Payments News » Tech

AT&T’s Dash-like smart button doesn’t need WiFi

May 21 2018

in
IoT

“AT&T has launched a new product called LTE-M button, which allows users to place an order online in one click. Yes, it sounds just like Amazon Dash — in fact, it’s powered by Amazon Web Services — but since it’s connected to AT&T’s LTE-M network, it doesn’t need a WiFi connection to work. AT&T’s button was also designed more for businesses […]

Companies

Apple Pay Expands To Ukraine And UK App-Based Bank Monzo

May 18 2018

“Apple Pay has today expanded to the Ukraine; customers who bank with PrivatBank can now register their cards on their iPhones, iPads, Apple Watch and Macs. The Ukrainian Finance Minster announced the news on Facebook. Apple Pay support has also rolled out for Monzo, a UK ‘bank of the future’ which is an internet-only bank that lets […]

Tech

Goldman Sachs-Backed Start-Up Circle Introducing A Crypto Version Of The US Dollar

May 16 2018

in
Blockchain

“Fintech company Circle is looking make a better, faster, digital version of the U.S. dollar. The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain, which brings Circle’s value near $3 billion, the company announced Tuesday. “It unlocks an incredible amount of […]

Tech

Why China’s Payment Apps Give U.S. Bankers Nightmares

May 23 2018

in
Mobile wallets

“The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast on fees from […]

Tech

In Faddish China, Even Glorified Vending Machines Raise Billions

May 21 2018

in
Mobile self-checkout

“Names from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to Walmart Inc. and Sequoia have poured more than $1.7 billion into startups such as Mr. Fresh and Xingbianli (Gorilla Convenience) that for now offer little more than tricked-out vending machines or kiosks…It’s a high-tech twist on the venerable vending machine, with the latest iterations hawking cooked food and strawberries. They’ll track purchases […]

Tech

Megabanks Agree To Unify Standards For QR Codes

May 23 2018

in
QR codes

“As part of efforts to encourage the use of cashless payments for goods and services, the three megabanks have agreed to unify their standards for QR codes, which customers can use to make payments without cash through their smartphones. Their aim is to reduce the costs associated with handling cash, and increase convenience.”

Companies

Walmart Looks to Blockchain for Retail Product Resales

May 21 2018

“The document, released last Thursday by the U.S. Patent and Trademark Office, outlines a blockchain ledger which would track the items that stores sell to a particular customer. It’s the latest example of an intellectual property play by Walmart, which has filed a number of related applications and has also piloted the tech for tracking food […]

Domains

A Bank In Argentina Is Now Using Bitcoin For Cross-Border Payments

May 22 2018

“Argentina’s Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin. A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift. Bitex chief marking officer Manuel Beaudroit told CoinDesk that the startup […]

Tech

The Future of Pay is Here! New ADP Innovation Helps Employers Tailor Payments to the Preferences of All Employees

May 15 2018

“ADP is continuing its innovation momentum by revolutionizing the way people are paid by introducing Wisely Pay by ADP. Wisely Pay is the next step in ADP’s constant evolution to put clients and their workers at the forefront of macro trends shaping the employment landscape, including the growing number of freelance individuals.”

Companies

Bank of America Delivers First Widely Available AI–Driven Virtual Financial Assistant

May 18 2018

“Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients. This latest innovation reflects the bank’s continued investment in digital capabilities as part of its high-tech, high-touch client experience, including the Digital Mortgage Experience, mobile car shopping tool, Merrill Edge Guided Investing, and Business […]