Payments

Geneva To Roll Out Mobile Parking Payments

Geneva has become the latest major city to roll out cashless mobile parking payments city-wide. The mobile payment service from PayByPhone, the global industry leader in parking payments, is now available in all spaces across the city. Drivers can pay for their parking in the most stress-free way possible - via the PayByPhone app on their smartphones. No longer do they have to scramble to find the right amount of cash to park, with just a few... more Read more »

Barclays To Expand Its Cheque Imaging Service To Android Phones And iPads

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers. Since the launch of cheque imaging a year ago, nearly three quarters of a million pounds have been deposited by the 30,000 Barclays iPhone users who have subscribed to the service.  Read more »

Payworks to Support Payments For cab:app

cab:app, a provider of a mobile application for taxi drivers, chooses payworks to drive card payment acceptance in cabs. As the only taxi solution to be made available to passengers and all Hackney Carriage drivers and licensed cabs in the UK and Ireland, cab:app is achieving unprecedented reach. While the solution lets passengers hail a cab directly from their smartphone, a dedicated drivers’ application indicates pick-up and drop-off in... more Read more »

US Banks To Spend $16.6bn On Digital Transformation

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights. As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC. This compares to a growth rate of just 3.9% for overall IT spending by US... more Read more »

CM Telecom moves into mobile payments, starts Payment Service Provider CM Payments

 Mobile service provider CM Telecom moves into mobile payments and has founded CM Payments, a new Payment Service Provider (PSP) that will operate internationally. CM Payments opens its office in Amsterdam.   Growing market Read more »

MasterCard and Parkeon Unlock Parking Meters for Hyperlocal Offers

At the International Parking Institute annual conference, MasterCard (NYSE:MA) and Parkeon today announced the launch of  “City Connector”, a unique couponing platform that delivers offers and services from local businesses via on-street parking meters.   Read more »

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 »

Western Union To Expand Money Transfers With Bansefi Mexico

As part of its continued commitment to the Mexico market, The Western Union Company (NYSE: WU), a leader in global payment services, and state-owned Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (BANSEFI), today announced an agreement to expand access to inbound money transfer services under Western Union, Vigo and Orlandi Valuta brands throughout the country. Read more »

Valitor Partners With Saxo Payments

Saxo Payments, the global transactions services provider, has secured its fourth contract win in the space of a month. The latest partnership, with Valitor, a leading online and e-commerce payment solutions company, underlines the appetite from the burgeoning FinTech sector for an alternative to conventional international banking processes. 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 »

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 »

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 »

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