Facebook’s P2P Plans Come to Light (Oct. 7, 2014)
Facebook looks to be planning to add a money transfer function to its Messenger app—and the social media giant reportedly already has installed the underlying code to the popular messaging service.
Facebook looks to be planning to add a money transfer function to its Messenger app—and the social media giant reportedly already has installed the underlying code to the popular messaging service.
Dunkin’ Donuts plans to launch a new service that enables customers to order ahead and prepay for menu items via their smartphones, then visit a store location to pick up their orders.
Chinese e-commerce giant Alibaba Group has moved further into financial services now that its affiliate Alipay, an online payments platform provider, received approval to establish a privately owned bank.
Carrier billing specialist Boku Inc. has acquired one of its largest competitors, Germany-based mopay.
More than 7,500 Walgreens and Duane Reade drugstores throughout the U.S. now offer Western Union domestic and international money transfers through touchscreen kiosks that are part of the Walgreens Balance Financial platform.
A trio of major U.K. mobile network operators—including O2, EE and Vodafone—has partnered with carrier billing specialist Boku Inc. to enable mobile phone customers in the U.K. to charge the purchase of physical goods and services up to £30 (US$48) to their phone bills.
Mobile payment provider Square has landed $150 million in new venture capital in a funding round valuing the company at around $6 billion, and financial app developer Yodlee Inc. raised $75 million in its initial public offering last week.
New Jersey legislation (A3480) introduced last June, which would eliminate the need to collect consumer data when purchasing GPR prepaid cards, was advanced last week by the Assembly Consumer Affairs Committee and has been referred to the Assembly Appropriations Committee.
Digital gifting has become a cornerstone feature for many retailers—but a few merchants are going above and beyond what have become standard features and functionality.
MasterCard has launched SafetyNet, a global tool for banks and processors to mitigate the risks of cyber hacking.
A segment of tech-savvy, mobile-minded consumers comprising more than $1 trillion in deposits could represent a major opportunity for FIs, according to a new report.
This year marks the tenth anniversary of World Payments Report. In this extract from the report, which was launched at Sibos this week, the impact of innovation on payments is examined.
Softcard has extended its reach to the self-serve laundry business.
Noncash payments are estimated to have increased by 9.4 percent last year, reaching 366 billion transactions, according to a new report from Capgemini and Royal Bank of Scotland.
Large retailers and financial institutions aren’t the only victims of fraudsters on the prowl for payment card data.
eBay Inc.’s board of directors will separate the online auction Website from subsidiary PayPal next year, making two independent, publicly traded companies.
Technologies from Card Compliant aim to help prepaid issuers manage the regulatory and compliance challenges presented by accounting standards and escheatment requirements.
Prepaid product and technology provider InComm has partnered with Merchant Customer Exchange (MCX), the retailer-led consortium that recently unveiled its new mobile payments network, CurrentC.
Minneapolis-based remote deposit capture specialist Cachet Financial Solutions has expanded its partnership with Ingo Money Inc.
Sepa Consultancy has launched the Intraday Liquidity Simulator, a liquidity dashboard solution that provides a timeline of events, outcomes and actions in multiple currencies.
The Presidency of the Council of Ministers, the European Union law-making body, has recommended tightening regulations regarding customer authentication and protection of sensitive payment data related to mobile wallets, according to its recently released proposal of the revised Payment Services Directive.
Australian prepaid provider Emerchants Ltd. has made a bold move into the European market, acquiring Store Financial Services UK for AUS$24.9 million (US$21.7 million).
The U.S. Commodity Futures Trading Commission will hold a public meeting next week to discuss Bitcoin and the CFTC’s jurisdiction regarding derivatives contracts that reference the decentralized digital currency.
Change is a theme at this year’s Sibos. But what type of change? A cross-section of delegates discuss what they think will be the main disruptive forces in their part of the business.
Blackhawk Network (NASDAQ: HAWK and HAWKB) today announced it’s acquiring Dallas-based consumer incentives firm Parago Inc., continuing an acquisition streak that’s advancing the prepaid and payments network’s reach into new markets within the corporate and consumer incentive space.
Green Dot Corp. (NYSE: GDOT) reinforced its position yesterday as a full-service financial products and services provider with the announcement of a nationwide rollout of GoBank, a checking account product available exclusively at U.S. Walmart stores.
It’s time to pick your categories to win in Paybefore Awards 2015.
Visa Inc. is bolstering its technology resources by creating 2,000 full-time technologist positions and opening a technology development center in India next year.
A key payments industry group is throwing its support behind tokenization—with a few caveats as to the hurdles that remain before broad industry adoption can occur, including coordinating different tokenization models.
After three years in “stealth mode”—and $30 million in venture funding—once-hot mobile payments startup Clinkle has finally launched, but with a drastically scaled back platform.
The Government Accountability Office (GAO) has determined that the CFPB must take additional measures to mitigate risk of “improper collection, use or release of consumer financial data,” according to a recently released report.
If you were watching 60 Minutes on Sunday night, your heart probably stopped during the story on “The Tax Refund Scam.”
Citi this week launched Citi Mobile Challenge, a global competition to facilitate new concepts among technology developers surrounding mobile banking and payments.
Electronic payments are growing fast in Nigeria, with the total volume of e-payments reaching a new high of N10.85 trillion (US$ 62.2 billion) in 2013, according to data from the country’s central bank.
Citi has launched a global mobile challenge that it says will help to inspire technology developers to reimagine mobile banking and payments. The bank plans to host a series of events in Miami, New York and Silicon Valley in November, after which finalists will get the chance to bring their product to market with help from Citi.
The U.S. Department of the Treasury’s Direct Express Debit MasterCard program now serves nearly one-quarter of the nation’s entire unbanked population, a recent cardholder survey confirms.