With new laws in Italy requiring all merchants and businesses to accept debit card payments on purchases over €30 (US$41), Telecom Italia is equipping its small-business customers with m-POS readers from payleven.
Moven, a mobile-focused financial services provider, announced today it has raised $8 million in Series A funding.
Financial app development pioneer Yodlee Inc. is ready to go public, 15 years after it launched amid the dotcom boom.
Australian broker Macquarie Futures has begun using a cloud-based reconciliation service from Gresham Computing and Amazon Web Services, which the broker says will help it to make its North American derivatives business more efficient.
By Marilyn Bochicchio, CEO Brad Hanson, president of MetaBank and its payments division Meta Payment Systems, has a vision. It’s bringing financial inclusion and dignity to those who don’t have access to traditional banking systems. And, he doesn’t care if you’re skeptical about a $1.9 billion asset bank from Storm Lake, Iowa, driving this initiative or […]
Just months after landing a mobile app partnership with McDonald’s in Sweden, Stockholm-based developer Seamless has reached a deal with U.S.-based technology company and prepaid distributor InComm.
PayPal’s bid for payments ubiquity continues. The company has unveiled a pair of initiatives that incorporate wearable and biometric technology, launching a new app for the Android Wear line of smartwatches and expanding its fingerprint authentication to the Samsung Galaxy tablet.
Getting mobile payments services to market quickly is one of the calling cards for host card emulation (HCE) technology, and Spanish financial services group BBVA is claiming to be the first major global bank to commercially launch an HCE-based mobile contactless payments service.
Customers of Bancomer Transfer Services Inc. will have more than a thousand additional locations in Mexico to collect cash remittances.
In a landmark ruling, the US Supreme Court has ruled that the intermediated settlement of financial exchanges is an abstract idea and therefore not patent-eligible. David Puth, chief executive of CLS, which won the case in question. discusses the implications of the ruling.
French trading solutions and connectivity specialist Ullink has agreed to acquire NYFIX and Metabit from ICE Group, as part of a deal the international company says will give it brand recognition in the US and new opportunities in Asia.
The Supreme Court ruled today to throw out President Obama’s recess appointments to the National Labor Relations Board (NLRB) as unconstitutional. CFPB Director Richard Cordray was appointed the same day but has since been confirmed by the Senate, suggesting the ruling will have little or no effect on the CFPB.
Debit card growth continued in 2013, with consumers and businesses increasingly shifting toward electronic payments.
A convenience that’s been catching on in the U.S.—depositing a check by taking a picture of it with a smartphone—is coming to the U.K., according to reports.
With the advancement of smartphone technology and social media, we’re witnessing a cascade of innovation around loyalty and incentive products. But driving steady deal redemptions requires smooth connections to payment network rails.
Growth in prepaid GPR and payroll cards today exceeds that of all other noncash forms of payment, but stickiness remains a problem for issuers and program managers. Adding mobile access and other financial tools to the mix—such as check deposits with instant good funds and expedited bill pay–makes prepaid a compelling proposition for consumers and providers alike.
Rule Financial, the London-based investment banking consultancy, has been acquired by GFT Technologies, adding some €42 million to the German technology firm’s turnover for the second half of this year.
A lesson learned from the global financial crises was how critical free cash flow can be for corporates, their customers, and their suppliers. As businesses seek to unlock cash flow from day-to-day operations, savvy treasurers have discovered vendor payments as a means to extend payment terms while improving vendor health, writes Chris Bozek, Managing Director, Head of Global Trade and Supply Chain Products Bank of America Merrill Lynch.
CARD.com, a mobile-focused financial product provider, has expanded its team with the additions of Linda Castillon as senior vice president of licensing, and Heather Inocencio as senior vice president of product.
Discover Financial Services announced that Walter H. Morris Jr. has joined the company’s board of directors.
Harbortouch, a national POS system and merchant services provider, recently has recruited several executives to grow the company’s overall operations.
Raphaels Bank Card Services has appointed Emily Utton senior relationship manager and Alex Reddish relationship manager.
Sidley Austin LLP announced that Maria B. Earley has joined the firm’s Banking and Financial Services practice as counsel.
SimplyTapp, a provider of host card emulation solutions for mobile payments, announced that Mohammad Khan has been named to its board of directors.
TSYS announced that Philip W. Tomlinson has decided to retire as CEO, and M. Troy Woods has been elected by the TSYS board of directors as president and CEO, effective July 31, 2014.
Banks need to do more to educate consumers about the ways in which they may be exposing themselves to fraud risks, according to a new report by Aite Group using data from ACI Worldwide, which notes that one in four consumers has been victimised by card fraud in the past five years.
Bloomberg Vault has introduced File Analytics, a hybrid cloud-based service that enables firms to “identify, categorise, track and manage” unstructured data held in corporate files and documents.
The combination of prepaid card infrastructure and mobile wallets will disrupt the current account model in Europe, according to a new white paper from Mobey Forum.
A consortium of merchant groups has been given more time to decide if it will try to take a long-running lawsuit against the Federal Reserve Board of Governors to the U.S. Supreme Court.
While digital currency has received a frosty reception from many national governments, it has been greeted a bit more warmly in Canada.
CashStar, a Portland, Maine-based provider of digital gifting technology and Paybefore Award-winner, has appointed John Caron chief marketing officer.
Doug Ferraro, president and CEO at Bellco Credit Union, has been elected to serve as board chairman of Rancho Cucamonga, Calif.-based CO-OP Financial Services.
David Marcus has joined Facebook as vice president, messaging products.
Green Dot Corp. has named Joshua Goines general manager of GoBank. The company also hired Thien Truong as senior vice president of business development and sales.
Mercator Advisory Group has announced the addition of Nikhil Joseph and Jennifer Marble to its team of analysts, and Marcellena Wood as project manager of Consulting Services.
Meta Financial Group Inc., holding company of MetaBank, has been included in the annual “Top 200 Community Banks and Thrifts” list in American Banker Magazine.
Robert Courtneidge, global head of cards and payments at law firm Locke Lord, has been named the world’s sixth leading authority on global payments, as part of the Payment Power 10, an international group of key leaders in the payments industry.
The annual transaction value of online, mobile and contactless payments will nearly double over the next four years, reaching $4.7 trillion by 2019, up from just over $2.5 trillion this year, with contactless payments primarily driven by card purchases rather than mobile.
Host card emulation (HCE) technology has gained an unlikely supporter. SIMalliance, which had been critical of HCE’s role in bringing NFC-based mobile payments into the mainstream, said today that HCE likely will expedite SIM-based NFC payment deployments.
MasterCard is continuing to expand the reach of its rePower reload network, partnering with DCR Strategies Inc./TruCash to enable reloads in Canada.
