China's UnionPay Supports the Upgrading of the Payments Industry Abroad
- 7 years 1 month ago
- Payments
Nowadays, China's financial technical standards have become an important impetus for the upgrading of the payments industry abroad. The payment switch networks in Serbia, Belarus and Tajikistan are being built or upgraded as per the UnionPay standards. More than ten countries including Albania, Bulgaria and Tanzania have expressed their wish to have UnionPay help them build up payment switch network.
Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers
- 7 years 1 month ago
- Payments
Mastercard today unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone helps create a digital record for kiosk owners to get access to micro-loans to stock inventory and grow their business.
Alipay Launches “Double 12” Global Shopping Festival in Hong Kong
- 7 years 2 months ago
- Payments
Alipay, the world’s largest online, mobile payment and lifestyle platform operated by Ant Financial Services Group, today launched this year’s “Double 12” Global Shopping Festival in 15 countries spanning across four continents. In addition, Ant Financial’s strategic partners in Hong Kong, India, Thailand and the Philippines will introduce campaigns for their local e-wallet users for the first time. These partners include Paytm in India,... more
59% of Card-Present Transactions Globally Use EMV Chip Technology
- 7 years 2 months ago
- Credit Cards, Data
Technical body EMVCo has published transaction data showing that 58.9% of card-present contact and contactless transactions globally were EMV®-enabled between July 2016 and June 2017. This represents an increase over the prior year, when 42.4% of transactions were EMV-enabled. The data reflects average transaction volumes over a 12-month period to account for seasonal variations. Given the ongoing rate of EMV chip technology adoption, EMVCo... more
AFEX Partners with Ascent Software to Simplify Payments for Financial Services Firms AFEX’s API adds FX layer to Trident Connect straight-through payment processing software
- 7 years 2 months ago
- Payments, Risk Management
AFEX, one of the world's largest non-bank providers of global payment and risk management solutions, has partnered with Ascent Software, to enhance its award-winning straight-through processing pre-payment and post-payment software, Trident Connect.
42% of Retailers Say Payment-over-time Solutions are ‘Very Important’ to ensuring future digital innovation
- 7 years 2 months ago
- Payments
An overwhelming 95% of retailers believe that payment-over-time solutions are either important or very important to delivering future digital innovation in the retail industry, with 42% saying the latter, according to the latest research from Econocom UK, a leading provider of digital transformation solutions. Furthermore, 99% of all retailers said that a payment-over-time model would make it easier for them to achieve their digital... more
Digital Debit Accelerates Bitcoin Adoption with Release of First Real-Time P2P Payments App
- 7 years 2 months ago
- Bitcoins
Digital Debit Group (DDG), a division of Qondado LLC, announces the release of the Digital Debit® mobile Bitcoin payments app. The company's utilization of the Coinbase API system with the Digital Debit® QR platform delivers the first global off-blockchain P2P mobile payments ecosystem for the growing Bitcoin user base and provides the added benefit of tokenized QR transaction codes for real-time, account-to-account transactions.
Fidor Bank: Predictions For 2018
1. Payment Services Directive (PSD2) Finally Goes Live “It has has been a long road to PSD2, given that it was approved in November 2015 by the Council of the European Union. However, it will finally be coming into force in January 2018 and that means that banks must open up their customer data to third parties on request - whether these third parties are their direct competitors, challenger banks or nascent fintech startups.”
N26 Introduces Metal Card for 'Global Generation'
- 7 years 2 months ago
- Payments
The world is now closer and more connected than ever. Yet we still have a desire for the physical—items that you can hold and call your own. Out of these two opposites comes N26 Metal—a card designed to feel, look, and act differently. N26 Metal is the result of hours of refining, distilling and applied design. It embodies the best of unique, physical design and the ambition for new experiences and horizons.
PNC Selects Finastra for Live on Real-time Payments Network
- 7 years 2 months ago
- Payments
PNC, a top-10 US bank by assets, is live on RTP, The Clearing House’s new US real-time payments system, using Finastra’s payment services hub, Fusion Payments.
Citizens Bank Goes Live on Zelle for Faster, Safer and Easier P2P Payments
- 7 years 2 months ago
- Payments
Citizens Bank today announced the launch of Zelle, to offer customers a fast, safe and easy way to make person-to-person (P2P) payments.
WandX Token Sale Ends in 24 Hours
- 7 years 2 months ago
- Cryptocurrencies
The WandX token sale is to close at midnight GMT on Tuesday, December 5 2017. WandX, a platform which allows users to create and trade any ERC20 Token entirely peer to peer, is India’s first token sale, and the first Ethereum Token (aka ERC20 Token) exchange to be launched in India. India is increasingly seen as a hotbed of creative entrepreneurship and, with 65% of its population under the age of 35 and smartphone use growing rapidly, the... more
Ingenico: Black Friday online retail spend almost double Cyber Monday
- 7 years 2 months ago
- Payments
Black Friday has now extended to a six-day eCommerce festival, with Wednesday 22nd – Monday 27th November recorded as the six busiest shopping days of 2017, according to analysis by Ingenico, the global leader in seamless payment. Sales peaked on Black Friday, where UK consumers spent a huge 515% more online than the average Friday in 2017 and nearly double that of Cyber Monday. In 2016, Cyber Monday transaction value was just 27% lower than... more
Trustly Recognised as a ‘DI Gasell’ for a Third Consecutive Year
- 7 years 2 months ago
- Payments
Trustly, the European payments company, is pleased to announce that it has been nominated for the highly distinguished DI Gasell award for the third consecutive year. The DI Gasell award was established in 2000 by the Swedish financial daily newspaper Dagens Industrito recognise Sweden’s fastest growing and most profitable companies.
New gold investing drops by one-fifth everywhere but Germany as Bitcoin steals gold's shine in 2017
- 7 years 2 months ago
- Bitcoins, Infrastructure
Gold trading among existing private investors rebounded as bullion prices steadied in November, but new interest from first-time buyers sank to its lowest since the metal's bear-market price lows of 2015. That pulled the Gold Investor Index lower to 53.9 from October's reading of 54.6 according to new data today from BullionVault, the world's largest online marketplace for physical precious metals.
