22 October 2017
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Poppy Appeal goes contactless
Cards

Poppy Appeal goes contactless

20 October 2017  | 0 comments | 10 tweets | 10 linkedin

In an effort to counter the decline in hard cash in consumer wallets, the Royal British Legion is to roll out 200 mobile terminals for people to make a donation to this year's Poppy Appeal with their contactless card.

Mastercard to roll out blockchain API
Blockchain

Mastercard to roll out blockchain API

20 October 2017  | 0 comments | 17 tweets | 28 linkedin

Mastercard is to open up access to its inhouse blockchain technology platform via an API which will be made available to developers at banks and retailers.

PayPal racks up revenues, profits and user numbers
Mobile & online

PayPal racks up revenues, profits and user numbers

20 October 2017  | 0 comments | 4 tweets | 7 linkedin

PayPal has reported strong third quarter results after growing its active user base to 218 million and experiencing an upsurge in mobile payments volumes.

PayKey, an Israeli-based startup that has developed a mobile app which enables bank customers to transfer money to friends in chat applications, has completed a $10 million funding raise.

FCA issues sandbox progress report
Wholesale banking

FCA issues sandbox progress report

20 October 2017  | 0 comments | 4 tweets | 4 linkedin

Around 90% of firms that tested their products and service ideas in the first cohort of the Financial Conduct Authority's regulatory sandbox have progressed towards a wider market launch.

As it rebuilds its core payment infrastructure to accommodate real-time payments, The Clearing House has entered an arrangement with Mastercard to enable banks to supply and manage tokens for securing mobile payments, remote purchases and Internet-of-things (IoT) transactions.

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European clearing industry players put any lingering irritation with the ECB to one side during the final day of Sibos to come together to extol the virtues of instant payments.

First Data blunder reveals BluePay acquisition talks
Mobile & online

First Data blunder reveals BluePay acquisition talks

19 October 2017  | 0 comments | 2 tweets | 5 linkedin

First Data has come clean about ongoing talks to buy North American payments processor Blue Pay after a draft news release announcing an agreed acquisition and conference call was inadvertently posted on the vendor's Website.

Payments Canada, the Bank of Canada and TMX Group have come together to experiment with an integrated securities and payment settlement platform based on distributed ledger technology.

London fintech buoyant despite Brexit shadow
Wholesale banking

London fintech buoyant despite Brexit shadow

19 October 2017  | 1 comments | 11 tweets | 8 linkedin

The office of the London Mayor is flying the flag for the UK capital's status as a post-Brexit fintech hotspot, reeling out a ream of favourable comparisons to other European destinations ahead of a trade mission to showcase local talent at the Money20/20 show in Las Vegas next week.

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