McDonald’s is embracing PayPal at the POS in all of its French locations, after a successful pilot with the San Jose, Calif.-based payments company. The Oakbrook, Ill.-based fast food giant McDonald’s Corp. said its mobile payment program with PayPal will be live in all of its restaurants in France by the end of the year, […]
Ubiquity Global Services has raised more than $4 million in Series B funding from existing investors to support its global expansion and additional technology investments, the business process outsourcing company announced yesterday. The funds also will be used to scale operations to keep pace with the growth and customer demand since Ubiquity’s founding in 2012, […]
It’s official; Blackhawk Network’s purchase of corporate incentive and promotions provider InteliSpend Prepaid Solutions has closed, with InteliSpend now operating as a business unit of Blackhawk. First announced in October, the all-cash acquisition was billed by Blackhawk as a way to capitalize on the “great synergies” between Blackhawk’s own retail gift card partners and InteliSpend’s […]
Three years after its initial unveiling, the Isis digital wallet has finally rolled out nationwide but Isis faces numerous competitors and a lingering uncertainty over NFC payments.
Bitcoin grabbed headlines again this week—following a flurry of other recent developments—with the news that Raj Date, former deputy director of the Consumer Financial Protection Bureau, joined the board of a company devoted to helping the virtual currency go mainstream.
Large exchange groups face a backlash from businesses trying to raise capital if they do not change to address this part of their function, leading to the emergence of private equity markets and more political interference and protectionism.
Start-up financial analysis company Kenshō is planning to become the first professional analytics platform built completely on Nasdaq OMX’s FinQloud cloud computing platform, which is powered by Amazon Web Services.
New OCC guidance reminds financial institutions that third-party oversight is where it’s at.
Arab Investment Bank Egypt has chosen Temenos T24 as its technology platform as it draws up its expansion plans for North Africa’s largest economy.
Compliance concerns are causing nearly one-third of banks to turn away business, according to a new report from Aite Group.
Bulgaria’s DSK Bank has launched a mobile savings application called DSK Gameo, which is designed to encourage customers to save by making banking more fun, while helping the bank better understand its user-base.
The cost to consumers of using a reloadable prepaid card continues to decline, while direct deposit-based checking accounts on average cost more than twice that of direct deposit-based GPR cards, suggest the results from the fourth annual “Analysis of General Purpose Reloadable Card” study released today. Bretton Woods Inc. compared a broad range of checking […]
Prepaid product and transaction services provider InComm is giving retailers a new way to offer gift cards to their customers via mobile device.
An agreement announced today between Telecom Italia and Visa Europe will bring mobile payments capabilities to more than 31 million Telecom Italia Mobile (TIM) customers throughout Italy, enabling them to make contactless payments using certain NFC-equipped smartphones at POS terminals across Europe.
Merchants using Square for payment card transactions no longer will have the option of paying a flat monthly rate to process payments, effective Feb. 1, 2014.
LCH.Clearnet’s ForexClear service has cleared its first trades through a partnership with pre-trade risk and post-trade processing company Traiana, which matched and affirmed the FX derivative client trades using its Harmony CCOP Connect service.
Swansea Building Society has just upgraded its lending and saving platform to the latest version of vendor Sopra Banking Software’s mortgage and savings suite – a move that it says will help it to handle its regulatory reporting obligations much more effectively and launch new products quicker when needed.
Global funds network Calastone has signed up Austrian private bank Semper Constantia to take up its order routing services.
It’s unclear whether the prepaid industry will have the CFPB’s proposed rules for GPR cards by Dec. 31, or if the wait will extend into 2014.
Olympic boxer José Carlos Ramirez is lending his name and image to a new prepaid card from Global Payout Inc. The JC Ramirez Prepaid Discover Card has no minimum balance fees and offers instant account alerts via text message or email as well as a special security feature that enables a cardholder to turn the […]
Mobile network operator Orange is teaming with Visa Europe in a strategic partnership to roll out its Orange Cash NFC-based mobile payments in France in the latest example of a prepaid card-based approach to contactless payment.
