KeyBank has added Masterpass by Mastercard to its mobile payments capabilities in response to steadily growing client mobile payment use.

"We know our clients want to be able to choose the banking product that best fits their individual need, and mobile payments is no exception," said Jason Rudman, director of KeyBank Consumer Payments and Digital Banking. "Whether clients prefer to pay via tap, dip or swipe, we want to be our clients' primary payment provider as they determine how they want to make payments. We are excited to offer Masterpass to our clients."

Technical body, EMVCo, now provides formal industry approval to confirm that contactless mobile payment-enabled devices canoperate seamlessly with EMV® Level 1* approved payment acceptance terminals. The new approval process incorporates Level 1 tests traditionally managed by the individual payment systems, bringing efficiencies to the process and reducing time to market.

EMV Contactless Mobile Payment Type Approval covers both secure element (SE) and host card emulation (HCE) technologies. This updated Level 1 testing and approval includes:

Custom apps have the potential to help teams and businesses become more productive, by improving inefficient processes internally and reducing scattered information. Given the current trends, android and ios app development will provide businesses with a competitive advantage, increase sales and customer loyalty to the brand.

 Red Deer, a new London-based FinTech company, is pleased to announce the appointment of Stefano Vaccino as Chief Product Officer and Henry Price as Chief Commercial Officer.

Stefano joins Red Deer from Algomi, where he was Chief Product Officer and a member of the executive team. Prior to this he co-founded the design company OltreDesign as well as spending 6 years as an Executive Director at Goldman Sachs. At Red Deer he will oversee product strategy and manage the entire development prioritisation process.

Northern Trust and SCORPEO today announce that they have entered into an agreement to use SCORPEO’s services to provide an innovative historical corporate actions reporting service, designed to help investors realize the full value in corporate actions.

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time 

I’ve talked a lot about blockchain, but not much lately about the use cases, of which four stand out in terms of real activity: Clearing and Settlement, Trade Finance, Payments and Digital Identity.  I thought I’d do a deeper dive into these during the quietness of August, starting with what’s happening in Clearing and Settlement.

Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, today announced it hired Harvey Colli as a Managing Director to oversee its Transaction Banking business in Latin America.

ReliaMax®, a leading platform-as-a-service solutions provider for the private student loan industry, today introduced the Connext Private Student Loan solution for banks and the emerging market of alternative lenders.

Mechanics Bank has strengthened its wine industry presence with the appointment of Dan Aguilar, a well-known banking professional whose 20 years of wine industry lending experience have included corporate finance, banking, lending, and cash management services to a wide array of West Coast wine enterprises. Mr. Aguilar will serve as Senior Vice President and Regional Manager, Commercial Banking in Napa.