Technology

Facebook Launches Integrated Payment on WhatsApp, Messenger, and Instagram

Facebook is making a foray into online payments with its new Facebook Pay service, the company announced Tuesday – and could be poised to take a big bite out of PayPal ‘s and Apple Pay’s business. The new service rolls out in the U.S.

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Goldman Sachs Will Reevaluate Apple Card Credit Limits After Bias Allegations

Goldman Sachs denied allegations of gender bias and said it will reevaluate credit limits for Apple Card users on a case-by-case basis for customers who claim to be affected.

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JPMorgan Has a Plan to Help Amazon and Airbnb Look More Like Banks

JPMorgan Chase has long feared that technology giants will act more and more like banks. The firm’s surprising solution: help them do it.

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Latest Trends in Mobile Banking Development for SMEs: E-invoicing and Ecosystems

The purpose of this text is to reveal how technologies can help banks outreach to SME customers and why the implementation of e-invoicing is one of the most strategically sound ways to start a financial services ecosystem. Or at least to keep the bank’s market rank.

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What Google’s Fitbit Deal Means for Wearable Payments

Bloomberg News The smartwatch market is expected to more than double over the next five years as use cases expand for fitness, health care, payments and controlling other devices, according to ResearchandMarkets.

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Uber Is Launching ‘Uber Money,’ a Financial Services Team That Could Help It Save Money and Pay Drivers More Quickly

Uber has launched Uber Money, a program focused on financial services like payments and banking. Peter Hazelhurst, head of the division, told CNBC that the company would eventually like to offer consumer bank accounts, too.

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Apple Pay Overtakes Starbucks for In-store Mobile Payments

Apple Pay is the most-used mobile payment app in the United States, a new analysis claims, with the growth of Apple’s payment platform in the country allowing it to overtake the Starbucks mobile app for the first time.

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Why Members Need Digital Banking Services

Three billion. That’s more than a third of the world’s population. It’s also the number of people who will have access to mobile banking services by 2021, according to a study from Deloitte.

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Paying It Forward in a Hyper-connected World

This article was originally published in the Autumn 2019 issue of The Record. Subscribe for FREE here to get the next issues delivered directly to your inbox. Payments is a deceptively simple term in today’s data-driven world.

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Picking the Right Path to Payments Platform Modernization

In a world of digital wallets, mobile payments and fintechs, platform modernization stands as an inevitable journey for banks and payments processors. New technologies, intense competition and soaring customer expectations now drive banks to transform their payments systems.

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Internet of Payments

The Internet of Payments Has Arrived

From appliances to automobiles, the volume and variety of endpoints gaining internet connectivity continues to grow. According to 451 Research’s IoT Market Monitor, the number of Internet of things (IoT) devices globally will expand from 7.9bn in 2019 to 13.8bn in 2024 (excluding PCs, smart TVs and game consoles).

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Wells Fargo to Pilot Dollar-Linked Crypto for Internal Settlement

U.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked cryptocurrency that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the stablecoin will be used in a pilot initially for internal settlement across the company’s business.

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