Payments News

On The Web

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Systems

Zambia Looks to Link up Mobile Money Operators – ITWeb Africa

“The project is being undertaken in collaboration with the Zambia Electronic Clearing House Limited (ZECHL) and implemented under the National Financial Switch (NFS), an electronic platform (system) which will link all mobile money operators in a bid to increase financial inclusion among the over 60% unbanked Zambians. The NFS is being established under the National […]
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Systems

Rise in Cashless Payments Stokes Concerns Over Data Security

“The shift toward a cashless society is well under way in Canada, as credit and debit cards, online transactions and digital wallets increasingly replace cash as the preferred modes of payment. Cash now accounts for just 12 per cent of point-of-sale transactions, according to Payments Canada’s most recent report. And payment processor Moneris forecasts that, […]
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Global

Users of China UnionPay’s Mobile Payment App Hit 150 Million

“User can make payments, buy wealth management products and make debit card balance inquires on the app Cloud Quick Pass, the Shanghai-based company said. The platform supports online applications for more than 80 types of credit cards from 21 banks, and cardholders of over 230 lenders can make mobile payments by scanning the association’s quick […]
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Systems

Ripple’s Technology Is Used for Transferring Billions of Dollars Around the World, Says CEO Brad Garlinghouse

“Addressing the “not enough use-cases for blockchain” issue, Garlinghouse said that it was not true. He added that the “payments use-case is very real and it is alive and working,” mentioning how Ripple had partnered with over 200 financial institutions around the world and that there are “billions of dollars that we are moving through […]
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On The Wires

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Systems

Digital Check Push Payments Via Push-to-Card

“Checkbook Inc. today announced the launch of Instant Pay. Businesses can push money instantly into millions of individual and business bank accounts without collecting sensitive routing or account information. There is no need for recipients to sign up for any service or download any app.”
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Systems

OnDeck Offers Same Day Funding To Empower Small Business

“OnDeck (NYSE: ONDK ), the leader in online lending to small business, today announced that it will offer to fund and debit customer bank accounts with Same Day ACH transfers, eliminating a decades long pain point for small business owners accustomed to the traditional ACH transfer process, which can take multiple days and lacks certainty […]