22 January 2017
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Latest payments news

Dwolla raises $6.9m

Dwolla raises $6.9m

20 January 2017  |  2235 views  |  0 comments | 4 tweets

Digital payments outfit Dwolla has raised $6.9 million in a funding round led by Union Square Ventures and Foundry Group.

China's Ant Financial goes global in bid for two billion users in 10 years

China's Ant Financial goes global in bid for two billion users in 10 years

20 January 2017  |  3863 views  |  0 comments | 14 tweets | 5 linkedin

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.

EZ-Link blends payments with fitness trackers

EZ-Link blends payments with fitness trackers

20 January 2017  |  2921 views  |  0 comments | 2 tweets | 3 linkedin

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 to pay $586m to settle AML charges

Western Union to pay $586m to settle AML charges

19 January 2017  |  3937 views  |  1 comments | 7 tweets | 20 linkedin

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 readies for real-time payments

Rabobank readies for real-time payments

19 January 2017  |  4363 views  |  0 comments | 16 tweets | 16 linkedin

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide.

EBA Clearing begins testing instant payments system

EBA Clearing begins testing instant payments system

18 January 2017  |  2807 views  |  0 comments | 4 tweets | 15 linkedin

EBA Clearing has begun the testing phase for its pan-European instant payment infrastructure platform ahead of a slated November launch.

Daimler steers into mobile wallet territory with acquisition of PayCash

Daimler steers into mobile wallet territory with acquisition of PayCash

18 January 2017  |  4484 views  |  0 comments | 14 tweets | 18 linkedin

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.

Cash market share squeezed by plastic cards and electronic transfers - RBR

Cash market share squeezed by plastic cards and electronic transfers - RBR

18 January 2017  |  3045 views  |  0 comments | 7 tweets | 8 linkedin

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.

CMA gives provisional nod to Mastercard remedies for VocaLink takeover

CMA gives provisional nod to Mastercard remedies for VocaLink takeover

18 January 2017  |  3638 views  |  0 comments | 4 tweets | 6 linkedin

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.

Misys adds crowdlending to core banking package

Misys adds crowdlending to core banking package

17 January 2017  |  3428 views  |  0 comments | 7 tweets | 10 linkedin

Core banking vendor Misys has launched a crowdlending module to enable financial institutions to move into the alternative finance marketplace.

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