Payments News

On The Web

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This Amazon-backed Startup Makes Digital Payment Possible Without Internet

“ToneTag’s technology involves transmitting data encrypted from one device to another using sound waves. It doesn’t require any particular hardware and can be done through smartphones, feature phones, PoS (Point of Sale) devices, EDC (Electronic Data Capture) devices and also by ToneTag’s retail pod, among others. One has to simply program a device with ToneTag’s […]
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Mobile Payments Can Transform Revenue Collections For SA’s Struggling Metros

“Making it easier for consumers to pay their municipal bills could transform revenue collections for South Africa’s struggling metros and municipalities, bringing in much-needed funds to improve service delivery in the process. Thomas Pays, the CEO of South African digital payments platform Ozow (formerly i-Pay), says most municipalities have debt books of billions of Rands […]
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Mozilla and Creative Commons Want to Reimagine the Internet Without Ads, and They Have $100M to Do It

“Now, Mozilla, Creative Commons, and a new micropayment startup have announced a $100 million grant program to finally bring that dream to fruition. The program, called Grant for the Web , will give roughly $20 million per year for five years to content sites, open source infrastructure developers, and others building around Web Monetization, a […]
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POS Providers Invite Developers To Attract More Merchants

“As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated , a program that offers developer tools and infrastructure to integrate their work into the Revel […]
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Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks

“Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and real-time payment systems, with consumer-to-business […]

On The Wires

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MoneyGram Announces New Debit Card Deposit Service in Partnership With Visa

“MoneyGram (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced the launch of a new debit card deposit service in partnership with Visa ( https://usa.visa.com/ ) via Visa Direct, Visa’s real-time1 push payments platform, which enables payments to over a billion cards worldwide. The person-to-person (P2P) money transfer option allows customers in the […]
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Mastercard™ Track to Modernize $125 Trillion Global B2B Payments Market

“Mastercard launched Track in 2018 as a trade platform to address identity, compliance and payment management needs. As a secure, permissioned repository of more than 210 million registered entities worldwide, the trade directory is a central component to the expanded suite of products and services. Track will now encompass all current and future B2B payment […]
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Mastercard and R3 Partner to Develop New Blockchain-Powered Cross-Border Payments Solution

“Earlier this year, Mastercard strengthened its cross-border network reach with its acquisition of Transfast . Today’s announcement complements the company’s formidable capabilities by providing access to R3’s Corda ecosystem, which includes more than 300 of the world’s leading financial services firms, technology companies, central banks, regulators and trade associations.”
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Shopify to Acquire 6 River Systems

“With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfillment software and robotics, including experienced leaders from Kiva Systems (now Amazon Robotics). Adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network will increase the speed and reliability of warehouse […]