Payments News
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On The Web

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Global

Google Pay Says G’day to Mobile Myki

“Once you’ve created your card, you’ll find real-time information about your myki balance and recent transactions and get low balance notifications. Passengers will be able to buy Full fare, Concession, Child and Senior Mobile mykis – and auto load will also be available. Soon, you’ll also be able to see your current balance in Google […]
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Prepaid-Card Users Get Protection Guarantee

“Prepaid payment cards and mobile services just received a status upgrade, giving their users the same protections and services as those for bank debit-card customers. The Consumer Financial Protection Bureau this week started requiring issuers of prepaid cards to guarantee basic protection from fraud, unauthorized charges and errors.”
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Deals

Restaurant Management Platform Toast Raises $250 Million at $2.7 Billion Valuation

“As with the likes of Square, Lightspeed POS, and TouchBistro, Toast is much more than a simple POS technology provider: it’s essentially a one-stop shop restaurant management platform, spanning front-of-house, back-of-house, online, and customer loyalty programs. It also serves up data and analytics covering trends such as sales patterns.”
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Consultation on Expanding Pay-as-you-go Ticketing in Southeast England

“UK: The Department for Transport has begun public consultation on the possible roll out of ‘pay-as-you-go’ smart ticketing in the region surrounding Greater London. It is envisaged that this would be more convenient for passengers, and reduce differences in fares paid by people by people with different working and travel patterns. The consultation is looking […]

On The Wires

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TokenEx Secures Patent for Processor-agnostic Tokenization Gateway

“TokenEx is excited to announce it has been awarded a patent for its innovative, industry-leading Transparent Gateway solution. The Transparent Gateway enables TokenEx customers to share the sensitive data they’ve tokenized, such as a credit card primary account number (PAN), with any third-party payment service providers (PSPs) or other desired endpoints. This functionality maintains the […]
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New U.S. Bank Mobile App Delivers Personalized Insights

“U.S. Bank unveiled its entirely rebuilt U.S. Bank mobile app , co-created every step of the way with its customers. The resulting app is one of the most comprehensive and useful mobile banking app experiences, fueled by extensive research on how people use their mobile apps and an analysis of consumer needs.”
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Bill.com Announces Partnership With Mastercard to Offer Faster, Automated Payments for Small and Midsize Business Customers

“Bill.com, a business payments and software platform leader, today announced plans to offer Mastercard virtual cards as part of the Bill.com automated accounts payable solution for small and midsize businesses.The addition of Mastercard virtual cards adds a new electronic alternative to checks as Bill.com continues to digitize payments.  Payment via virtual card provides faster funds […]