24 July 2017
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Latest payments news

BofE says Ripple PoC reinforces desire for DLT compatibility

BofE says Ripple PoC reinforces desire for DLT compatibility

10 July 2017  |  12059 views  |  0 comments | 15 tweets | 12 linkedin

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.

Stripe adds global support for WeChat and Alipay

Stripe adds global support for WeChat and Alipay

10 July 2017  |  3847 views  |  0 comments | 14 tweets | 15 linkedin

Digital payments outfit Stripe is introducing global support for Alipay and WeChat Pay, connecting business customers to the hundreds of millions of Chinese consumers that actively use these payment methods.

ANZ and Westpac put bank guarantees on the distributed ledger

ANZ and Westpac put bank guarantees on the distributed ledger

10 July 2017  |  6675 views  |  1 comments | 9 tweets | 16 linkedin

ANZ, Westpac and IBM have successfully completed a trial run of distributed ledger technology to update the decades-old process of issuing, tracking and claiming on bank guarantees.

EU Funds Transfer Regulation 2015: three challenges to overcome

EU Funds Transfer Regulation 2015: three challenges to overcome

07 July 2017  |  12986 views  |  0 comments | 6 tweets | 4 linkedin

Applicable from 26 June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) brings with it many unexpected implementation hurdles for payment service providers (PSPs). Christian Westerhaus, head of product & strategy, Institutional Cash Management, Deutsche Bank, explains why there is more to FTR 2015 than meets the eye.

Nacha sets sights on standardised APIs

Nacha sets sights on standardised APIs

07 July 2017  |  7191 views  |  0 comments | 14 tweets | 5 linkedin

US electronics payments association Nacha is hoping to nudge along the industry's adoption of APIs by setting up a standardisation working group.

IZettle eyes IPO

IZettle eyes IPO

06 July 2017  |  9095 views  |  0 comments | 6 tweets | 6 linkedin

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO.

Luxembourg funds industry completes first live blockchain transaction

Luxembourg funds industry completes first live blockchain transaction

06 July 2017  |  10850 views  |  0 comments | 18 tweets | 31 linkedin

Investors have completed the first live share purchases over a blockchain-powered fund distribution platform.

Twenty eight global banks to test Swift blockchain application

Twenty eight global banks to test Swift blockchain application

06 July 2017  |  20291 views  |  0 comments | 36 tweets | 72 linkedin

Interbank messaging network Swift says that 22 additional global banks have joined its blockchain proof of concept (PoC), designed to validate whether the technology can help banks reconcile their international nostro accounts in real time.

Mobile payments taking off for contactless commuting

Mobile payments taking off for contactless commuting

06 July 2017  |  10576 views  |  1 comments | 22 tweets | 20 linkedin

Long viewed as a gateway to mainstream acceptance of contactless cards, the London transport network appears to be providing a similar uplift for the mobile payments market, with one-in-ten contactless journeys on London's buses and tubes now paid for by the likes of Apple Pay and Samsung Pay.

Worldpay and Vantiv agree £9.1 billion merger

Worldpay and Vantiv agree £9.1 billion merger

05 July 2017  |  9000 views  |  1 comments | 17 tweets | 21 linkedin

Worldpay is spurning overtures from JP Morgan to carve out a £9.1 billion deal with US card technology group Vantiv.

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