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ICICI Bank launches Odyssey City Card

ICICI Bank Ltd. today announced a multi-year partnership with the Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Smart City Limited (BSCL) to launch a Common Payment Card System (CPCS) which will help citizens use a single payment option for their multi-purpose city-level usage.

/payments

Visa and Stripe team to offer instant deposits to Postmates fleet

Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network, to enable real-time funds disbursement to their entire fleet.

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Natixis Payments adopts nexo standards

Natixis Payments has opted for the free, universally applicable international payment acceptance standards from nexo standards, which ensure card payment and mobile payment interoperability, for both traditional card and contactless transactions.

Danske Bank begins wearable chip trials

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Danske Bank begins wearable chip trials

Danske Bank is testing FastPay, a wearable contactless chip that can be clipped to a wristband, keyring, jewellery or watchstrap for tap-and-go payments at the checkout.

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Petal raises $34m for no-fee credit card

Petal, a new kind of credit card company built to help people financially succeed, announced today it has raised $34M in new financing from Jefferies, the global investment Bank, and Silicon Valley Bank.

Digitalizing CLM for improved customer experience

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Digitalizing CLM for improved customer experience

Joe Dunphy, VP of Product Management, Fenergo, discusses what benefits digitalising the client lifecycle experience can bring financial institutions and their clients, how Fenergo’s CLM roadmap has evolved over the past two years to deliver greater transparency and control, and the importance of Fenergo’s global client community for driving industry best practice.

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SIA completes takeover of First Data card processing services in seven European countries

SIA, a European high-tech leader in payment infrastructure and services, and First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today announced the completion of SIA’s acquisition of First Data’s card processing businesses in parts of Central and Southeastern Europe for €387 million.

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UK holiday-makers leading the global growth of contactless

first direct has seen a significant increase in the rise of overseas contactless transactions made by UK customers this summer, as the rest of the world catches up with the contactless revolution.

/security

Danske Bank to implement Featurespace Fraud Hub

Danske Bank, the largest bank in Denmark and leader in the northern European financial markets, has selected Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud prevention company, as its strategic provider to bolster its fraud mitigation capabilities.

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Visa to allow dynamic currency conversion at ATMs worldwide

Effective April 13, 2019, all ATM owners and operators will be able to offer Dynamic Currency Conversion (DCC) services to their customers in the U.S. DCC is permitted today by MasterCard at U.S. ATMs and represents a meaningful revenue stream for many ATM providers.

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Ingenico joins Visa Ready for Transit programme

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, is proud to join Visa Ready for Transit programme and to collaborate with the Visa Global Transit team, ticketing integrators and transit operators to create the best experience for public transport users.

/security

Bahrain's Ithmaar Bank to launch biometric payments network

Ithmaar Bank and Eazy Financial Services today announced plans to launch the region’s first biometric payment network, supported by the Labour Fund “Tamkeen”, providing new and more efficient alternative for customers to conduct many of their financial transactions.

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Chase lets customers lock, unlock credit cards from their phone and computer

With a new lock/unlock feature launching today, Chase is giving customers peace of mind with the power to temporarily turn off their Chase credit cards immediately, stopping them from being used when left behind or misplaced.

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Contactless and wearables drive record sales at London Fashion Week Festival

The British Fashion Council and fintech company iZettle teamed up to bring contactless payments for consumers at this year's London Fashion Week Festival.

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EMVCo bids to boost interoperability for contactless payments

EMVCo has published EMV® Level 1 Specifications for Payment Systems – EMV Contactless Interface Specification v3.0.

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CFCU Community Credit Union signs for Fiserv suite

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that CFCU Community Credit Union, based in Ithaca, NY, will implement a suite of solutions from Fiserv to deliver a more integrated mobile, online and in-branch member experience.

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Fiserv to buy chunk of US Bancorp's Elan unit

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has agreed to acquire the debit card processing, ATM Managed Services and MoneyPass® surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB).

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Bitwala to launch blockchain banking in Germany after €4m fund raising

Bitwala, the German blockchain banking service, raised more than 4 million Euros in funding to provide the world’s first fully regulated blockchain bank account from November.

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Worldnet and ID Tech to provide EMV support to unattended retail outlets

To support the growth of unattended retail outlets across the world, Worldnet, a leading provider of omni-channel payment solutions and ID Tech, the global leader in payment peripheral technology, have completed the first EMV certification of the IDTECH VP 3300 OEM to First Data.

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Volopa unveils contactless multi-currency prepaid cards

Volopa, a London-based payments and foreign exchange fintech, today announced the release of its new contactless multi-currency prepaid cards for consumers and businesses designed to make their money go further when converting currencies and spending abroad.

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