Earthport expands to Bangladesh to deliver cross-border payments
Earthport, a cross-border payments service provider, has partnered with BRAC Saajan Exchange, the payments arm of BRAC Bank, to deliver cross-border payment services into Bangladesh.
PayTech
Payments round-up: 23 November 2017
Coming straight after yesterday’s (22 November) summary, we present another brief payments round-up. Features Starling Bank and Yoyo Wallet getting loyal; chatty PayPal and Facebook Messenger; token time with Sequent and Interac; and Wirecard working with Capital Float in India. UK challenger bank Starling has teamed with Yoyo Wallet, a mobile payment and loyalty marketing […]
Infographics: CPPO study reveals Canadian prepaid market grew 17%
The Canadian Prepaid Providers Organization (CPPO) released its second annual benchmark study, “Canadian Open-Loop Prepaid Market: 2016”, that shows 17% growth of the open-loop prepaid card market in Canada between 2015 and 2016.
Payments round-up: 22 November 2017
Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly. Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will […]
SumUp teams with BancoEstado for cool mobile card deal in Chile
SMEs in Chile have just won a new ally when it comes to making it easier to accept mobile card payments. The country’s largest national bank, BancoEstado de Chile, has partnered with SumUp to launch a joint venture (JV) that will give Chilean businesses the ability to offer “anytime, anywhere” mobile card acceptance without fees […]
Singapore regulator calls for more feedback on payments law
The Monetary Authority of Singapore (MAS) has launched a second consultation on its proposed regulatory framework, known as the Payment Services Bill, reports Banking Technology, Paybefore‘s sister publication. According to MAS, the Bill will streamline the regulation of services under a single legislation, expand the scope of regulated activities to include virtual currency services and […]
Interview: Nadish Lad, Volante – destiny and dreams
In an exclusive interview with payment specialist Volante Technologies, Nadish Lad, director – head of payments product, explains the firm’s foundation, vision and its key unique selling propositions (USPs).
Q&A with Bob Raffo, FirstView Financial
Joining FirstView Financial in July 2017 as president and CEO, Bob Raffo has quickly become a proponent of developing the paytech segment, the opportunities it presents to serve larger consumer and B2B bases and accelerate payment processes.
What defines global customer success?
Payments are changing rapidly, and the industry is struggling to keep pace. Many banks and other card issuers — including the service providers they rely on — lack the agility to stay competitive and quickly deliver the new products, features, and payments experiences today’s customers want.
Payments round-up: 21 November
Here’s more action from the lively paytech place. Features Apple, Coinsilium Group, UMT United Mobility Technology, Visa and even the Olympic Winter Games.
Payments round-up: 20 November 2017
It pays to pay attention to the pacey payments precinct. Our latest round-up comprises Glint’s golden launch, BillPro’s licence and QR codes in Singapore. Glint, an electronic payment system that enables gold to be used as a currency, has launched its account and app based technology in the UK. Jason Cozens, CEO, Glint, says: “Everyone […]
Fintech funding round-up: 20 November 2017
Coming straight after Friday’s (17 November) fintech funding action, here’s another round-up. Features Xiaomi’s interest in India, Bamboo Capital Partners, First Access, Allied Irish Banks and TransferMate. Chinese phone and appliances maker Xiaomi plans to invest around $1 billion in 100 start-ups in India over the next five years, according to chief executive Lei Jun […]
Q&A with Colleen Dorwart, RGCA board chair
As we reflect on 2017 and look ahead to 2018, we spoke with Colleen Dorwart, Retail Gift Card Association (RGCA) board chair, about the most popular gifts in America.
What a Swell Sibos we had
One of the more entertaining aspects of this year’s Sibos in Toronto was the continuation of the rivalry between the event’s host, Swift, and distributed ledger technology (DLT) firm Ripple.
Payments round-up: 17 November 2017
More paytech action featuring PayPal, NCR, Samsung, Scotiabank, Mastercard and Eftpos.
All aboard the Amex blockchain payments express
American Express has launched blockchain-enabled, business-to-business cross-border payments with Santander using Ripple’s network. The Amex FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, “reducing the time and cost of settlement”. Santander UK is the selected partner to initiate this new transaction channel. Marc Gordon, EVP and CIO at […]
Blockchain and Bitcoin round-up: 16 November 2017
Coming straight after yesterday’s (15 November) action, here’s our latest blockchain and Bitcoin round-up. Features Mastercard in a patent place, ING Bank opening up, and another warning from the UK’s Financial Conduct Authority. Let’s start with yet another patent. Mastercard has jumped on the blockchain payments bandwagon by filing “Method and System for Instantaneous Payment […]
Give donations better with Betterment
Robo advisory platform Betterment says it is not only making it easier to give to charities, it is also giving consumers more reasons to do so, reports Julie Muhn at Finovate (Banking Technology’s sister company). Starting 28 November, on “Giving Tuesday”, Betterment investors will be able to donate shares of long-term investments from their taxable accounts directly to […]
EyeLock docks with ViaTouch for iris-powered payments
Iris-based biometric authentication specialist EyeLock has signed an agreement with ViaTouch Media that will integrate EyeLock’s technology within ViaTouch’s smart-shelf vending solution, Vicki. David Penn at Finovate (Banking Technology‘s sister company) reports that EyeLock CEO Jim Demitrieus says the agreement was the culmination of years of working with firms from a variety of industries to bring embedded […]
TransferTo and Fern Software get UN funding for payments push
Cross-border mobile payments network TransferTo and banking software provider Fern Software have both been awarded a grant as a part of the United Nations Capital Development’s Shaping Inclusive Finance Transformation (Shift) Challenge Fund, reports Julie Muhn at Finovate (Banking Technology’s sister company). The goal of the fund is to use remittances to improve the economic power of women […]
Q&A with Joe Daly, Paysafe
Joe Daly, COO payments processing North America, Paysafe, talks to us about all things paytech.
