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Tag: payments


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Meed to unveil mobile banking programme in US

September 12, 2018

Via: Banking Technology

It says its customers can be “paid to bank” through its “income-building” SocialBoost programme. According to the firm, customers can earn an income stream in return for growing the Meed community among their family and friends. The result is an […]


Channels

Banking Circle launches receivables factoring

September 11, 2018

Via: Finextra

Through this new lending solution, PSPs can now offer their merchant customers the facility of instant settlement of receivables due, without waiting for settlement cycles or invoice due dates. As a next-generation provider of mission-critical banking infrastructure – from payments […]


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German minister calls for independent EU Swift payments network

August 22, 2018

Via: Banking Technology

Germany’s foreign minister Heiko Maas is calling for the creation of a new payments system independent of the US to keep the Iran nuclear deal afloat. “It’s essential that we strengthen European autonomy by establishing payment channels that are independent […]


Business banking, Products

Square no longer angling for US bank charter

July 6, 2018

Via: Banking Technology

Square has withdrawn its application to open a new depository bank in the US, but says it plans to apply later to the Federal Deposit Insurance Corp (FDIC). As reported in September 2017, Square was applying for an industrial loan […]


Channels

JP Morgan Chase’s mobile app Finn goes nationwide

June 29, 2018

Via: Banking Technology

JP Morgan Chase is now offering its digital bank account for smartphones, Finn by Chase, across the US. As reported in October, JP Morgan launched the app. Designed for millennials, Finn will allow customers to open a bank account, make […]


Capital and risk, Operational, Products, Retail banking

Merchants, retail banks and billing orgs favour real-time payments and open banking

June 20, 2018

Via: Finextra

Comprised of responses from executives across the merchant, digital goods, hospitality, telecom and travel sectors, the benchmark also revealed that 51 percent of all merchants, billing organizations and retail banks will increase their IT budgets for payments-related projects in 2018. […]


Business banking, Products

PayPal and Google Pay deepen payments relationship

May 25, 2018

Via: Banking Technology

Bill Ready, COO and EVP, PayPal, says it already partners with Google for its shared users to pay via PayPal in-store, online and in-app with Google Pay and on Chrome mobile web. They are now extending that partnership to offer […]


Products, Retail banking

Apple and Goldman Sachs to unveil new credit card

May 11, 2018

Via: Banking Technology

The WSJ cited people with knowledge of the process, and says the move comes as Goldman continues to make a push into consumer banking activities such as deposit-taking and personal loans. In a major blow to Barclays, the WSJ says […]


Activity, Investment banking

Citi and PNC invest in B2B payments outfit HighRadius

February 15, 2018

Via: Finextra

Citi Ventures and PNC have made strategic investments in business-to-business payments and receivables software provider HighRadius. Terms were not disclosed. HighRadius operates in an area where banks and enterprises recognise that receivables management has to address the 50% of B2B […]


Capital and risk, Operational

Upgrade your banking software like TESLA

January 15, 2018

Via: Finextra

There’s a lot about TESLA’s way of doing business I admire; especially when I think about what it could bring to the world of financial technology. I don’t mean a banking system powered by lithium-ion batteries or setting up branches […]