Switch unveils Cardsavr API to get cards into e-commerce circulation faster
The “first and only” fintech addressing this credit card management issue for consumers, merchants and FIs.
E-commerce
Coinbase launches crypto e-commerce acceptance
Digital currency wallet Coinbase is expanding its horizons with the launch of Coinbase Commerce.
Start-up Intrapay enters payments fray
Intrapay has launched for business “to refresh the payments industry with customer-driven innovation”.
Industry alignment or industry confusion – what is a financial institution?
How industry labels and market segment boxes are no longer so revealing.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
The importance of knowing your payments are secure
The explosion of e-commerce has led to an increase in online fraud and money laundering.
Are Amazon and Salesforce ditching Oracle?
If you say mean things about the other children, they won’t want to play with you.
Fintech funding round-up: 20 December 2017
Features Raisin, PayPal, Home Credit Venture Capital, Barion Payment and Cash Svidha.
CashStar launches digital gifting programme with Belk department store
Waiting to send a digital gift card for southern US clothing styles? You’re in luck.
TSYS to acquire fellow paytech firm Cayan for $1.05bn
The acquisition is expected to close in Q1 next year.
Financeit recapitalisaton gives Goldman Sachs majority stake
Point of sale (POS) financing provider Financeit completed an investment round with existing shareholder Goldman Sachs
FI.SPAN partners with Beanworks to build B2B payments hub
FI.SPAN will provide pre-integrated third party fintech solutions into the hub.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
Bankers and retailers – will we see roles switch? Or simply morph into a single discipline?
Technology is having a tremendous impact on the way communities shop so changes are more or less expected as we see these shopping mall operators push back on so many dire predictions being made about them. But can they change and yes, could these changes lead to a greater overlap with banking as it exists today? Do we even need differentiation between the two and yes, will they both be able to keep us satisfied when it comes to access to our cash?
Sibos 2017: fear the bigtech
As the financial services industry and fintechs work ever closer, where does that leave bigtech?
Q&A with Teri Llach, Blackhawk Network
Ahead of Money2020 and the busiest shopping season of the year, Paybefore spoke with Blackhawk Network’s Chief Marketing Officer, Teri Llach, about connecting with consumers in every channel.
Bill.com discloses September investment round, doubles total funding
Business payments network Bill.com has updated the news regarding the $100 million in funding it landed last month. The round was lead by JP Morgan Chase and Temasek.
Q&A with Michael Parlotto, InComm
Michael Parlotto, VP, Emerging Technologies, InComm, gives the lowdown to Paybefore on the evolution of prepaid and what the future might hold for the industry.
Infographic: how businesses submit invoices to customers
Everyone’s heard the proverbial drill that the cheque is invariably in the mail. But even as we head toward the end of 2017, it’s becoming clear just how true this statement is. In fact, many industries are still processing their customers’ payments using postal mail and paper cheques! This despite the array of accounts payable […]
Mastercard, Swarovski Launch VR Shopping
Mastercard and Swarovski have teamed up to launch a virtual reality (VR) shopping app for the Atelier Swarovski home décor line. The app immerses consumers in a home where they can browse and purchase the pieces with Masterpass.
Fifth Third Bets on Gaming with Investment, Partnership
Fifth Third Bancorp is placing its bets on the newly merged gaming payments companies NRT Technology Corp. and Sightline Payments, announcing a strategic relationship and equity investment in NRT Sightline, “one of the largest pure-play casino payment-technology companies in the world.”
Leveraging AI and Machine Learning to Enhance the Customer Experience
As big data just keeps getting bigger, banks, retailers and every other kind of company must have more sophisticated tools to understand and predict what customers want and need.
