Tag: payments

April 22, 2021

Hannah Qiu, CEO in China for PayPal, told the publication her firm is avoiding competition from local players Alipay and WeChat Pay by looking abroad. PayPal has a history of success in China, especially when it comes to breaking into […]

April 13, 2021

Digital payments have clearly been catching on with the annual volume climbing by more than a billion annually in each of the past six years and the annual value growing by more than $1 trillion in each of the last […]

March 29, 2021

The firm, launched in 2016, provides loans of up to $25,000 to foreign nationals in the US at what it calls “better rates” than existing options. Stilt says it can get an update on loan applications within 24 hours. A […]

March 23, 2021

The department is looking into whether Visa abuses its position in the debit card market, and limited merchants’ ability to route transactions through less expensive networks. “The US Department of Justice has informed Visa of its plans to open an […]

February 25, 2021

When JPMorgan Chase’s blockchain unit, Onyx, wanted to test payments capabilities between digital devices, it thought big. Like, universe big. “The idea was to explore [Internet-of-Things] payments in a fully decentralized way,” Onyx CEO Umar Farooq told Reuters. “Nowhere is […]

January 26, 2021

The company says its payment operations and treasury management solutions have experienced “explosive growth”. The software enables users “to instantly close books with continuous accounting, manage payments and banking through a single platform, and have complete cash visibility”. Last year, […]

January 11, 2021

“Deutsche Bank engaged in a seven-year course of conduct, during which it failed to implement a system of internal accounting controls regarding the use of company funds and falsified its books and records to conceal corrupt and improper payments,” Robert […]

January 11, 2021

Goldman Sachs and JPMorgan will suspend contributions to both political parties for six months. “The country is facing unprecedented health, economic and political crises,” Peter Scher, JPMorgan’s head of corporate responsibility, told CNBC. “The focus of business leaders, political leaders, […]

December 22, 2020

Ransomware is on the rise across all sectors. Sophos reports that half of all companies it surveyed had been hit by a ransomware attack and 48% of financial services firms reported being targeted. As fraudsters get more sophisticated, we will […]

December 10, 2020

Bank of America issued more than 8.2 million cards holding more than $105 billion between March and November under a contract with the California Employment Development Department (EDD). After the EDD announced that nearly 350,000 of its debit cards had […]

November 23, 2020

SIA and Colt will help the ECB connect through a single access interface, the Eurosystem Single Market Infrastructure Gateway (ESMIG). ESMIG is a component in the implementation of the Target and Target2 securities and instant payments consolidation projects. The ECB […]

September 16, 2020

According to UK Finance, its members reported 15,000 cases between January and June 2020. Criminals raked in more than £58 million using the technique. Impersonation scams occur when a victim pays a criminal claiming to be from a trusted organisation. […]

August 28, 2020

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 […]

July 27, 2020

German Finance Minister Olaf Scholz intends to unveil a reform of the government’s financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of Chancellor Angela Merkel’s government. Scholz’s 16-point “action plan” would install […]

July 23, 2020

The UK bank is acquiring an undisclosed minority equity stake in Form3 as part of the fintech’s next investment round, which is expected to complete in August. The new technology partner joins Lloyds’ current partners Google Cloud and Microsoft. New […]

June 25, 2020

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.” […]

June 23, 2020

Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity […]

June 12, 2020

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 […]

June 2, 2020

Colorado-based Western Union has reportedly made a takeover offer for MoneyGram, but no decision has been made, and the acquirer could opt to proceed without a deal. Neither party has commented on the deal. Dallas-based MoneyGram has suffered due to […]

May 29, 2020

Welcome Technologies is a for benefit corporation that has spent the last decade providing immigrants with health, education and legal support. Now, working with Green Dot, it is introducing PODERcard, an account and Visa card that aims to help close […]