Google Unveils New Payment Initiatives to Buoy Wallet (May 16, 2013)

Google is launching a trio of new services that leverage the tech giant’s ubiquitous online presence to spur usage of its mobile wallet. Announced at Google’s I/O Conference in San Francisco this week, the new initiatives include a one-click payments function for Google Wallet, an instant buy feature for Android and the ability to send […]

Marqeta Raises $14 Million, Reveals Facebook Card Connection (May 16, 2013)

May 16, 2013 Marqeta today announced plans for a major expansion with the $14 million raised in its latest funding round. The company also went public with the news that its stored value payments platform is powering the Facebook Card launched earlier this year. The Emeryville, Calif.-based startup last year rolled out its stored value […]

Turkland Bank adopts Infosys core banking tools

Turkish bank Turkland has installed new core banking, CRM and treasury systems from Infosys – the first time a Turkish bank has implemented an externally developed core banking system according to the firm.

Brazil brings mobile payments home

Brazil is to gain its first ever mobile payment service this month, with the launch of a joint service provided by Spanish and South American telecom firm Telefónica and MasterCard.

2013 Paybefore Awards: Best Non-U.S.-Based Program (May 2013)

 Best prepaid or emerging payments program launched and operated by a non-U.S. company outside the U.S. Best in Category: Power to Pay Program Power to Pay NFC tags for mobile phones were developed exclusively for IIT Bombay students and faculty and can be used at select campus outlets for day-to-day purchases via the RuPay payments […]

2013 Paybefore Awards: Best Consumer Value (May 2013)

The prepaid or emerging payments program that delivers the best consumer value proposition for the combination of features, functionality, service and price. Best-in-Category: BlackboardPay An open-loop, FDIC-insured prepaid account that can be integrated with a student ID card to facilitate disbursement of financial aid and student payroll, and providing access to 50,000-plus surcharge-free ATMs, free […]

2013 Paybefore Awards: Best Retail Merchandising (May 2013)

Best use of in-store merchandising to promote the sale, use and acceptance of prepaid cards and/or emerging payments products. Best-in-Category: Green Dot Retail Marketing  Comprehensive program of permanent and promotional merchandising that enabled smaller chains to participate, drove significant ROI and addressed cardholder behavior, such as usage and retention. Green Dot Corporation     Left […]

Is a waiting game a smart approach for post-trade service efficiency?

It’s often been said that the financial services industry is evolutionary rather than revolutionary, and in some instances this may have proved to be a safe bet. The industry is littered with systems that have grown out of cottage industry and ‘fitting square pegs into round hole, writes Paul Taylor, director global matching, Swift. However, we […]

Italy’s SIA set to connect to New York as recovery plan bears fruit

Milan-based financial technology firm SIA is expanding its reach to New York later this year in a move that caps the latest-phase of a three-year recovery plan for the firm. The extension of SIA’s Financial Ring to New York follows that activation of a hub in Frankfurt is the third cornerstone, after Milan and London, […]

RBC, Bell Team Up on Mobile Payments (May 14, 2013)

Royal Bank of Canada (RBC) has teamed up with telecom provider Bell Canada to announce a new mobile payment system that will enable RBC customers to make purchases online and in stores using NFC-compatible smartphones on Bell’s mobile network.