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Mobile wallet providers join forces for unified QR payments in Singapore

Mobile wallet providers join forces for unified QR payments in Singapore

Seven mobile wallets, acquirers and payment networks, including Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International and Wirecard, have formed a consortium to help push the adoption of a single QR code-based payment scheme in Singapore.

25 January 2018

First Data begins recruitment drive for new innovation centre in Ireland

First Data begins recruitment drive for new innovation centre in Ireland

First Data has begun recruitment for 150 technology engineers to staff a new research and development centre in Tipperary, Ireland.

24 January 2018

Mastercard makes European biometrics push for online payments

Mastercard makes European biometrics push for online payments

From next April, online shoppers across Europe will be able to use biometrics, such as fingerprints or facial recognition, to identify themselves at the checkout when they pay with Mastercard.

23 January 2018

Consumer group calls on payments watchdog to stand up against ATM closures

Consumer group calls on payments watchdog to stand up against ATM closures

Plans to shut down loss-making ATMs across Britain could leave hundreds of communities without ready access to cash, says consumer group Which?.

19 January 2018

Sbanken opens developer portal and invites customers to build their own digital bank

Sbanken opens developer portal and invites customers to build their own digital bank

Norway's Sbanken has opened a developer portal through which customers can use a host of open APIs to build their own digital banking platforms, with the best efforts winning cash prizes.

19 January 2018

Blackhawk agrees $3.5bn sale

Blackhawk agrees $3.5bn sale

Blackhawk Network Holdings, a US fintech outfit specialising in prepaid gift cards, has agreed to be acquired by PE firm Silver Lake and hedge fund P2 Capital Partners in an all-cash deal worth around $3.5 billion.

16 January 2018

Europe begins Open Banking era in subdued style

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

Petal raises $13m for credit card aimed at people without credit history

Petal raises $13m for credit card aimed at people without credit history

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $13 million in a Series A funding round led by Peter Thiel's Valar Ventures.

10 January 2018

Transferwise ships borderless debit card

Transferwise ships borderless debit card

Tranferwise has begun rolling out its borderless bank account and debit card to private customers, enabling users to spend their cash in a choice of up 28 foreign currencies.

09 January 2018

JCB to test 'world's most accurate' biometric authentication system

JCB to test 'world's most accurate' biometric authentication system

Japanese card brand JCB is running trials of a combined biometric palm print and vein identification system which claims a false acceptance rate of only one in one billion transactions.

05 January 2018

Sky takes a punt on real-time payments

Sky takes a punt on real-time payments

Sky Betting and Gaming has partnered with Barclays to offer customers a service that will immediately pay out money to their debit cards when withdrawing winnings.

04 January 2018

Bank of Cyprus to issue fingerprint payment cards

Bank of Cyprus to issue fingerprint payment cards

Bank of Cyprus is to issue a biometric EMV card which uses fingerprint recognition instead of a PIN code to authenticate the cardholder.

04 January 2018

Bankwest opens waiting list for wearable payments ring

Bankwest opens waiting list for wearable payments ring

Australia's Bankwest is inviting customers to join the wearable payment movement as it prepares for the release of a contactless payments ring which enable touch-and-go transactions with a fist pump at the point of sale.

04 January 2018

Finextra's 2017 in review

Finextra's 2017 in review

As Finextra pulls the shutters down on 2017, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2018.

22 December 2017

Tsys agrees $1.05 billion takeover of Cayan

Tsys agrees $1.05 billion takeover of Cayan

Mergers and acquisitions activity in the hot payments space shows no sign of abating as Tsys agrees a $1.05 billion deal to buy out Boston-based merchant acquirer Cayan.

19 December 2017

NCR to roll out bitcoin-enabled ATMs in the UAE

NCR to roll out bitcoin-enabled ATMs in the UAE

NCR has teamed up with UAE cryptocurrency exchange CoinHub to enable users to make cash withdrawals from their bitcoin accounts at the ATM.

18 December 2017

Retailers eye the potential of Open Banking

Retailers eye the potential of Open Banking

Large retailers are eyeing up the potential benefits of the forthcoming introduction of revised payment rules in Europe, with a sizeable proportion planning to tap directly into consumer account data to drive down transaction fees, tailor products, and create innovative loyalty programmes, according to research from Accenture.

18 December 2017

Portland puts virtual transit fare card in Android Pay

Portland puts virtual transit fare card in Android Pay

Google has teamed up with Portland's public transport operator TriMet to make the world's first virtual transit fare card available within Android Pay.

14 December 2017

CBA to roll out 'tap-on-phone' contactless payments

CBA to roll out 'tap-on-phone' contactless payments

Commonwealth Bank of Australia business customers will soon be able to accept a payment by simply tapping their phone with a contactless card or mobile wallet.

12 December 2017

SoFi partners WSFS Bank for cash management account

SoFi partners WSFS Bank for cash management account

US online lender SoFi is gearing up to launch a cash management account early next year after inking a payment processing and debit card sponsorship agreement with WSFS Bank.

08 December 2017