685 Results from /payments, 2018
/payments
American Express has become the first foreign card scheme to win direct access to China's bank card market after winning approval for a clearing and settlement licence from the country's central bank.
09 November 2018
MoneyGram has agreed to pay $125 million to settle allegations that it failed to crack down on fraudulent money transfer agents, violating the conditions laid down by a Federal Trade Commission order in 2009.
The quest for a paper-free trade finance world has moved a step closer with the completion by BNP Paribas and HSBC of a fully digitised end-to-end letter of credit transaction between two different companies.
Nordic payment processor Nets is collaborating with Finnish fintech Mash to provide an omni-channel 'pay later' option to shoppers across Scandinavia.
United Overseas Bank is to deploy personal financial management tools from Meniga to help customers of its forthcoming pan-regional Digital Bank stay on top of their regular transactions.
As Armistice Day approaches, the Royal British Legion has introduced a new fundraising tool, a pub quiz pack that includes joker contactless donation cards that let players make donations.
PNC Bank's treasury management unit is trialling technology that guards against card-not-present fraud by automatically changing the three digit CVV code on the back of credit cards.
The Bank of England in conjunction with Pay.UK, has issued an open call for interest for members of the payments industry wishing to join a newly created Standards Advisory Panel ahead of the introduction of ISO20022 message standards.
A report published by two eBay executives reveals that the online flea market's new AI algorithm can identify 40% of credit card fraud transactions with high precision, a significant finding for a sector relying on tech-based detection techniques.
08 November 2018
Deutsche Bank has set up a subsidiary "startup" called Yunar, which will gradually build out a mobile wallet offering a host of services, beginning with loyalty scheme management.
Thailand's Kasikornbank has made a strategic $50 million investment in ride-hailing app Grab as part of plans to launch the company's GrabPay wallet in the cash happy Thai market.
Intesa Sanpaolo is the latest to try its hand at fingerprint cards in a collaboration with Gemalto and Nordic startup Zwipe.
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