PayTech


“Landmark” reached as ISO 20022 comes to international payments

International payments may soon be made using the ISO 20022 messaging standard for the first time, following the publication of the first draft of ISO 20022 payments messages by an industry association backed by Payments UK (formerly the UK Payments Council).

Sen. Blumenthal Asks MCX to Explain M-Payments Exclusivity Policy (Aug. 6, 2015)

Sen. Richard Blumenthal (D-Conn.) this week sent a letter to the retail consortium Merchant Customer Exchange (MCX), which is readying the launch of its CurrentC mobile payments service, demanding details about its exclusivity policy requiring participants to block rival mobile wallets, along with other information.

Wincor Nixdorf targets Brazil retail banking market

ATM maker Wincor Nixdorf is to expand its ATM business in Brazil, following a deal with Brazilian hardware company Perto. The deal comes as the BRIC market expands its retail banking infrastructure to serve the growing middle class of Brazilian society.

People on the Move: Meredith Fuchs and David Bleicken, CFPB

The CFPB has announced that Meredith Fuchs will serve as acting deputy director, replacing Steve Antonakes, who left the bureau at the end of July. David Bleicken, deputy associate director for supervision, enforcement and fair lending, will serve as acting associate director for supervision, enforcement and fair lending until a replacement is hired.

People on the Move: Andrew Johnson, National Gift Card Corp.

National Gift Card Corp. has announced that ngcEurope CEO Andrew Johnson was recently honored with the annual U.K. Gift Card and Voucher Association’s Lifetime Achievement Award and named to the organization’s Hall of Fame by a vote of its members.

People on the Move: Cathy Pace and Andrew Rosen, PSCU

PSCU, a credit union service organization (CUSO) based in St. Petersburg, Fla., has appointed as associate directors Cathy Pace, president and CEO, Allegacy Federal Credit Union, Winston-Salem, N.C.; and Andrew Rosen, president and CEO, Hawaii State Federal Credit Union, Honolulu, Hawaii.

Will PSD2 be the driver for a new era in open banking?

So after the protracted and ongoing rollout of SEPA, along comes further EU regulation in the guise of the second phase of the Payment Services Directive (PSD2) with further challenges to banks impacting the provision of one of the core banking services – namely payments

MasterCard and Samsung prepare Samsung Pay Europe launch

Samsung is set to launch its upcoming payments service Samsung Pay in Europe within months, following a deal with MasterCard which will see Samsung Pay rolled out across the region through MasterCard’s Digital Enablement Service.

How the Internet of Things is helping banks put their customers first

At the SAP Financial Services Forum in London last month, the topic of digital transformation dominated the agenda. From legacy banks with lumbering IT systems to nimble fintech startups, the consensus was clear: The long-standing status quo is simply unsustainable in an increasingly digital economy