Technology

Payfone Nabs Funding; Partners With TransUnion

Payfone announced that it has secured a 24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management.

Read More
post thumbnail

Google Pay Not Part of Payment Processing, No License Required: Google

As Delhi High Court seeks an explanation from Reserve Bank of India (RBI) regarding the operations of Google Pay in the country without proper licensing, the company has released a statement in its defense. According to the statement, Google Pay positions itself as a company that complies with all applicable legal requirements.

Read More

How Mobile Payments Are Changing the Restaurant Industry

By Alex Barrotti, founder and CEO of TouchBistro Restaurants are diversifying the payment methods they accept. Cash, credit, and debit payments are almost universal across full-service restaurantsin the U.S., but restaurants are increasingly accepting digital walletslike Apple Pay, Google Pay, and Samsung Pay.

Read More

Gartner Predicts Top 10 Global Retailers Will Use Real-time Pricing by 2025

Gartner predicts global retailers will leverage contextualised real-time pricing through mobile applications to manage and adjust in-store prices for customers.

Read More

How eWallet Payments Are Surging and Could Displace Cash

Paying by contactless increasingly doesn’t even require you to make contact with the physical plastic card. E-wallet apps like Apple, Google and Samsung Pay allow you to store your debit or credit card on your smartphone and make payments that way.

Read More

Apple Card Will Make You Spend Even More Money

Apple’s event on Monday signaled a new strategy: in addition to tech and products, its new baby would be services. Movie streaming, publications, and perhaps most curiously, banking. It’s called Apple Card, a new credit card linked to Apple Pay that’s built into the Wallet app. The card isn’t just digital either.

Read More

Rise in Cashless Payments Stokes Concerns Over Data Security

When bitcoin faithful began preaching the virtues of anonymous currencies, the pitch sounded familiar. I thought, ‘Haven’t we got that already?’ said Kirsten Thompson, a partner at Dentons and national lead of the firm’s transformative technologies and data strategy group.

Read More

As Amazon Leads Cashless Charge, States and Cities Push Back

Rebecca Esparza works with homeless people and, having once lived in a shelter herself, knows what it’s like to navigate the U.S. economy if you don’t have much money. For most of her clients, cash is king because they lack access to the financial tools many Americans take for granted-checking accounts, debit cards, payment apps.

Read More

Apple Goldman Sachs Credit Card Link-up Could Be Followed by Amazon

After Apple revealed an upcoming credit card launch with Goldman Sachs, digital banking expert Jo Howes believes Amazon could be the next tech giant to follow suit and make a move into the financial services industry Amazon could be the next big tech firm to enter the banking industry, says a fintech expert after Apple […]

Read More

Bank of America’s Tech Chief Says There’s Nothing New About the Apple Card

 Bank of America’s technology and operations chief Cathy Bessant isn’t losing sleep over Apple’s new credit card. Bessant, who has led the bank’s tech division since 2010, was asked by CNBC’s Deirdre Bosa what her reaction was to Apple’s Monday announcement. Keep in mind that Bank of America, the second biggest U.S.

Read More

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.

Read More

Technology and Banking Transformation

Is there a right way and wrong way to innovate? For banks interested in transforming their brick-and-mortar branches, maybe, according to Diebold Nixdorf Senior Director of Advisory Services Chris Gill.

Read More