PayTech

i2c Integrates Platform with MasterCard’s Mexico Domestic Switch (Sept. 16, 2013)

Sept. 16, 2013 i2c Inc. today announced the completion of a direct integration of its platform with MasterCard’s domestic switch in Mexico, where the cloud-based payments processor sees significant growth opportunities. Redwood City, Calif.-based i2c completed all requirements for certification with MasterCard’s Mexico Domestic Switch service, which i2c says will help accelerate implementations of prepaid, credit […]

• 16th September 2013

Western Union Makes Moves in China (Sept. 16, 2013)

Sept. 16, 2013 Western Union has made a pair of major inroads into the Chinese banking channel. Through a deal struck last week with Shanghai-based payment card network UnionPay, the money transfer giant now can reach 95 percent of all personal bank accounts in China. The pact enables Western Union customers in 23 countries to […]

• 16th September 2013

Pingit Adds Pair of Mobile Shopping Features (Sept. 16, 2013)

Users of Barclays Pingit U.K. mobile money transfer app have two new ways to make online purchases, with a pair of features being launched this week.

• 16th September 2013

Rise in non-cash volumes brings innovation opportunity

Global non-cash payments volumes continue to rise unabated, according to World Payments Report 2013 (WPR 2013), which was launched today. Non-cash transactions grew by 8.8 per cent during 2011 (the latest year for which full data is available) and are predicted to top 333 billion for 2012.

• 16th September 2013

Clear2Pay Supplement Sibos 2013

Clear2Pay Supplement Sibos 2013

• 16th September 2013

Daily News at Sibos 2013: Day 1

• 16th September 2013

Talking Heads: a matter of principle

Five years on from the financial crisis and banks still face a rising tide of regulatory initiatives. Daily News at Sibos asked several industry executives whether the price of regulation is becoming too high

• 16th September 2013

Swift at 40: James Willis

To mark Swift’s 40th Birthday, Banking Technology is publishing a series of interviews with staffers looking back over how the organisation has changed during their time there, and where they see it developing in the future. Today: James Wills, senior business manager, banking initiatives/standards

• 15th September 2013

Swift at 40: Alain Raes

To mark Swift’s 40th Birthday, Banking Technology is publishing a series of interviews with staffers looking back over how the organisation has changed during their time there, and where they see it developing in the future. Today, Alain Raes, chief executive EMEA and Asia Pacific.

• 13th September 2013

Where the world is your lobster …

Rapidly becoming an international transport hub, Dubai is a thriving multicultural city. David Bannister, editor of Banking Technology, samples some of the city’s culinary and cultural delights.

• 12th September 2013

MasterCard: Prepaid is Fastest-Growing GDV Category as Digital Payments Grow Worldwide (Sept. 12, 2013)

Prepaid accounted for the strongest growth rate in gross dollar volume (GDV) for all payment card types during the first half of this year for MasterCard Worldwide, as prepaid card use cases expanded worldwide, the network told investors yesterday.

• 12th September 2013

Rep. Hensarling ‘Welcomes’ CFPB Director Cordray to Finance Hearing (Sept. 12, 2013)

Sept. 12, 2013 Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), presented the agency’s semi-annual report to the U.S. House Committee on Financial Services during an often contentious hearing this morning. Literally seconds after welcoming Cordray to this morning’s hearing, Committee Chairman Jeb Hensarling (R-Texas) assailed the agency for the relatively unchecked power […]

• 12th September 2013

Fed Seeks Industry Input on Payment Improvements (Sept. 12, 2013)

Sept. 12, 2013 The Federal Reserve is seeking payments industry input on a set of new policy proposals to modernize and improve the nation’s payments system in the wake of rapid changes in technology and consumer expectations. Earlier this week, the agency released its Payment System Improvement – Public Consultation Paper, the purpose of which […]

• 12th September 2013

Sprint ‘Boosts’ Wallet with Remote Check Deposit Service (Sept. 12, 2013)

Sprint’s Boost Mobile Wallet users now have a way to turn checks into instant funds with a new service dubbed Quick Check, which uses remote deposit capture to deposit checks into customers’ wallet accounts.

