24 July 2017
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Latest payments news

Berlin Group to publish single API standard for PSD2

Berlin Group to publish single API standard for PSD2

13 June 2017  |  13558 views  |  0 comments | 29 tweets | 61 linkedin

The Berlin Group, a-European payments interoperability coalition of banks and payment processors, is pushing a single standard for API access to bank accounts to comply with new regulations on freeing up customer data under PSD2.

Revolut launches new business service across UK and Europe

Revolut launches new business service across UK and Europe

13 June 2017  |  6442 views  |  0 comments | 9 tweets | 16 linkedin

Revolut's transformation from a money transfer app to a full-scale bank is picking up pace as the UK fintech firm launches a business platform for British and European companies to manage international payments, payroll and corporate travel.

Zelle begins mass-market roll out

Zelle begins mass-market roll out

12 June 2017  |  6887 views  |  0 comments | 15 tweets | 12 linkedin

Competition in the market for mobile P2P payments is about to reach boiling point in the US as bank-backed network Zelle begins its roll out to the banking apps of more than 30 participating financial institutions.

Emirates Islamic to put cheques on a blockchain

Emirates Islamic to put cheques on a blockchain

12 June 2017  |  10038 views  |  0 comments | 12 tweets | 16 linkedin

Emirates Islamic is to use a combination of QR codes and blockchain technology to bolster fraud prevention for old-fashioned paper cheques.

Amazon taps merchant data to grow lending business

Amazon taps merchant data to grow lending business

08 June 2017  |  8682 views  |  1 comments | 13 tweets | 27 linkedin

Amazon's advance on bank lending operations is picking up steam as the online mall releases figures showing that it lent more than $1 billion to small businesses in the last 12 months.

Winning in the digital moment; Leading banks explain what it takes

Winning in the digital moment; Leading banks explain what it takes

08 June 2017  |  16512 views  |  0 comments | 12 tweets | 19 linkedin

A stellar line-up of 27 senior bankers and fintech experts will be onstage at the Finextra SAP Financial Services Forum in London next month to detail winning strategies for banks competing in a digitally-driven business market.

BPI processing snafu double-debits consumer accounts

BPI processing snafu double-debits consumer accounts

07 June 2017  |  7183 views  |  0 comments | 2 tweets | 1 linkedin

Bank of the Philippine Islands is extending branch opening hours and suspending all electronic channels after an internal processing error resulted in the double posting of transactions across customer accounts over a five-day period.

Social payments startup Plynk raises EUR25 million

Social payments startup Plynk raises EUR25 million

07 June 2017  |  6396 views  |  0 comments | 7 tweets | 11 linkedin

A Dublin-based social payments outfit founded by former Facebook and Wonga staffers Charles Dowd and Clive Foley has raised €25 million in a Series A funding round led by private investment trust, Swiss Privée.

FinTech50: London continues to dominate European scene

FinTech50: London continues to dominate European scene

07 June 2017  |  17869 views  |  0 comments | 28 tweets | 23 linkedin

The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.

Apple moves into P2P payments space

Apple moves into P2P payments space

06 June 2017  |  15695 views  |  1 comments | 42 tweets | 66 linkedin

Apple is to challenge Venmo and bank-backed network Zelle by introducing peer-to-peer payments as part of a forthcoming update to its mobile operating system.

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