Tag: payments

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 […]

January 24, 2020

Following up on a survey from last year, BIS quizzed 66 central banks, covering 75% of the world’s population and 90% of its economic output, about their intentions regarding CBDCs. Some 80% of respondents (up from 70% a year ago) […]

January 20, 2020

The report models how a cyberattack on a single large bank, a group of smaller banks or a common service provider can be transmitted through the wholesale payments network. The researchers estimate that a hit on a big five bank […]

December 17, 2019

The payments provider is arguing that the regulator has dismissed its arguments that digital wallets do not operate in the same way as reloadable debit cards. As a result, PayPal says the agency’s guidelines are forcing it to be “misleading […]

November 15, 2019

This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance, fintech firms have entered the market with an intent to disrupt. According to Deloitte, fintech companies now […]

October 29, 2019

The new solution – Spring by Citi – has been designed to offer institutional clients the chance to collect from a “wide range” of payment methods including cards, ewallets, instant payments, and open banking. Global Processing will provide its card […]

October 21, 2019

Today, the bank is introducing a series of new capabilities that increase efficiency, transparency and mobility for business customers. These updates are making business easier for the bank’s clients: Digitized KYC (Know-Your-Customer) Refresh. One of the biggest pain points for […]

October 18, 2019

Deciding between card, wire, automated clearinghouse (ACH) or supply chain finance depends on the nature of each individual supplier and is a complex, time-consuming task. To address that client need, Bank of America Merrill Lynch has introduced Accounts Payable Optimization. […]

July 11, 2019

With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers. Among them, Minneapolis-based Branch is working with employers to offer such employees digital money management tools […]

May 22, 2019

Sezzle will use Bank of America Merchant Services’ global payment platform powered by Visa’s CyberSource. “We’re thrilled to provide our payment solutions to this exciting business,” said David Ades, EVP, General Manager and Head of Sales North America at Bank […]

May 21, 2019

The institutions participating in the European pilot include Banque Internationale à Luxembourg, BBVA, Deutsche Bank, Natixis, Santander, Sberbank and UniCredit. The European Central Bank (ECB) and Swift have launched this initiative with the aim to extend the reach of instant […]

April 26, 2019

Saudi Payments, a fully owned subsidiary of the Saudi Arabian Monetary Authority (SAMA), has teamed up with Mastercard company Vocalink with the aim of upgrading the country’s payments infrastructure and boosting the digital economy. The partnership will enable instant payments […]

January 28, 2019

Until now, making payments required first direct customers to launch their banking app or login to online banking and enter the transaction details. Now, PayKey’s technology means that they can make a secure P2P payment while still in any messaging […]

December 3, 2018

In the European Payments Council’s (EPC) “2018 Payment Threats and Fraud Trends Report”, it provides a bleak and very lengthy overview of the most important threats in the payments landscape. There is a lot to mention, but the EPC raised […]

September 27, 2018

Anders la Cour, co-founder and CEO of Banking Circle, says: “Payment providers who join Banking Circle can offer ‘local’ cross-border payments, with low fees, good FX rates and fast transfer times. It’s a cohesive solution – there’s no differentiation between […]

September 12, 2018

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 […]

September 11, 2018

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 […]

August 22, 2018

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 […]

July 6, 2018

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 […]

June 29, 2018

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 […]