• 12th September 2013

Blog: Never Count Microsoft Out: Microsoft-Nokia Acquisition Analysis (September 2013)

Mary Monahan, Javelin Strategy & Research

Microsoft’s canny purchase of Nokia for the bargain price of $7.2 billion reopens the rumors that Stephen Elop’s move to Nokia was a Trojan horse, intended to open the doors to the announcement last week.

• 12th September 2013

Blog: Fraud Trends to Watch

By John Dancu, IDology Fraud? Oh no … couldn’t happen to me! Is that how you or your organization approaches potential fraud? Well … if it is, it might be time to take a closer look. In our recent “Fraud Report,” which polled senior executives from our customer base of financial service providers and companies […]

• 12th September 2013

PayPal Preps ‘Hands-Free’ Payments; Apple Debuts Fingerprint Security (Sept. 10, 2013)

PayPal could give mobile commerce a big boost with the introduction of PayPal Beacon, a service it’s piloting this fall that will enable customers who opt in to pay “hands-free” with their PayPal mobile apps at participating merchants.

• 10th September 2013

Payments in Transit: Ventra Rolls Out in Chicago, Octopus Unveils Mobile Plans (Sept. 10, 2013)

Two major mass transit contactless payment initiatives are speeding forward this week, with the debut of Chicago’s Ventra system and the announcement of a smartphone-based payment feature for Hong Kong’s transit network.

• 10th September 2013

Investors Pump Millions into M-Payment Companies Check and Paydiant (Sept. 10, 2013)

Sept. 10, 2013 The money keeps pouring in as two mobile payments players, Check and Paydiant, are the latest to report recent infusions of capital. Wellesley, Mass.-based Paydiant announced today that it has closed a $15 million round of funding from North Bridge Venture Partners, General Catalyst Partners and Stage 1 Ventures, among others. The new […]

• 10th September 2013

Sumitomo to Launch payWave-Based NFC App (Sept. 10, 2013)

Japanese banking group Sumitomo Mistui will launch a new NFC payment service that will be available through all three of the country’s mobile network operators and more than 30 NFC-enabled smartphone models.

• 10th September 2013

PayPal’s Mobile App Redesign Touts POS Acceptance, Merchant Deals (Sept. 9, 2013)

PayPal is making a splash with a redesign of its mobile app that pulls together several of the company’s latest initiatives into a digital wallet emphasizing consumer benefits, including instant discounts and the ability to pay at the POS.

• 9th September 2013

Vodafone, Visa to Pilot New Zealand NFC Wallet (Sept. 9, 2013)

Vodafone and Visa are teaming up to launch an NFC-based mobile payment pilot in New Zealand.

• 9th September 2013

Bitcoin Dealers Seek Regulation in U.K., Startups Launch Bitcoin ATMs (Sept. 9, 2013)

Sept. 9, 2013 Financial institutions and Bitcoin companies met last week with several British government agencies, asking them to consider regulating the virtual currency so they can be used to promote commercial growth and encourage financial innovation. Representatives from Bitcoin companies and smaller FIs told officials that “big banks are blocking the creation of business […]

• 9th September 2013

mPOS Takes to the Sky with Delta In-Flight Sales Platform (Sept. 9, 2013)

Delta Air Lines has equipped more than 19,000 of its flight attendants with Nokia Lumina mobile devices with mobile POS capability for the airline’s new in-flight purchase program.

• 9th September 2013

Gamification: More than Just Fun and Games (September 2013)

To drive customer education and engagement, financial services providers are applying the concepts of gaming—and it turns out a little fun can drive serious results.

• 5th September 2013

Life beyond legacy: exploring the options

The payment industry has never seen so much change or opportunity. It continues to be reshaped by shifts in the economic landscape, new technologies and customer needs and this is set to continue.

• 5th September 2013

Viewpoint: Hiring and Retention Tips from a Payments Recruiter (September 2013)

The scoop on the hottest jobs in prepaid. Plus, how to attract (and keep) the best talent.

