Digital payments outfit Dwolla has raised $6.9 million in a funding round led by Union Square Ventures and Foundry Group.
Ant Financial, the payments unit of Chinese Web giant Alibaba, is looking into the use of blockchain technology as it sets its sights on boosting its user numbers to two billion people within the next decade.
Singaporean transit and payment card issuer EZ-Link has launched a new line of wearables embedding payment functionality into fitness and health trackers from Watchdata and Garmin.
Western Union has agreed to pay $586 million to settle US criminal and civil charges that it wilfully failed to maintain an effective anti-money laundering programme and aided and abetted wire fraud.
Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide.
EBA Clearing has begun the testing phase for its pan-European instant payment infrastructure platform ahead of a slated November launch.
Daimler Financial Services is acquiring Luxembourg-based e-money institution PayCash Europe under plans to build its own electronic payment service using the 'Mercedes pay' brand name.
The ubiquitous plastic payment card is steadily eroding the market share of cash as global economies increasingly edge towards a cashless future, according to new data from Retail Banking Research.
Mastercard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers in order to head off competition concerns raised over its £700 million takeover of VocaLink.
Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.
© Finextra Research 2017