PayTech


Indian bank launches WhatsApp, Facebook, Twitter mobile payments

India’s Axis Bank has released a mobile payments service called Ping Pay, which allows customers to send money to each other using Facebook, Twitter, WhatsApp, email or phone number. The bank says the service will help it to reach young consumers and smartphone users.

People on the Move: Tony Sabetti, CPI Card Group

Littleton, Colo.-based card producer CPI Card Group has hired industry veteran Tony Sabetti to lead CPI’s mobile and NFC market initiatives through CPIMobile, a digital issuance solution using Sequent technology.

Company on the Move: FIME, EMVCo Board of Advisors

FIME, a France-based provider of consulting, test and certification services for payment systems, cards and terminals, has been elected to the EMVCo board of advisors to represent the technical associates for a one-year term.

People on the Move: David Durant, YapStone

YapStone, a global provider of Web and mobile payment technology solutions for large vertical markets and online marketplaces, named David Durant general counsel.

Industry bodies look to harmonise ISO 20022 real-time payment implementation

Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of ISO 20022 usage guidelines for real-time payments before the summer.

O2 Buys Weve, Ends Telco JV’s M-Payment Plans (May 7, 2015)

Weve, the U.K. telco-led mobile wallet joint venture of O2, Vodafone and EE, this week announced another major reorganization, abandoning its earlier mobile payments ambitions to focus on mobile advertising, under the sole ownership of O2.

V.me Set for Full Rollout in U.K. (May 7, 2015)

The U.K. rollout of Visa Europe’s V.me digital wallet is picking up steam, the payments network said, with support from banks representing more than half of the country’s 130 million cardholders and thousands of merchants.

EU Lawmakers Reach Informal PSD2 Agreement (May 7, 2015)

European lawmakers, following years of discussion, believe improved competition, more innovation and enhanced consumer protections in cross-border payments will be the result of an informal agreement on a revised Payment Services Directive (PSD2) reached this week.

Innotribe names South African Start-up Challenge finalists

The Innotribe Start-up Challenge attendees selected the five finalists from the African leg of the Start-up Challenge to compete at Sibos Singapore in October. The showcase was held yesterday alongside Swift’s African Regional Conference.

National velocity checking: the answer to MSB money laundering?

Anti-money laundering legislation cuts through the Gordian knot of bringing cases against companies at a stroke – it doesn’t require a ‘controlling mind’. In fact, it almost demands the opposite. A UK-wide system of velocity checking would go further in combating crime and protecting Money Services Businesses.

Bringing the channels together

Can the right combination of self-service device management, cash management and end-to-end transaction monitoring enable banks to embrace enterprise-wide performance awareness, and take a holistic approach to managing their multi-channel banking environments?

Visa Europe Opens Doors to Startups with Innovation Lab (May 5, 2015)

Visa Europe has not only opened the physical doors of its new international innovation hub in London, the payments network also is opening its figurative doors to working with companies across the fintech ecosystem to create what it calls a new generation of payment services.

V.me by Visa to be rolled out in UK this year

Visa Europe says that it will roll out its V.me by Visa in the UK this year, having secured commitment from 55% of the UK’s card issuance base, which accounts for more than 60 million card holders, and thousands of the UK’s retailers. It will now be commercially available to the majority of internet shoppers in the UK before the end of 2015.

Demystifying mobile payments

As mobile handsets become more prevalent as a tool for retailers, for payments, loyalty and engaging with consumers in and out of the store, security of sensitive data becomes increasingly more important.