Bitcoin has been making news on a regular basis recently as lawmakers and businesses around the globe deal with the virtual currency’s rapid rise. The past few days have added to the frenzy with a flurry of developments that could help shape Bitcoin’s future. Late last week, the Federal Election Commission (FEC) indicated it could […]
The European Commission has rejected a request from the European Securities and Markets Authority to delay the reporting of exchange traded derivatives, with the effect that all derivatives trades will have to be reported to registered trade repositories from 12 February next year.
French operator group Orange has formed a strategic partnership with payment provider Visa to accelerate awareness and everyday usage of contactless payment technology in France. The operator has also launched a mobile prepayment solution called Orange Cash in the country.
Deutsche Bank has chosen Kim Hammonds as chief information officer and global co-head of group technology and operations. Hammonds joins on 25 November from Boeing, where she was chief information officer.
Mobile phone-based payment solutions will eclipse cards by allowing bank customers to pay directly from their accounts, says a PKO Polski executive.
ICAP and Interactive Data Corporation have begun a collaboration aimed at making pre-trade price information more easily available for institutional investors and risk managers.
Standard Chartered Hong Kong has opened its first ‘digital’ branch, in which customers are greeted by giant screen TVs, the bank’s mobile apps in a special experience zone, and QR code scanning on an iWall, as well as e-signature pads and virtual queuing.
San Francisco-based Square Inc.—one of many m-POS device providers, but the company with arguably the greatest name recognition—created buzz this week after a report that Square CEO and co-founder Jack Dorsey might take the company public.
Payroll card industry participants should brace for more potential negative news as lawmakers and plaintiffs’ attorneys around the U.S. continue fishing for outlier examples of payroll card abuse, observers say. The industry’s antennae shot up earlier this week when Pennsylvania lawmakers followed through on an earlier promise and proposed legislation to ban payroll cards. Separately, […]
U.S. Bank, lead bank of U.S. Bancorp and one of the first big banks to roll out a prepaid GPR card, this week has launched the Visa-branded U.S. Bank Contour Card. “General purpose reloadable cards appeal to a broad demographic, from customers who have bank accounts and want to segregate certain types of spending to […]
The U.S. travel industry has a new inroad into the world’s top-spending travel market, now that UATP—a travel payment network owned by a consortium of airlines—is working with Chinese cross-border payment provider Alipay. The pact enables American airlines, hotels and other travel businesses to connect to the more than 800 million Chinese account holders on […]
Canada seems poised to become the next battleground in the mobile wallet wars with a pair of new wallets joining the fray—one from a telecom provider, and the other from a team of banks.
Data specialists Volante have launched their SEPA Accelerator, a tool designed to help companies comply with the upcoming Single Euro Payments Area, which takes effect on 1 February 2014.
Polish IT specialist Comarch has launched a host-to-host banking solution designed to allow corporates to issue bank instructions directly from their enterprise resource planning software.
Mobile payments company Skrill has launched a mobile app that it says can send money to anyone, anywhere in the world at any time. The app has several uses, including cross-border remittance payments to various countries in eastern Europe and around the world.
Standard Bank of South Africa has launched a major expansion drive in West Africa, starting with the opening of a new representative office in the Côte d’Ivoire. The bank plans to use the Abidjan office to become familiar with the region and identify further opportunities within it.
Issuers or program managers that focus marketing efforts on the savings that can be achieved through HSAs could increase account take-up and improve the profitability for those accounts at the same time.
Las Vegas hosted the 21st Annual ATM, Debit & Prepaid Forum last month, where industry stakeholders were abuzz about monetizing mobile and big data and, surprisingly, credit.
The UK High Court has ruled against Barclays in a case brought by remittance provider Dahabshiil, granting an injunction preventing the bank from closing Dahabshiil’s account.
