-border payment on Canadian RMB Trading Hub
Royal Bank of Canada has made the first cross-border Renminbi payment on Canada’s new RMB Trading Hub through the hub’s designated clearing bank, Industrial & Commercial Bank of China (Canada).
Report: American Express, Jawbone to Launch NFC Fitness Band (April 15, 2015)
American Express Co. is getting in on the expanding niche of wearable technology.
Canada’s Code of Conduct Expands to Include Mobile (April 15, 2015)
Canada’s Financial Consumer Agency this week has released amendments to Canada’s code of conduct for credit and debit card transactions that extend to mobile payments.
Bento Goes Outside the Box with SMB Prepaid Solution (April 15, 2015)
A new startup headed by longtime payments veteran Farhan Ahmad is seeing big opportunity in small businesses.
People on the Move: Stephen Grice, i2c Inc.
i2c Inc., a provider of payment processing and emerging commerce solutions, announced that Stephen Grice has joined the company as general manager, Europe.
People on the Move: Neil Erlick, Fantasy Sports Trade Association Board
Optimal Payments Plc, an online payment solutions provider, announced that Neil Erlick, executive vice president of business development, has been elected to serve on the board of directors of the Fantasy Sports Trade Association.
People on the Move: Emily Baum, Declan Byrne and Dr. Hartwig Gerhartinger, PIF Board
Prepaid International Forum, the not-for-profit body representing the prepaid industry, has elected three new members to serve on the board.
People on the Move: Kerry Penfold, Raphaels Bank Board
Raphaels Bank has appointed Kerry Penfold to its board of directors.
People on the Move: Daniel Issen, YapStone
YapStone, a provider of Web and mobile payment technology solutions for large vertical markets and online marketplaces, has announced the addition of Daniel Issen as chief technology officer.
i2c Gets Face-to-Face in Europe with U.K. Office
i2c Inc. is bolstering its European business by putting “people on the ground” and opening a London office.
5 Signs Microsoft Will Launch Payments Service (April 14, 2015)
More signs point to the fact that Microsoft is preparing to brand its own payments service, but the tech giant’s approach could be much different than that of mobile wallet rivals Apple Pay, Samsung Pay and Google Inc.’s Android Pay, some observers suggest.
Blackhawk GoWallet Makes Checking Balances, Redeeming Gift Cards a Snap (April 14, 2015)
With Blackhawk Network’s GoWallet mobile app, consumers now are able to determine gift card balances by taking photos of their cards.
Ingo’s Hot Streak Continues with $13.5 Million Funding Round (April 14, 2015)
Fresh off a major acquisition and a 2015 Paybefore Award for Breakout Company of the Year, Ingo Money’s big year continued with this week’s closing of a $13.5 million funding round. Baltimore-based private equity firm Camden Partners co-led the round with venture capital firm MissionOG.
Paybefore Unveils European Awards Winners
Paybefore announces the winners in its fourth annual Paybefore Awards Europe competition, honoring the best programs and companies operating in prepaid and emerging payments across Europe. Winners represent companies entering the European market from the U.S., Asia, South Africa, Germany, Gibraltar, Italy and the U.K.
PayPal and eBay Forge Agreement to Go Forth as Friendly Competitors after Split (April 13, 2015)
PayPal will expand its competitive reach when it flies solo after its planned spinoff from parent eBay later this year. The deal guarantees certain protections and continuity for both companies, but it also underscores the heightened stakes in the e-commerce and digital payments industries.
Amex ‘Facing’ the Future of M-Payments with Biometrics Plan (April 13, 2015)
Biometrics continue to make inroads into payments, with American Express testing new technology that uses facial recognition to authenticate mobile transactions.
The Time is ‘Now’ for Funds Transfers Say BBVA Compass, Dwolla (April 13, 2015)
The momentum around faster payments continues to build with BBVA Compass becoming the largest financial institution to use the Dwolla platform, which eliminates the customary two- to five-day wait associated with ACH transfers.
Blog: There Aren’t Enough Startups
Forget the hand-wringing over a possible crash in Silicon Valley from a tech startup bubble-burst. What we need are more startups to feed deep-pocketed corporations starved for innovation.
