Payments

Five FinTech start-ups make it to the Payments Dragons' Den final at PayExpo 2015

Five exciting new payment start-ups have reached the final for the 2015 Dragons' Den contest at PayExpo. The highly anticipated competition, which received record entries this year, is the ideal platform for emerging companies looking to present their innovative ideas and game-changing payments technologies to a global market. The 2015 Payments Dragons' Den finalists are: xWare42 - a software developer whose core product, xPay, allows banks to... more Read more »

Canadian Uni Installs Bitcoin ATMs For Future of Fintech

A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services. Bookstores at each of Simon Fraser University's three campuses in Vancouver, Burnaby, and Surrey, will now accept bitcoin for the payment of retail transactions, and virtual currency machines will be installed in... more Read more »

Two Million Danes Unite The Next Wave In Mobile Payments As Danske Bank’s MobilePay Teams Up With PowaTag

Denmark is leading the way to a cashless society by planning to scrap obligatory cash payments – and now two out of three smartphone users will be able to enjoy an entirely new way to shop as Danske Bank’s market leading MobilePay app introduces the transformative “buy anywhere” capabilities of acclaimed mobile commerce platform PowaTag. Read more »

Visa Europe Provides Novation Hub In Israel

Fresh from the launch of Visa Europe Collab in London earlier this month, the card scheme has exported the idea to Israel with the opening of an innovation hub in Tel Aviv. The creation of Visa Europe Collab in Israel begins the growth of the initiative’s footprint across Europe, with plans already in place to begin operations in other innovation hotspots, including Berlin, later this year.  Read more »

‘Just Eat Effect’ has Brits Purchasing More Meals Online Than Ever Before

The popularity of online food delivery services such as ‘Just Eat’ has Brits turning off their ovens and turning on their internet browsers in record numbers.  According to Worldpay, takeaway only businesses have also seen online sales leap by 22% in the past year, as ordering online becomes the default option for hungry Brits. Read more »

Mobey Forum Provides ‘Snapshot of NFC Mobile Payments’ for Banks

Latest comparison paper depicts an NFC ‘moment in time’, contrasting Apple Pay, Samsung Pay, HCE, Google Wallet and SIM-based mobile payment deployment options  Read more »

Swift Institute Research Indicates Benefits of Outsourcing by Mutual Funds

The SWIFT Institute announces the availability of new research that for the first time investigates the consequences of outsourcing different types of services by mutual funds in Europe. Read more »

Non-cash Payments Overtook Cash Payments For The First Time

Dave Hobday, MD of Worldpay UK, said: “We know that 10% of Brits don’t carry any cash on them, so if you’re only taking cash payments, that’s one in 10 potential customers who will never consider shopping with you. “When all the recent talk is around technology making payments fast, secure and convenient, notes and coins increasingly seem like something our children will laugh about in the future. Read more »

Postbank tests HCE mobile payments

Germany's Postbank is to run an internal pilot of an NFC mobile payments app operating in a Host Card Emulation environment. Postbank employees participating in the project will be able to use their Android smartphones at the checkout to make contactless payments with a tap of their phone at the cash register. The technology, supplied by Worldline, includes the use of digital tokens and one-time keys to protect customer card data. Read more »

Mobile Payments Company Square Starts Operation in Australia

Mobile payments company Square is to open its fourth global hub in Melbourne, Australia, to drive sales of its Register tablet POS. The US-based company has hired former National Australia Bank and Visa executive Ben Pfisterer to head up the Australian division. At Visa, Pfisterer led the card scheme's innovation and emerging products unit. He says that Square is looking to tap in to the entrepreneurial spirit of Australia's small business... more Read more »

Worldpay extends global payment acceptance capabilities to India

Worldpay, the global leader in payments has partnered with IndusInd Bank Limited to offer domestic acquiring services in India. The association will assist both companies in processing customers’ payments and marks the first step for Worldpay in entering the Indian market – a result of the growth in eCommerce across the country. Read more »

WorldRemit launches in five new countries

Online money transfer service WorldRemit has launched in five countries in South America and Eastern Europe. WorldRemit customers can now send money transfers direct to the bank accounts of their friends and family in Chile, Czech Republic, Hungary, Slovenia and Bulgaria. Read more »

NASDAQ OMX Stockholm officially listed bitcoin-based certificate

Nasdaq (Nasdaq: NDAQ) announced that Bitcoin Tracker One (short name: BITCOIN XBT), a tracker certificate that uses the digital currency Bitcoin as underlying asset, starts trading today at Nasdaq Stockholm. Bitcoin Tracker One is issued by XBT Provider, part of the KNC Group. Read more »

BNY Mellon unveils payments analytics

BNY Mellon, a global leader in investment management and investment services, has expanded its analytical support for treasury services clients with the launch of Payment Analytics. Designed for institutional clients with high levels of wire transfer utilization, Payment Analytics provides real-time updates on straight-through processing (STP) success rates, information on the type and number of payment queries, and trend data that clients can... more Read more »

Denmark opts for cashless - Will the UK follow suit? UK's cashless cities revealed by Worldpay

Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. How quickly will other countries such as the UK begin to follow suit? Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way British consumers are paying for goods, with High Street credit and debit card transactions rising just... more Read more »

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