Payments

New Mobile Wallet Solution Might Hold The Trump Cards

It says something about the state of the market today that companies are now having to collaborate in order to develop new ideas and technologies that solve the security issues raised by mobile wallets. Read more »

Payments Council Changed New Trade Association

Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body. In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector. Read more »

SIX Payment Services To Launch New Platform

When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance. SIX Payment Services has invested in one of the most modern platforms in Europe. Thirty four financial institutions with a total of 100 Million transactions per year already benefit from new generation processing services. The migration was a complete success thanks to first class project management... more Read more »

Barclaycard expands range of ‘bPay’ wearable payment devices

Barclaycard is to roll out a range of wearable payment devices that can be used to make ‘touch and go’ contactless payments across the UK, following a successful launch of its bPay band last year. Following the successful launch of its bPay band last year, Barclaycard unveils three new wearable payment devices – a wristband, fob and sticker.  Read more »

Western Union To Suspend Its Money Transfer Operations In Greece

Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals. Read more »

Over 1,000 Banks Across The World Use RMB For Payments With China And Hong Kong

Recent SWIFT data shows that the growth in RMB payments is supported by an increasing number of banks. In May 2015, 1,081 financial institutions used the RMB for payments with China and Hong Kong, representing 35% of all institutions exchanging payments with the latter across all currencies. This is a 22% increase in the number of institutions using the RMB and a 6% increase in adoption, up from 29% two years ago. Read more »

LendInvest Receives First European rating for a P2P Platform

LendInvest has confirmed that it has received the first European rating from a regulated credit rating agency for a peer-to-peer platform. LendInvest received a rating of SQ1, from ARC Ratings, which is the highest rating possible from the agency. The rating was a Quality Assurance Rating, which assessed LendInvest's ability to originate deal-flow, and its underwriting and servicing capabilities. Read more »

Saxo Payments To Co-operate with Allied Wallet for Global Expansion

Global transactions services provider, Saxo Payments, has partnered with Allied Wallet, an online payment processing and global merchant services solutions provider to support its plans for exponential market growth. Under the agreement, Allied Wallet has joined the Saxo Payments Banking Marketplace. As a result, Allied Wallet is able to streamline its process of accepting payments and making settlements in multiple currencies globally. Read more »

Visa Mobile Contactless Accredited FIME Korea

Having supported the Korean market with EMVCo Level 1 compliance services for a number of years, FIME’s Korean secure chip test laboratory is now approved to test compliance of mobile handsets, chipsets and near field communication (NFC) antennae to Visa’s Level 1 specifications. This accreditation is FIME’s latest step in its roadmap to support manufacturers in the region. The testing provider offers testing services for both EMVCo and Visa,... more Read more »

EMP Launches Online Fraud Prevention Services

Emerging Markets Payments (EMP), the leading payments processessing company in Africa and the Middle East, has today launched its EMP Online Fraud Prevention Services. Online Fraud Prevention Services is an automated monitoring and prevention tool designed to protect banks from exposure to fraudulent transactions. With banks operating in a dynamic and challenging risk environment, it employs rules-based technologies to make real-time decisions.  Read more »

Industry-leaders join forces to install cash recycling functionality in ATMs in North America

Nautilus Hyosung America (Hyosung), the #1 provider of ATMs in the United States and market leader in Branch Transformation solutions, today announced a partnership with Elan Financial Services (Elan), a leader in electronic funds transfer (EFT) processing, to provide banks and their customers with a consumer-focused, innovative ATM ex Read more »

Ireland To Cancel 1c and 2c coins

The Central Bank welcomes the decision by the Government to rollout the rounding of 1c and 2c coins nationally. This follows a successful trial that was conducted by the National Payments Plan in Wexford in 2013. The Central Bank will now assume responsibility for the project. Details of how rounding will be implemented have yet to be finalised but it is anticipated that it will be rolled out in the next few months. The key features of rounding... more Read more »

WorldRemit Wins Prestigious Award Issued By United Nations Agency

IFAD, a United Nations agency, today recognised WorldRemit’s role in shaking up the global money transfer industry. International Fund for Agricultural Development (IFAD), which focuses on agricultural development and financial inclusion, named WorldRemit winner of its 2015 private-sector award for Best Practice in Remittances for Development, ahead of fourteen other nominees. Read more »

The Emerging Payments Association Launches The World’s First Dedicated Payments Incubator: The Catalyst

The Emerging Payments Association (EPA) today announces the launch of its incubator for early stage payments companies, the Catalyst. The Catalyst provides access to investors, workspace, mentors and commercial partners in association with MasterCard and The Bancorp. The Catalyst beneficiaries – its ‘Rising Stars’ - are new entrants to the fintech industry, mostly founder-owned and with a combined investment and revenue between £0.5m and £2m in... more Read more »

Elliptic announces the Bitcoin Big Bang – A breakthrough in bitcoin anti-money laundering

 Elliptic, the bitcoin analytics and security firm, today announced a breakthrough in bitcoin transaction monitoring and compliance. In an industry first, the company has launched ‘The Bitcoin Big Bang’, an interactive visualisation that plots the emergence and interconnectivity of the key players in bitcoin since its genesis in 2009. Read more »

Pages

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App