JPMorgan Targets e-commerce and Gig Economy Firms with e-wallet
- 4 years 5 months ago
- E-Wallets, Retail Banking
JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts. With technology giants increasingly moving in on banks' turf, JPMorgan Chase has decided that its best option is to help them do it. According to Bloomberg, the Wall Street giant has spent a year building an e-wallet that gives online... more
Semafone’s Intelligence+ empowers contact centres with actionable payment transaction analytics
Semafone®, the leading provider of data security and multi-channel compliance solutions for call and contact centres, today announced Intelligence+, a real-time data analytics offering, integrated into its award-winning and patented telephone payments solution – Cardprotect Voice+.
Apple Pay coming to Rabobank’s customers
Rabobank brings its Dutch customers Apple Pay, which helps them to make payment in an easy, secure and private way. With Apple Pay on iPhone, Apple Watch and iPad customers can do fast and convenient payments in stores, in apps and on websites. Activation of Apple Pay can be made via the Rabo Banking App by adding the debit card to the Wallet-functionality. Apple Pay works wherever it is possible to do contactless payments and in many webshops... more
MoneyGram Announces Extension of Walmart Contract
- 4 years 5 months ago
- Payments, Retail Banking
MoneyGram International, Inc. (NASDAQ: MGI), a global provider of innovative money transfer services, previously announced it has extended its agreement with Walmart to continue to provide MoneyGram-branded money transfer, 'powered by' white-label Walmart2World money transfer, bill payment and money order services into 2021.
Wirecard will acquire Bejing-based AllScore Payment Services
Wirecard, the global innovation leader for digital financial technology, is investing in a comprehensive license portfolio for digital payments through an acquisition in China. Wirecard will gradually acquire all shares in the Bejing-based AllScore Payment Services. AllScore Payment Services is currently controlled in its majority by its founder and CEO Mr. Yao Lin and Shanghai Aiwu Investment Management Co. Ltd.. The framework agreement was... more
Flywire Appoints New President and COO
- 4 years 5 months ago
- Payments, People Moves
Flywire, a provider of global payment solutions for businesses and institutions, today announced the appointment of Rob Orgel to the newly created position of President and Chief Operating Officer. In the role, Orgel will oversee the company’s global payment network, business operations, finance, legal, compliance, and corporate strategy and development. He will report to CEO Mike Massaro who will now focus his efforts on the company’s long-term... more
Compass Plus survey finds millennials choose convenience over security
- 4 years 5 months ago
- Payments
A survey by Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has revealed that while millennials rely heavily on their mobile phones, they consider them one of the least secure payment methods.
Unity Trust Bank Joins Current Account Switch Service
The flagship Current Account Switch Service, which is owned and operated by the UK’s leading payments authority Pay.UK, today welcomes another brand to join the service. Unity Trust Bank is the latest to offer consumers a simple, reliable and stress-free means of switching banking provider.
Nets Enables Mobile Payments for OmaSp Customers
- 4 years 5 months ago
- Payments
The rapidly growing Finnish savings bank, OmaSp, has chosen Nets to enable mobile payments for its customers. Initially OmaSp will offer Google Pay for Visa Credit cardholders, with debit cards on the roadmap for 2020. By partnering with Nets, banks can offer their customers the freedom to choose their preferred payment method.
Apple Pay launched to NatWest Business Customers
NatWest today brings its business banking customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites. NatWest has launched the new feature across its full range of VISA debit cards to its 1 million Business Banking customers, complementing the existing range of payment... more
ACH Alert to Lead Panel Discussions, Share Expertise at Fourth Annual 2019 Hawaii Payments University
- 4 years 5 months ago
- Payments, Fraud Detection
ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, announced it is attending the 2019 Hawaii Payments University & Fraud Day for the second year, taking place November 5-7 in Honolulu.
Frost & Sullivan Selects FSS for 2019 Best Practices Award for Technology Leadership
FSS, a Payments and Fintech leader, today, announced it has won the prestigious 2019 Frost & Sullivan, India Best Practices Award for Leadership in Payments. FSS has been conferred the 2019 India Payments Technology -- Transaction Processing Services and Product Line -- Strategy Leadership Award for a proven track record for technology services and commercial model innovation.
Late Payments: Buyers Leave SME Suppliers Last
- 4 years 5 months ago
- Payments
Businesses pay their smallest suppliers 30 days later than their bigger suppliers. Data released today by Previse, the fintech that uses AI to get suppliers paid instantly, shows the extent to which the problem of slow payments is concentrated among small suppliers, a fact which public payments reporting fails to highlight.
British Businesses Focusing More on China
- 4 years 5 months ago
- Payments
New research from JGOO, the next generation mobile payments platform, reveals that of those companies currently marketing goods and services in China, 67% say sales in this market have grown over the past 12 months. Furthermore, for those that don’t trade with the world’s second largest economy, one in five companies (20%) are now considering doing this. Over the next five years, the findings reveal that 40% of British businesses think that... more
PayPal Ventures Invests in Japanese Instant Credit Firm Paidy
- 4 years 5 months ago
- Payments
Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing. PayPal Ventures, Soros Capital Management, JS Capital Management and Tybourne Capital Management joined the extension round. The debt financing comes from Goldman Sachs Japan, Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank. Paidy launched its post-pay... more
