Latest Payments News: Finextra Research

Russian banks get ready for contactless ATMs; MIR cards go international with Ingenico

A clutch of leading Russian banks are preparing for the introduction of contactless ATMs, enabling users to make withdrawals and conduct currency transactions at the cash point via popular payments apps from Apple, Samsung and Google.

15 November 2018

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TransferWise revamps business account

TransferWise has revamped its overseas business account to include a debit card, integration with accounting platform Xero and an API for the development of third party payment automation applications.

14 November 2018

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IMF chief call for central bank backed digital currencies

IMF managing director Christine Lagarde has stated the case for central bank backed digital (CBDC) currencies, arguing for a greater role for the state in managing the retreat from cash in developed economies.

14 November 2018

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CBA hails blockchain-based 'smart money' trial

Using blockchain technology to help manage payments made to Australia's National Disability Insurance Scheme (NDIS) could have huge time and money saving benefits, a trial involving CBA and the nation's scientific research agency CSIRO has found.

14 November 2018

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Pay.UK invites interest on 'Enhanced Data' payments project

Pay.UK is calling for industry input on plans to provide enriched data alongside payments as part of the reboot of the nations financial pumbing.

13 November 2018

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Former Google Wallet chief raises $100m for payment terminal OS

Poynt, the payment terminal startup founded by former Google Wallet boss Osama Bedier, has raised $100 million in a Series C funding round joined by National Australia Bank and US Bancorp-owned Elavon.

13 November 2018

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Deutsche Bank calls for real-time liquidity management framework

Banks and corporates could reap huge benefits from real-time liquidity management functionality, but industry-wide collaboration is crucial to make it a reality, according to a new Deutsche Bank white paper.

13 November 2018

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PFM app Fintonic to fund interest-free deferred payments at Amazon

Financial management app Fintonic is collaborating with Amazon to provide Spanish clients with the option to fund interest fee purchases at the e-commerce store.

13 November 2018

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MUFG and Banco Bradesco team on Ripple-based cross-border payments

Japan's MUFG Bank and Brazil's Banco Bradesco are teaming up to develop a cross-border payments service based on distributed ledger technology from Ripple.

13 November 2018

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MAS and SGX apply blockchain tech for settlement of tokenised assets

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) claim to have successfully developed Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.

12 November 2018

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Want to manage your money better? Ditch your banking apps

People who use PFM tools on smartphones to track their spending and manage their budgets are more likely to rack up debts and make poor financial decisions, according to a study conducted by Global Financial Literacy Excellence Center at the George Washington School of Business.

12 November 2018

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N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

12 November 2018

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