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Category: Channels


Channels, Regulations

WeChat transactions ban blocked by US judge

September 22, 2020

Via: Banking Technology

The ban is a response to an executive order from President Donald Trump. The Department of Commerce announced last week it would prohibit transactions on mobile apps WeChat and TikTok. The order was to come into force on 20 September. […]


Channels

Banking of the Future

September 11, 2020

Via: Finextra

Global trends, changing business models and innovations pose new challenges for the world of payment transactions. New payment providers simplify payment processes and seemingly threat the existing ecosystem of banks and financial service providers. Seemingly – because banks also keep […]


Channels

How open banking will force banks to adopt the cloud

September 1, 2020

Via: Bank Innovation

Banks may need to share information with other financial institutions sooner than they thought. That will cause companies to finally embrace the cloud. At some point over the next few years, banks will be required to relinquish control of the […]


Channels, Products, Retail Banking

Mastercard targets touchless economy

August 28, 2020

Via: Finextra

The payments giant is working with AI and computer vision technology partner Accel Robotics on its Shop Anywhere platform, which promises to improve the speed of the shopper journey by eliminating points of friction through robust inventory and participating shopper […]


Channels

Covid-19 will ignite new agendas for payment trends and regulations

July 15, 2020

Via: Finextra

Most notably, the decline in the use of cash has accelerated, with fewer shops accepting only electronic means of payment and even more commerce taking place online. This will however have ramifications for the unbanked who rely on paper money […]


Channels, Regulations

WhatsApp Pay suspended by Brazilian central bank

June 25, 2020

Via: Banking Technology

The news arrives just over a week after the payment service launched in Brazil. The south-American nation is Facebook’s second-largest market for WhatsApp. According to a Bloomberg report, the central bank made the decision to “preserve an adequate competitive environment.” […]


Channels

Why the COVID-19 pandemic might be a catalyst for further adoption of worldwide real-time payments

June 12, 2020

Via: Finextra

The COVID-19 pandemic, which has already led to massive changes in business and consumer behaviour, is accelerating the adoption of digital payments and the interest in real-time payments across the globe. During a recent webinar we organized to discuss ACI’s […]


Channels

Coronavirus crisis mobile banking surge is a shift that’s likely to stick

May 27, 2020

Via: CNBC

Digital banking isn’t new, but with the coronavirus pandemic, young and old Americans suddenly flocked to online and mobile banking en masse. The sudden uptick in online and mobile traffic even created outages. Among those affected: online platforms for U.S. […]


Business Banking, Channels, Products

Mastercard pushes ahead with B2B payments modernisation porgramme

May 12, 2020

Via: Finextra

Today, Mastercard is making that vision a reality by announcing the commercial launch of Mastercard TrackTM Business Payment Service. It offers greater control over payments and richer data exchanges that enable automated reconciliation for Suppliers and application of all payment […]


Channels, Products, Retail Banking

Beware the Fees That Come With Some Money Transfers on Apps

April 24, 2020

Via: The New York Times

Money transfer apps, which allow you to quickly pay friends and family through your smartphone, have grown in popularity in recent years. And the coronavirus pandemic has only expanded their use — to pay gig workers, make donations or simply […]