Payments News

On The Web

nbsp;

Companies

Facebook Forms Swiss Fintech Firm With Payments Focus

“Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva’s commercial register shows.  Libra Networks, with Facebook Global Holdings as stakeholder, was registered in Geneva on May 2 to provide financial and technology services and develop related hardware and software, plans […]
nbsp; nbsp;

Companies

Walmart Extends Streak of Sales Growth

“While some retailers have closed or seen sales sputter in recent years with the rise of online shopping, quarterly comparable sales have risen consistently in Walmart’s primary U.S. business for over four years. Walmart has shifted strategies, significantly reducing spending on building new stores in favor of growing online, lowering prices and adding more services […]
nbsp;

Companies

Apple Pay Set to Debut in 16 Additional European Countries

“Technology giant Apple is set to launch its mobile payment platform Apple Pay for cardholders in 16 additional countries in Eastern Europe, MacRumors has reported. As per the plan, the mobile payments service will now be launched in Bulgaria, Croatia, Cyprus, Estonia, Greece, Lithuania, Liechtenstein, Latvia, Malta, Portugal, Romania, Slovakia, and Slovenia.”
nbsp;

On The Wires

nbsp;

Companies

Bank of America : Merrill Lynch Announces Apple Watch App to Be Integrated Into CashPro®

“Companies use the CashPro platform to manage their everyday treasury and lending needs. CashPro has more than 487,000 active users among the bank’s corporate, commercial, and business banking clients. The CashPro Mobile app’s popularity continues to grow. In the first quarter of 2019, clients used the app to approve more than 300,000 payments, representing over […]
nbsp; nbsp;

Companies

Chinese Tourists Can Now Pay With Alipay at More Than 300,000 Merchants in Japan, Six Times More Than a Year Ago

“Alipay, the world’s leading payment and lifestyle platform operated by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019 with tourists from Chinese mainland paying through the Alipay app…This was an increase of about 500 percent compared with the beginning of 2018, when 50,000 merchants in Japan accepted Alipay, amid a […]
nbsp;

Companies

Mastercard and Lyft Partner to Provide Drivers Immediate Access to Their Earnings

“Today, Mastercard announced an expanded partnership with Lyft to bring Lyft drivers the tools they need to thrive in the ever-changing gig economy. Lyft Direct Debit, a new co-branded debit card and bank account issued by Stride Bank and powered by Payfare, strengthens drivers’ economic security with hand-picked benefits, including immediate access to their earnings, […]
nbsp;

Companies

Mastercard Enables Banks and Merchants to Rapidly Innovate With New Digital Platform That Integrates Leading Fintech Solutions and Mastercard Capabilities

“The first solution built leveraging the Mastercard Innovation Engine focuses on contextually-relevant and personalized digital engagement and servicing. Created in collaboration with Flybits and Kasisto, the Mastercard Contextual Engagement Solution provides U.S. issuers and merchants a seamless digital channel for consumers to understand, interact and maximize their card benefits and rewards.”