Blockchain and Bitcoin round-up: 15 November 2017
Following on from yesterday’s (14 November) news, here’s our latest blockchain and Bitcoin round-up. Featuring Trustology, Accenture, Monetary Authority of Singapore, Association of Banks in Singapore, Square and London Block Exchange. Another day, another new firm. Trustology has emerged from stealth and revealed it is building a peer-to-peer network of smart contract compute services. Trusted […]
Boku to raise $60m ahead of London IPO
Carrier billing company Boku plans to go public on the London Stock Exchange’s alternative investment market (AIM), an international market for smaller growing companies, reports Julie Muhn at Finovate (Banking Technology’s sister company). Ahead of next week’s public debut, the company announced it expects to raise $60 million on a post-money valuation of $164 million. Of the […]
E-book: How Digital Lenders Can Win the Fight Against Fraud
Ready for the truth about fighting fraud? It’s not as futile as you might think. Yes, fraud is hitting digital lenders of all sizes… Pretty sizably. But recent research shows that with the right approach, it is possible to stop the bad guys and stem the losses—without slowing opportunity.
Why mobile wallet acceptance is key to retail growth
A young woman has made plans to join a friend for dinner at a restaurant across town, and with a few clicks on a mobile device she sets her night in motion. Her go-to ride-sharing service has sent a car, she’s ordered a cappuccino from her favorite coffee shop – this one is free because she’s a loyalty member – and her social app pings her friend to let him know her ETA.
Token and Envestnet | Yodlee team up for open banking
Open banking platform provider Token has partnered with Envestnet | Yodlee, a data analytics platform, for payments and financial data aggregation. The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s […]
Reality Clash looks to make cash splash with cryptocurrency trading
While the fintech industry is no stranger to initial coin offerings (ICO) as a method of sourcing capital for start-ups, a firm is offering a novel way to make money via cryptocurrency trading.
Crime moves upmarket as fraud becomes UK’s number 1 offence
New research from Experian claims fraud is now the UK’s most common criminal offence, much to the dismay of thugs and hoodlums everywhere, reports Telecoms.com (Banking Technology‘s sister publication). The company’s Annual Fraud Indicator 2017 estimates the annual cost of fraud in the UK is £190 billion, exceeding the total gross domestic product of 148 […]
Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh
Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).
Blockchain and Bitcoin round-up: 9 November 2017
Whether it’s AI to bridge cryptocurrencies or someone accidentally losing it, something is always going on, whether right or wrong in the world of blockchain and Bitcoin. Our latest round-up features Parity, AiX, R3 and SIA.
Payments round-up: 9 November 2017
We got a trilogy folks. Following the payments round-ups on 8 November and 7 November, here’s more paytech action. Features PayPal, NCR, Samsung, Scotiabank, Mastercard and Eftpos. It’s been offering cross-border payments in India for a decade, but PayPal has now launched domestic operations in the country as it looks to take on Paytm and […]
Mobey Day Barcelona: disruption, money and forward thinking
This year’s Mobey Day continues with the consistent collaboration between banks, start-ups and fintechs. Focusing on the development of technology during a time of disruption, the biggest players drew attention to leading in future challenges and trends.
UK start-up secures inevitable Hollywood movie sequel
With unerring predictability, the Hollywood movie machine has churned out a sequel for the energetic and eventful life story of a UK-based payments start-up. As reported in May, the rise of Charon Ferries, the creation of the husband and wife team of Michelle and Mark Morrison (who have defied all known laws of the universe […]
Payments round-up: 8 November 2017
Just yesterday (7 November) was a payments round-up, but here’s more action from the lively paytech place. Features Apple, Coinsilium Group, UMT United Mobility Technology, Visa and even the Olympic Winter Games. Apple, which is rarely out of the news, has set up Apple Pay Cash for person-to-person (P2P) payments in Messages. This feature is […]
Payments round-up: 8 November 2017
A distinctly European feel in the latest payments round-up by Banking Technology (Paybefore’s sister publication). Stars Facebook Messenger, the UK’s Payment Systems Regulator, Concardis and AliPay.
Biometrics: a question of standards and yet more questions
Watching the recent of smartphone launches, I am taken aback by just how much smartphone manufacturers have led to the normalisation and acceptance of biometrics by consumers.
Sunlight Payments to “revolutionise” distribution for global philanthropic sector
Sunlight Payments, a US-based paytech start-up, says it has “successfully tested a new platform to enhance controls and accountability for philanthropic funding and grants”. The test was carried out with Pathfinder International, a women’s reproductive health non-governmental organisation (NGO) that works in 19 countries.
Why blockchain won’t fix payments
There is a misconception about blockchain in the industry surrounding the belief that it is a solution to making faster and securer payments. There are some issues around the blockchain that explain why, in its present form, it isn’t an ideal replacement.
Revolut to bring processing in-house
Revolut is building its own in-house processor, following a string of outages caused by its current third party provider.
Personetics leverages AI to help chip away at student loan crisis
Cognitive analytics company Personetics has launched Personetics Act to offer banks a way to help customers repay their student loans ahead of schedule.
