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Fanbank Integrates Mobile, Plastic Cards and POS for Full Commerce Automation

Source: Fanbank Today’s consumers expect options, convenience, the best price and a personalized experience every time, everywhere they shop. Small businesses, selling $3.2 trillion of in-person goods and services every year in the U.S.

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IBM Gets Banks Onboard for Blockchain-based Payment System

IBM’s blockchain-based real-time global payments network has begun rollout, with several banks also committing to issue their own stable coins on the platform. First unveiled last year, IBM Blockchain World Wire provide banks with a means to simultaneously clear and settle near real-time payments transactions across borders.

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The Battle for Real-time Payments Dominance in the U.S.

Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been advocacy for the central bank backed, real-time payments (RTP) scheme. Many feel the lack of a ubiquitous RTP infrastructure has become a road block to innovation in financial technology and even created a competitive disadvantage for the U.S. economy.

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What Does Fintech Hold for the Future of Banking?

There’s a revolution happening in the banking industry right now. More and more institutions are moving towards digitalizing their services and improving their connectivity with their clients, and we’re already seeing some amazing results from that.

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The Battle for Real-time Payments Dominance in the U.S.

Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been advocacy for the central bank backed, real-time payments (RTP) scheme. Many feel the lack of a ubiquitous RTP infrastructure has become a road block to innovation in financial technology and even created a competitive disadvantage for the U.S. economy.

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The Power of Partnerships: Trust, Data & Digital Identity

Ann Cairns, Vice Chair, Mastercard, speaks at Mobile World Congress 2019 about the importance of partnerships, Mastercard’s partnership with Microsoft, how they are using data in medicine and towards social reform, and what impact neobanks are having on the industry.

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Access to Cash System on Verge of Collapse Warns Report

UK banks and regulators are being urged to act to prevent the country from sleepwalking into a cashless society, in a hard-hitting report prepared by former financial ombudsman Natalie Ceeney.

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Korean Banks Ordered to Open Up Payment Systems to Fintech Firms

Korea’s Financial Service Commission is introducing new rules that will force the nation’s banks to open their payment systems to third party fintech firms in a move designed to increase competition and promote innovation in the sector. The current financial payment network has a closed system accessible only by banks.

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EU Parliament Passes New Rules on Cross-border Payment Charges

European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not. The plenary adopted by 532 votes in favour, 22 against and 55 abstentions, to push through the changes before the end […]

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Which? Calls for Appointment of New Regulator to Champion Access to Cash

Consumer champion Which? is calling on the Government to appoint a regulator to protect access to cash, as a combination of bank branch and cashpoint closures dries up the supply of notes and coins in small communities.

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Cheques to Be Excluded From UK’s New Payments Architecture

Once again cheques in the UK are facing their demise, this time as a consequence of their being excluded from the New Payments Architecture project, or “NPA”. This time it will be a slow and lingering death over a 10-15 year period, as investment is channeled into other services and the cheque service withers on […]

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Hannah Nixon to Leave the Payment Systems Regulator

Source: Payment Systems Regulator The Payment Systems Regulator has announced today that Hannah Nixon will be standing down as Managing Director of the Payment Systems Regulator in April.

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