27 March 2017
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Latest payments news

Germany's KfW Bank explains $5.4 billion funds transfer lash up

Germany's KfW Bank explains $5.4 billion funds transfer lash up

1 hour ago  |  1037 views  |  0 comments | 1 linkedin

Germany's KfW Bank says a system error led to the unintentional transfer of $5.4 billion to four counterparty banks in an automated cycle of repeat transactions.

Billon completes live distributed ledger pay outs in the UK

Billon completes live distributed ledger pay outs in the UK

3 hours ago  |  1321 views  |  0 comments | 1 linkedin

Billon, a Polish e-money transfer startup backed up distributed ledger technology, is set to enter the UK market having completed a successful trial of a corporate payout system with consumer research firm Conduct Research.

Industry veterans form credit card company

Industry veterans form credit card company

24 March 2017  |  4787 views  |  0 comments | 3 tweets | 7 linkedin

A team of heavyweight financial services industry execs, led by Bank of America and capital One veteran Rob Habgood, are launching a consumer credit card business.

Nets partners Chainalysis to help banks meet AML rules on virtual currencies

Nets partners Chainalysis to help banks meet AML rules on virtual currencies

24 March 2017  |  4097 views  |  0 comments | 6 tweets | 10 linkedin

Nordic payments processor Nets is enlisting the help of distributed ledger technology specialist Chainalysis to help it ensure virtual currency transactions comply with anti-money laundering rules.

Samsung makes wearable payments play

Samsung makes wearable payments play

24 March 2017  |  5340 views  |  1 comments | 7 tweets | 6 linkedin

Samsung is bidding to expand NFC payments beyond phones to a host of wearable devices by teaming up with POS manufacturer Ingenico and app developer Smartlink to launch the Contactless Companion Platform (CCP).

Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

23 March 2017  |  4280 views  |  0 comments | 6 tweets | 4 linkedin

Personal finance app Clarity Money has raised a further $11 million in venture capital financing in a Series B round led by RRE Ventures and Citi Ventures.

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut to undertake £4 million crowdfund raise; launches subscription service

23 March 2017  |  3646 views  |  0 comments | 3 tweets | 5 linkedin

Revolut is taking a leaf out of Amazon's playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise.

Gemalto shares in freefall as US switch to chip slows

Gemalto shares in freefall as US switch to chip slows

22 March 2017  |  3300 views  |  1 comments | 5 tweets

Shares in Gemalto have taken a tumble after the French firm revised revenue forecasts sharply downwards due to a sluggish take-up of EMV cards in the US.

Swift Business Forum, Canada - live blog

Swift Business Forum, Canada - live blog

22 March 2017  |  5771 views  |  0 comments

Welcome to Finextra's live coverage of the Swift Business Forum in Toronto. This year’s conference, on the theme 'building the future', will investigate how the financial industry is adapting in a fast-changing, digital world where new fintech entrants pose an opportunity and a threat, and cyber-crime is a growing problem.

Standard Chartered opens up to AliPay

Standard Chartered opens up to AliPay

22 March 2017  |  3805 views  |  0 comments | 9 tweets | 10 linkedin

Standard Chartered has partnered with China's Ant Financial to enable online and mobile top-ups to AliPay users in Hong Kong.

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