Payments News

On The Web

nbsp;

Glenbrook

All the very best to you and yours!

Payments News is taking a break until the New Year. In the meantime, we wish you the very best for a healthy and happy holiday season. And we look forward to joining you in the New Year for what will, no doubt, be another astounding year for our payments industry.
nbsp;

Global

Https://www.businesstimes.com.sg/banking-finance/indonesias-central-bank-says-new-payment-system-to-slash-money-transfer-costs

“Indonesia’s central bank on Tuesday launched a new retail payment system that its governor said will slash the cost of money transfers and support the country’s booming digital economy. The Covid-19 pandemic has accelerated growth in Indonesia’s digital finance, with digital banking transactions rising 47 per cent on a yearly basis in November to reach […]
nbsp;

Deals

Bolt Seeks Valuation Lift to $14 Billion Weeks After Raising Last Round

“Shortly after raising nearly $400 million at an $11 billion valuation in a Series E funding round, according to three people familiar with the matter, Bolt is seeking another nearly $400 million funding round at an even higher valuation of $14 billion, said two of those people. If it succeeds in raising the new round […]
nbsp;

Tech

JPMORGAN SETS UP BLOCKCHAIN PAYMENTS SYSTEM FOR SIEMENS

“Siemens expects the transactions volumes to continue to grow strong growth in the coming months as pay-per-use begins to gain popularity and hence the system needs to be able to handle thousands of transactions per day transparently and reliably. This is the first of its kind system to be deployed by a large company and […]
nbsp;

Tech

Seven in Ten UK Debit Card Transactions Are Now Contactless

“Nearly seven in ten debit card transactions (69%) and just over half of all credit card transactions (53%) in the UK are now contactless, according to figures from UK Finance . The figures also show that there were 1,260m contactless card transactions during September, an increase of 30.5% from 966m in September 2020 and 70.3% […]
nbsp; nbsp; nbsp;

Deals

McDonald’s to Sell Digital Startup Dynamic Yield to Mastercard

“The world’s largest burger chain said Tuesday the deal would allow Dynamic Yield to further scale its capabilities and grow its third-party business. McDonald’s said it would continue to work with Dynamic Yield and Mastercard to bring the technology to additional markets. McDonald’s has worked with Mastercard on several of the fast food-chain’s digital initiatives, […]
nbsp;

Industry

The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups

“Silicon Valley is now awash with stories of people riding seemingly ridiculous crypto investments like Dogecoin , a digital coin based on a dog meme, to life-changing wealth. Bitcoin has soared around 60 percent this year , while Ether, the cryptocurrency tied to the Ethereum blockchain, has increased more than fivefold in value.”

On The Wires

nbsp;

Security

Ransomware Study: Two Thirds of Security Professionals Believe Ransomware and Terrorism Threats Are Equal

“Venafi® , the inventor and leading provider of machine identity management, today announced the findings of a global survey of more than 1,500 IT security decision makers that reveals that almost two-thirds (60%) of security almost two-thirds (60%) believe ransomware threats should be prioritized at the same level as terrorism. These opinions echo the U.S. […]