Payments funding round-up: 12 September 2017
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Walmart Taps Google for Omnichannel Commerce Play
Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018. Starting in late September, the retail giant will be working with Google to offer hundreds of thousands of items for voice shopping via Google Assistant.
eMerchantPay Gets E-Money License, Joins PIF
Global payments service provider eMerchantPay has received authorization from the Financial Conduct Authority as an e-money institution, which means it can issue products including payouts, e-wallets and prepaid cards, and has joined the Prepaid International Forum.
The app economy is real, because our time is just too important
Many famous faces have decorated our notes over the years, but just like the cheque, cold, hard cash is living on borrowed time.
Wirecard, Gambio Launch GambioPay for E-Merchants
Wirecard is expanding its collaboration with shop system developer Gambio to launch GambioPay, which the companies say simplifies payments processing and cuts costs for online retailers.
Podcast: Amazon is everywhere
11:FS Fintech Insider podcast featuring FinTech Futures’ Tanya Andreasyan.
paysafecard Enters UAE to Enable Online Payments with Cash
Prepaid pioneer paysafecard, part of Paysafe Group plc, announced its entrance into the United Arab Emirates. With its flagship prepaid solution, paysafecard will enable consumers to pay cash at vending machines and in retail stores for a prepaid PIN they can use to shop online.
Fintech earnings round-up: 31 July 2017
Several major payments companies have released Q2 earnings, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.
NCR Tackles Omnichannel Issues for Restaurants, Food Delivery
NCR Corp. on July 24 announced partnerships with Grubhub and DoorDash that it says will improve payments, order-ahead and delivery services for restaurants.
Ingenico Buys Bambora for €1.5 Billion
In payments, the big guys just keep getting bigger and more diversified. Ingenico Group on July 20 announced its €1.5 billion (US$1.74 billion) purchase of Sweden-based payments company Bambora from Nordic Capital.
PayPal Teams with Samsung Pay
The partnerships keep coming for PayPal. Following recent news that the company is partnering with Apple for payments on iTunes and in the App Store, the company announced July 17 that it’s expanding its partnership with Samsung to enable PayPal as a payment method in any channel Samsung Pay is accepted.
Worldline Buys Digital River World Payments to Support Global Expansion
French payments technology provider Worldline is expanding its global footprint with a definitive agreement to acquire 100 percent of the share capital of Stockholm-based Digital River World Payments, an online global payment service provider from Digital River Inc.
Apple Deal Puts PayPal One Step Closer to Ubiquity
One small step for consumer choice in e-commerce, one giant leap in PayPal’s quest for ubiquity. The company announced a partnership with Apple to enable shoppers to pay for their purchases in the App Store, iTunes, Apple Music and iBooks using PayPal.
Bold statement three: statements from around the bleeding edge of innovation
Hello all and apologies it’s taken a little while to get to the third instalment of the series about “pet peeve statements”. For those who are new, I am talking about those bold, declaratory statements that puff up the chest and make people feel awfully progressive and far sighted – and as I have said before, all sound and fury, signifying stormy waters ahead!
Interview: Nelson Holzner, AEVI – imagination will take you everywhere
Nelson Holzner, newly appointed CEO of AEVI, talks to Banking Technology about the importance of innovation and simplification, and addressing real-life problems with working solutions. “Do more” is AEVI’s motto.
Citi Pay Lands in U.S. with Masterpass
After launching in 2016 in Singapore, Australia and Mexico, Citi Pay has arrived in the U.S. and is enabling tokenized payments via existing online credentials.
Planet Payment, ACI Launch UnionPay’s SecurePlus
Processors Planet Payment Inc. and ACI Worldwide are working together to bring UnionPay International’s SecurePlus solution to merchants eager to accept the Chinese issuer’s debit and credit cards with less customer friction and more currency options.
Instant Payments Set to Displace Cards in Europe, Report Says
More than $809 billion is set to switch to the fledgling instant payments system in Europe by 2027, representing a significant threat to cards, according to a new report from Ovum, a London-based consultancy. Instant, or real-time, payments enable account-to-account bank transfers in seconds instead of days.
