IBM today announced 20 new industry-specific solutions with pre-built predictive analytics capabilities that will make it easier and faster for organizations across industries like retail, banking, telecommunications, insurance and others, to uncover and act on critical business insights. Read more »
Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries. Ripple is bidding to work with international banks to rewire the international money transfer business through the fast and frictionless exchange of its digital currency tokens in exchange for fiat currency, effectively upending traditional banking payments channels by creating a fiction-free standard for instantaneous funds... more Read more »
The eBay Foundation and Village Capital are running a three-month fintech accelerator for startups developing alternative technologies for serving low-income households and individuals. According to a 2013 FDIC study, more than a quarter of US households are unbanked or underbanked, with limited or no access to traditional financial services. Read more »
Banque Populaire and Caisse d’Epargne are to pilot a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically. The French banking group plans to put the first cards into the hands of 1000 customers from this September. The bank says the technology, developed by Oberthur, will improve security for consumers purchasing online and entails no changes to the usual... more Read more »
A survey conducted by Compass Plus, an international provider of innovative retail banking and electronic payments software to financial institutions and processors, has revealed that the age of the consumer plays a significant role when making financial decisions. The survey, in which 650 UK residents answered questions about their banking and payments habits, found that behaviours vary between age groups in both their preferences towards... more Read more »
Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, has announces the availability of its Temenos Connect Mobile Banking solution for retail banks – the first retail mobile banking solution to be underpinned by a user experience platform (UXP) that drives multi-device banking solutions. Read more »
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology solutions, and a global leader in consulting and outsourcing solutions, today reported third quarter revenue increased 7 percent to $1.6 billion from $1.5 billion a year earlier. GAAP net earnings from continuing operations attributable to common stockholders was $152 million, or $0.53 per diluted share, compared to $175 million, or $0.60 per diluted share in the... more Read more »
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced the launch of Popmoney® for Disbursements*, a new service that streamlines and speeds the currently check-dominated process used by businesses to send payments to consumers. Read more »
NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, has opened a new office to accommodate its team of software developers and engineers building the latest in bank branch technology. The 50-person team, previously located in Sandy, Utah, is moving to a new, state-of-the-art location in Draper. Read more »
The FIDO (Fast IDentity Online) Alliance , a global industry consortium delivering open standards for simpler, stronger authentication, has announced that Google is the latest member organization to deploy support for FIDO Alliance authentication standards. Read more »
MasterCard is bringing contactless acceptance to ballpark food and beverage concessions at the 2014 World Series through a partnership with mobile technology leader MLB Advanced Media, enabling fans to make payments using a variety of NFC-enabled devices and services, including the newly introduced Apple Pay. These two ballparks will be the first professional sports facilities to accept Apple Pay, when it debuts for fans attending Game One of... more Read more »
Compass Plus, an international provider of innovative retail banking and electronic payments software to processors and financial institutions, has announced that it has successfully completed the implementation of its open development payments platform TranzAxis with Klarna, a leading European online payment provider. Read more »
The European Banking Authority (EBA) and European Central Bank (ECB) are stepping up their cooperation to increase the security of retail payments. Read more »
The Payments Council reported its latest dashboard for the new Current Account Switch Service, covering the first full 12-month period from the start of October 2013 to the end of September 2014. More than two-thirds of people (69%) in the UK are now aware of the Current Account Switch Service - up from 60% in October 2013. Customer confidence in the new service is similarly high, increasing slightly from 61% to 62% over the same time period. Read more »
Compass Plus, an international provider of innovative retail banking and electronic payments software to processors and financial institutions, has announced that TranzWare e-Commerce, it’s online authentication solution, now supports American Express SafeKey. Read more »
