Payments

A Central Bank Will Issue a Consumer-Ready Digital Currency within Five Years - IBM Research

Policy-makers at a number of central banks around the world are seriously considering developing and issuing a central bank digital currency (CBDC), with a consumer-ready CBDC likely to arrive in the next five years. That is the key finding from a report from IBM (NYSE: IBM) and OMFIF, a central banking think tank. Read more »

Continued growth in China cements UnionPay as the world’s largest card scheme

Consumers in developing countries are increasingly entering the banking system and expansion of the banked population in China is a major contributor to UnionPay’s gain in global market share Government-backed financial inclusion programmes driving growth Read more »

Bottomline Announces AI Enabled In-Product Support Powered by Drift

Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that helps make complex business payments simple, smart and secure, today announced that it has added AI-enabled chat inside its payment solutions to make signing up and accessing support even easier for its Paymode-X and PTX customers. Read more »

Amount Announces Amount Pay

 Amount, a leading fintech company helping financial institutions reinvent the retail experience, today announced Amount Pay, an installment point-of-sale (POS) financing solution launching in Q1 2020. Read more »

Lumi Wallet integrates EOSDT stablecoin and NUT

Lumi Wallet is expanding its EOS tokens collection – now the EOSDT stablecoin, the price of which is linked to the US Dollar, and the Native Utility Token (NUT) are available in the wallet. These are the first of many popular EOS tokens that are going to be added to the wallet’s portfolio. Lumi EOS integration Read more »

Credit Card Issuers Must Target Digital Payment Apps, Deloitte Reports

Deloitte's Center for Financial Services today reports that consumers are looking toward the broader ‘ecosystem’ to simplify their payments experience as innovative payment instruments become more prevalent. Read more »

Growth in Cryptocurrency Transactions in South Africa Calls For Stronger Security Measures

Acknowledging National Cybersecurity Awareness Month this October, leading peer-to-peer (P2P) bitcoin marketplace and digital wallet provider, Paxful (https://Paxful.com/), is shining the spotlight on the escalating need for security awareness amongst users when trading in digital currency. With criminals becoming increasingly technically proficient, the benefits of cryptocurrencies are also being exploited. Read more »

Security of 5G Made in Poland - 5th European Cybersecurity Forum CYBERSEC 2019

Debate on the security of 5G is growing ever larger in UE and NATO, amongst others due to the technological rivalry between USA and China, as well as the European Commission’s report published in early October on the assessment of risk connected with its security. Experts of the Kosciuszko Institute, organiser of the 5th European Cybersecurity Forum – CYBERSEC 2019, which starts tomorrow in Katowice, Poland, stress that in this race for 5G, the... more Read more »

NatWest's Asset Finance Division Lombard Launches Instant Agreement Tool

NatWest’s asset finance arm, Lombard, has today announced the launch of a new digital service that allows businesses to receive instant agreement to fund assets such as cars, vans, machinery and technology, up to a maximum of £250,000.   The new function, available through Lombard’s website, allows customers to create a personalised quote across any one of 40 asset classes, with an instant decision provided at the end of a quick and simple... more Read more »

Barclays Makes Post Office Cash Access U-Turn

Barclays says it will no longer stop customers withdrawing cash from the UK's network of post offices, reversing its earlier position after accusations of "penny-pinching" by politicians. Barclays Group CEO Jes Staley says: "We have listened very carefully to points that have been made to us by Ministers in the Government, by MPs, and by interested charities and consumer advocates. Read more »

InstaReM launches industry first global enterprise payments platform

Leading digital cross-border payments provider, InstaReM, is rebranding to become part of Nium. Nium is the first global payments platform to enable businesses to send, spend and receive money from around the world, in addition to empowering them to develop their own products. Nium’s ambition is to create a world of ‘Open Money’ where everyone’s money is free for them to use, whenever, wherever and however they want. Read more »

Berkeley Payment Solutions Expands Innovative Payment Technology with Pungle Acquisition

Berkeley Payment Solutions (Berkeley), a leading global payments solution provider, today announced the acquisition of FinTech start-up, Pungle, an innovative payments platform that enables frictionless, real-time transfers. “This acquisition positions Berkeley to be one of the most innovative, fastest-growing FinTech companies globally,” said Jonathon Hamburg, CEO and Founder of Berkeley. “We are thrilled to join forces and welcome the Pungle... more Read more »

Brex and Mastercard Partner on U.S. Expansion

Mastercard today announced that Brex, the financial technology company that helps ambitious companies scale, has partnered with Mastercard as its preferred network to bring cutting-edge technology and top-tier benefits to its corporate card portfolio in the United States. This is a further investment in a partnership that began earlier this year when Brex started issuing World Elite Mastercard for Business®. Read more »

World's first Entrepreneur Token (E3T) to list on DCoin.com

Global cryptocurrency platform DCoin.com has been selected by E3, a Malaysian entrepreneur development organisation to conduct an initial exchange offering of the world's first Entrepreneur Token E3T (E3 Token). E3 aims to build the world's largest digital ecosystem for global entrepreneurs powered by E3T. E3T is a utility token and acts as a medium exchange among E3 members within a closedloop entrepreneur ecosystem. Read more »

Western Union Launches WU.com In India

Western Union, a leader in cross-border, cross-currency money movement and payments, today launched its digital platform -  Read more »

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