PaymentsNews

On The Web

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U.K. Fintech Revolut Gets European Banking License Via Lithuania

“Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives it permission to operate throughout the European Union.”
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How Chinese companies are planning a global fintech coup

“Millions of entrepreneurs like Murugan, do business on mega platforms run by Alibaba and WeChat. China’s fintech growth, on the back of these platforms, has been unprecedented. With a record $12.8 trillion in mobile payment transactions in the 10 months to October last year, China even surpassed the United States, at only $49.3 billion during that […]
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Bank Accounts Designed for Low-Income Customers Find Broader Audience

“The accounts, known as checkless bank accounts or safe-transaction accounts, include ATM access, debit cards and mobile banking for small fees and minimum deposit requirements. They don’t include paper checks or overdraft protection, two features that aren’t as popular amid a customer shift to digital banking.”
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Experian Boost for Credit Scores: A Giant Leap for The Credit Industry – Experian Insights

“Through an already established and full-fledged suite of consumer products, Experian Boost is the next generation offering a free online platform that places the control in the consumers’ hands to influence their credit scores. The platform will feature a sign-in verification, during which consumers grant read-only permission for Experian Boost to connect to their online […]
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2018 Year in Review: What Blew the Doors Off in Payment Transformation? by Jim Johnson

“At the beginning of the year, Bruce Lowthers reflected upon how the payments ecosystem is changing rapidly and what technologies would gain traction in “A Look Ahead to 2018: Grab the Handrail”. Most of his predictions were spot on – a significant rise in technologies that make consumers’ lives easier such as voice-activated smart-home devices. One area […]

On The Wires

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Galileo and Robinhood Partner on Robinhood Checking & Savings

“Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, […]
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First Data and China CITIC Bank International to Join Forces with Launch of New Merchant Acquiring Solutions

“Global leader in commerce-enabling technology First Data (NYSE: FDC) and Hong Kong-based pioneer in mobile banking China CITIC Bank International Limited (CNCBI), announce a partnership with the launch of a comprehensive range of merchant acquiring solutions including point of sale terminals, eCommerce solutions and other value-added services in Hong Kong.”