Prepaid cards top preference for ‘first accounts’ in children under the age of 16
- 8 years 9 months ago
- Payments
Innovations in prepaid cards and mobile phones are beginning to erode the traditional monopoly of banks as the home of ‘first accounts'. According to new research by Prepaid International Forum (PIF), the next generation of financial services customers is more likely to use a prepaid card or mobile device, instead of a bank account, when they first become active consumers.
AccessPay confirms commitment to Faster Payments New Access Model
- 8 years 9 months ago
- Payments
AccessPay, the provider of payment automation and business intelligence, has announced its commitment to the Faster Payments New Access Model. The company is one of only eight accredited fintech vendors to have signed a Letter of Commitment to provide aggregation services.
Fintech pioneer Advanced Payment Solutions succeeds in challenging high street banks
Today Advanced Payment Solutions (APS), an established UK fintech banking services provider, reports a 78% revenue increase in its SME business in the past year, as sole-traders and microbusinesses look beyond traditional banks for their financial solutions. This was complemented by a threefold increase in its rapidly growing credit portfolio.
FIME to Provide Solution for Debit Network Alliance
- 8 years 9 months ago
- Payments, Infrastructure
EMV Chip Card and Terminal Certification Program Leading EMV chip card payments consultancy FIME is the first to have its chip card personalization validation services and POS/ATM certification test platform approved by the Debit Network Alliance (DNA) under its recently established DNA Shared Debit AID certification program.
Crowdfunding Finally Goes Mobile in the US as OFF3R Launches
- 8 years 9 months ago
- Payments
Tendr, the mobile crowdfunding discovery platform, rebrands as OFF3R and will now offer US crowdfunding investment opportunities from Angel.co and other leading US platforms. OFF3R is backed by super angel investment club QVentures and with investors in over 42 countries.
Infosys Finacle and Payveris Partner to Bring Industry-Leading Solutions to US Community Banks and Credit Unions
- 8 years 9 months ago
- Payments
Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced a partnership withPayveris, an online and mobile digital payments co
CFPB Orders Citizens Bank to Pay $18.5 Million for Failing to Credit Full Deposit Amounts
- 8 years 9 months ago
- Payments
Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) took action against Citizens Bank for failing to credit consumers the full amounts of their deposited funds. The bank kept money from deposit discrepancies when receipts did not match actual money transferred. Today’s CFPB consent order requires the bank to provide approximately $11 million in... more
BlackBerry To Partner With PayPal
- 8 years 9 months ago
- Payments
BlackBerry has teamed up with PayPal for a trial that lets BBM users in Canada send and receive money through the messaging service. Once they have connected their PayPal account, BBM users can send money to friends and family within a chat by hitting a PayPal icon and entering the amount.
BitX Selects Zazoo to Offer Interoperable Spend via Mobile Virtual Card Technology
- 8 years 9 months ago
- Payments
ZAZOO, a business unit of Net 1UEPS Technologies, Inc. ("Net1") (NASDAQ: UEPS)(JSE: NT1), has signed an exclusive deal with BitX, a leading universal Bitcoin platform that wi
Geoswift Joins Forces with UnionPay International and Western Union Business Solutions to Offer Tuition Payment Promotion
- 8 years 9 months ago
- Payments
Geoswift, Western Union Business Solutions, a subsidiary of The Western Union Company, and UnionPay International today announced a promotion where UnionPay will pay for medical insurance coverage for eligible students that process tuition payments through their payment network.
Japan Post Bank chooses Earthport Payment Network to provide cross-border services for its customers
- 8 years 9 months ago
- Payments
Earthport (AIM: EPO), the leading payment network for cross border transactions, announces an agreement to enable cross-border services for Japan Post Bank, Japan’s largest retail bank in terms of deposits. The first of its kind, this partnership will enable the bank to provide improved customer experience and reach for cross border consumer remittances.
WorldRemit Introduces Mobile Money Transfers to Burundi
- 8 years 9 months ago
- Payments
Online money transfer service WorldRemit today launches instant Mobile Money transfers to Burundi, the first remittance service to do so. Customers in 50 countries can now send money direct to EcoCash mobile wallets – just like an instant message. WorldRemit’s mobile-to-mobile remittance service already enables people to send funds direct to Mobile Money wallets in countries across Africa, Asia and Oceania. Now the 350,000 Burundians who live... more
Canada to Modernise National payments infrastructure
- 8 years 9 months ago
- Payments
The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure. McKinsey will conduct stakeholder interviews and prepare a fact-based analysis to support the multi-year project to renew the CPA's payments clearing and settlement infrastructure. "By mid-2016, our goal is to identify user needs and priorities, as well as likely go-forward requirements, and to... more
Taiwan's CTBC Bank To Pilot Face Recognition ATM Machine
- 8 years 9 months ago
- ATMs
Taiwan's CTBC Bank has launched a pilot version of an ATM that uses both facial recognition and finger-vein scanning to verify identity. Should the trail be successful, users will be able to withdraw funds without the use of a card or a PIN. The pilot project comes just weeks after engineers in China claimed to have developed the first ever cash machine to use facial recognition technology.
BitPay Announced Partnerships With Payments Companies From Around The Globe
- 8 years 9 months ago
- Payments
During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries.