• 4th September 2013

Reports: Prepaid Card Market Slows But Can Rebound (September 2013)

Prepaid card market growth slowed from 2011 to 2012 as a then-softening economy and compliance complexities finally caught up to the industry.

• 4th September 2013

Green Dot Seeks $90 Million in Sallie Mae Prepaid Card Breach of Contract Suit (Sept. 4, 2013)

 Sept. 4, 2013 Green Dot Corp. is seeking $90 million in damages from Sallie Mae in a lawsuit claiming the student loan giant misled Green Dot about the prospects for a prepaid card the two companies announced last year to help colleges disburse student financial aid refunds that Sallie Mae pulled the plug on. In a […]

• 4th September 2013

Russia Launch Gives PayPal Access to Hot Market (Sept. 4, 2013)

Sept. 4, 2013 PayPal Inc. is opening for business in Russia, now that the San Jose, Calif., payment giant has overcome the regulatory barriers to fully operating in the country. According to a report in the Moscow Times, PayPal will begin enabling account holders to transfer funds to Russian banks in rubles starting on Sept […]

• 4th September 2013

Mint Wireless Unveils New Platform for Australia, New Zealand Payments (Sept. 4, 2013)

Australia-based mobile payment processor Mint Wireless has announced the launch of a new platform the company says will simplify the integration of card payments across multiple mobile devices and platforms.

• 4th September 2013

More Payment Terminal and Software Providers Support Isis SmartTap (Sept. 4, 2013)

Isis says it’s bolstering its market position before its national rollout with a handful of payment terminal manufacturers and software providers that are integrating Isis SmartTap capabilities into a range of POS systems, including integrated POS terminals and vending machines.

• 4th September 2013

MasterCard, Blue Label Telecoms Tackle Card Acceptance in Rural South Africa (Sept. 3, 2013)

Blue Label Telecoms today announced a partnership with MasterCard that will expand electronic payment terminals to 22,000 small traders and rural shops in South Africa.

• 3rd September 2013

PreCash Eyes Bill Pay/Mobile App Combo to Drive Customer Relationships (Sept. 3, 2013)

Payments processor PreCash is combining a mobile app with its bill payment technology to help consumers pay bills with cash, which the company hopes will translate to a broader financial services relationship with PreCash.

• 3rd September 2013

Win Me Over: What Will it Take for Consumers to Embrace Mobile/Digital Wallets? (September 2013)

What consumers want from mobile wallets is a question not easily answered, nor is it clear whether any of the mobile wallets developed so far will hit the jackpot in creating a consumer experience compelling enough to change entrenched habits.

• 3rd September 2013

CMS Says Insurers Must Accept Prepaid Cards (Sept. 3, 2013)

Sept. 3, 2013 Health insurers must accept prepaid cards as payment for coverage mandated by the Affordable Care Act, the Centers for Medicare & Medicaid Services (CMS) said in a rule issued last week. The rule paves the way for more than 8.5 million uninsured people who would otherwise have difficulty buying coverage on insurance […]

• 3rd September 2013

Banco Santander Partners with iZettle in Mexico, Oberthur in Chile (Sept. 3, 2013)

Less than three months after iZettle’s first venture outside of Europe, the Swedish mobile payments company again has partnered with Spain’s Banco Santander to launch its m-payments service, which enables customers to accept card payments with their smartphones or tablets and an iZettle card reader, in Brazil.

• 3rd September 2013

Companies on the Move: Transaction Wireless, ACE Award (September 2013)

Transaction Wireless, a San Diego-based provider of cloud-based solutions for B2C and B2B gift cards, recently received the Incentive Gift Card Council’s ACE Award.

• 30th August 2013

People on the Move: Brian Tordsen, Sunrise Banks (September 2013)

St. Paul, Minn.-based Sunrise Banks recently appointed Brian Tordsen executive vice president and director, national products group.

• 30th August 2013

People on the Move: Lance Johnson, Sequent Software (September 2013)

Sequent Software, a Redwood City, Calif.-based Trusted Service Manager software and services platform provider, announced that Lance Johnson has joined the executive team as chief security officer.

• 30th August 2013