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Category: Channels


Channels

Mastercard and Visa pick new partnerships to drive biometric payments

June 15, 2021

Via: FinTech Futures

Mastercard has partnered with UK-based FinGo, the world’s first biometric identity authentication and payments platform, giving the fintech access to the white labelled Mastercard Payment Gateway Services (MPGS). The move will enable FinGo to grow its footprint for biometric payment […]


Activity, Channels, Retail Banking

U.S. Bank Survey: COVID-19 Accelerated Virtual Care, Healthcare Payments Digitization

June 10, 2021

Via: Yahoo

The COVID-19 pandemic had a significant impact on how consumers received and paid for their visits to hospitals, clinics, urgent care centers and doctor’s offices in 2020, a new survey from U.S. Bank revealed. The key findings: Virtual care and […]


Activity, Channels, Corporate Banking

AmEx, Synchrony bid to wrest Amazon card portfolio from JPMorgan Chase

June 9, 2021

Via: Banking Dive

American Express and Synchrony are among the bidders looking to replace JPMorgan Chase as the issuer of Amazon’s co-branded credit card, Bloomberg and Reuters reported Tuesday. JPMorgan could get a 15% premium on top of the balance — which is […]


Activity, Channels, Corporate Banking

Goldman Sachs taps Visa for cross-border payment upgrade

June 7, 2021

Via: Payments Dive

Cross-border payments have long been complicated, slow, and expensive for businesses, with a labyrinth of correspondent banks, compliance requirements and entrenched systems often bogging down the movement of money. Lately, digitization of services and new software tools have set off […]


Activity, Channels, Retail Banking

eBay split from PayPal for paying sellers comes into effect

June 3, 2021

Via: Banking Technology

Previously eBay charged a flat 10% of the sale price, including postage, with PayPal taking a cut of 2.9% of the final amount, including postage, plus a small sum for each transaction. As of 1 June, eBay is charging a […]


Channels

Customers Bank plans blockchain-based payments with Tassat

May 25, 2021

Via: FinTech Futures

Tassat says the partnership will deliver enhanced payments functionality for the bank’s business clients and low-cost core deposit growth for the bankIt has kicked off a national expansion, with offices opened in Florida, Texas, and Illinois According to Tassat, Customers […]


Channels

Emergence and Rising Adoption of Cryptocurrencies Stimulates Fintech Blockchain Market

May 19, 2021

Via: TechBullion

Blockchain technologies use a shared ledger of sorts to record transactions over a decentralized network of computational devices. Blockchain technologies enable operations in real time, thus taking away the need for a central clearing authority. This saves time as well […]


Channels

Silicon Valley Bank inks payments processing deal with Modern Treasury

May 17, 2021

Via: FinTech Futures

The deal sees the deployment of automated payment operations, which will simplify the management of “the entire cycle of money movement”, the two firms say. SVB and Modern Treasury will provide mutual clients with processing directly through their SVB bank […]


Channels

Three US credit unions select Bankjoy for digital banking

May 12, 2021

Via: FinTech Futures

The three firms are Wisconsin-based Fort Community Credit Union, Alltrust Credit Union in Massachsetts, and Mississippi-based Statewide Federal Credit Union. Combined, the credit unions hold $760 million in assets and hold more than 57,000 members. All three are installing Bankjoy’s […]


Channels

Visa invests in Remitly, extends partnership

May 12, 2021

Via: Payments Dive

Visa and Remitly first partnered in 2019 when Remitly connected its money transfer services to the Visa Direct real-time “push payments platform.” At that time, payments using their joint services could be sent to “multiple countries,” but now Remitly says […]