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Apple readies for credit card launch

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Apple readies for credit card launch

Apple has opened a Web page highlighting the forthcoming release of its titanium Apple Card, developed in conjunction with Goldman Sachs.

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Mastercard adds Salesforce to small business programme

Small businesses are often powered by passionate teams behind the scenes, and in today’s digital world, having savvy technology resources can help them achieve their goals.

Monzo asks customers to change PINs after storage bug discovered

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Monzo asks customers to change PINs after storage bug discovered

Monzo is asking up to half a million customers to change their PINs after discovering a bug that rendered them accessible to engineer's working on the bank's systems.

/payments

Klarna and Asos take payments partnership to the US

Always on trend global fashion destination, ASOS, and leading alternative payments provider, Klarna, take on the US.

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Citi adds direct debits for recurring payments to mobile app

Citi Hong Kong today announced the launch of Citi PayAll, a first-of-its-kind payment solution that enables Citibank credit cardholders to settle one-off or recurring payments on the Citi Mobile App using their credit card while earning Points at the same time.

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American Express acquires B2B business Acom Solutions

American Express (NYSE: AXP) today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc., that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow.

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Visa appoints former Amex exec Fabara as chief risk officer

Visa Inc. (V) announced today that Paul D. Fabara will join Visa as Chief Risk Officer, effective Sept. 3.

/startups

Visa exports Fintech Fast Track programme to the US

Fintechs are transforming the global payments ecosystem at a rapid pace, changing the way people invest, manage money, receive loans, and send real-time payments to friends and family.

JPMorgan signs up to Visa and Billtrust's Business Payment Network

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JPMorgan signs up to Visa and Billtrust's Business Payment Network

JPMorgan has become the first issuer to sign up to Visa and Billtrust's Business Payment Network as part of an effort to streamline the delivery of electronic B2B payments for the bank's commercial card clients.

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

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BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

Bank of America is to terminate its merchant services partnership with First Data when the ten-year contract expires in June 2020.

OCBC ATMs go cardless

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OCBC ATMs go cardless

Singapore's OCBC Bank has introduced cardless cash withdrawals across its entire estate of ATMs, enabling customers to draw down funds by scanning a QR code.

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Visa partners with fintech Open for SME business banking

Fintech start-up Open, which offers a business banking service for SMEs and start-ups in partnership with banks have announced a strategic partnership with Visa, the global leader in payments technology, to enhance their business banking proposition for SMEs. The partnership will enable Open to launch a suite of innovative products that include a business credit card for SMEs, payment gateway acquiring and real time payments.

Rakuten to apply for US banking charter

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Rakuten to apply for US banking charter

The American Bankers Association has hit out at plans by Japanese e-commerce giant Rakuten to apply for a banking charter in the US.

Cracking the contactless code: Positive Technologies claims vulnerability

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Cracking the contactless code: Positive Technologies claims vulnerability

Researchers at Positive Technologies claim to have discovered flaws that allow hackers to bypass the payment limits on Visa contactless cards.

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Sberbank clients get ‘personalised’ ATMs

Sberbank has personalised the menu of its ATMs. Now, after a client enters their PIN code they will see a main screen that features the options they have used the most in the past, as well as relevant personal offers from the bank.

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Contactless arrives for Sydney busess

Bus customers will be able to tap their credit cards on Opal readers as a simple new way to pay under the NSW Government’s latest Australian-first innovation in transport payments.

Finextra issues call for comment on payments revolution

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Finextra issues call for comment on payments revolution

Finextra is opening a public consultation on the competitive pressures driving the future strategy and direction of banks, as the sector grapples with a series of profound disruptions that are shaking up the once staid payments industry.

/payments

European Central Bank publishes 2018 payment stats

The European Central Bank (ECB) has today published the 2018 statistics on non-cash payments, which comprise indicators on access to and use of payment services and terminals by the public, as well as volumes and values of transactions processed through payment systems.

/payments

Elavon appoins European strategy head

Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, is pleased to announce the appointment of Scott Frisby as its new Head of Strategy for the European region.

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Visa sets sights on cashless Japan as Olympic games hover into view

With one year to go until the Olympic Games Tokyo 2020, Visa (NYSE: V), the Worldwide Payment Technology Partner of the Olympic Games, is preparing innovative payment experiences for athletes, visitors and citizens in support of the government’s “Cashless Japan” imperative to double the total of payments made digitally to 40 percent by 2025.

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