Payments News

On The Web

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Tech

The ATM at Age 50 Puts the Spotlight on the Future Role of Cash

“While no one today believes ATMs are going away, their future no longer resembles the clear path that opened in 1969. Virtually every bank and all but the smallest credit unions now have their own ATMs, and non-bank ATMs can be found in every high-traffic retail location. And the continued increase in credit and debit […]
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Tech

Apple Adds Ultra Wideband Communications Chip to IPhone 11

“Apple’s iPhone 11 smartphones will come with a new chip that supports Ultra Wideband communications, opening up the potential for the devices to support a range of new proximity-based services including item tracking, keyless vehicle entry and mobile payments “The new Apple‑designed U1 chip uses Ultra Wideband technology for spatial awareness — allowing iPhone 11 […]
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Tech

Google Adds Secure NFC Option to Android 10

“A new feature in Android 10 will make it possible for consumers to choose whether or not they wish to be able to make NFC card emulation transactions without first unlocking their device. The function will be available for “off-host card emulation” payment and transit transactions that make use of a secure element on the […]
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Tech

Nissan to Build RFID Payments Into All Cars Sold in Brazil

“All Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions — including at McDonald’s drive-thrus across the country. Used vehicles sold by Nissan dealerships will also be retrofitted with Sem Parar’s RFID […]
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On The Wires

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Deals

Payment Alliance International Acquires Eclipse Cash Systems

“Payment Alliance International ( PAI ), a leader in ATM portfolio management tools and services, announced today that it has acquired Arizona-based ATM operator Eclipse Cash Systems . The acquisition adds more than 15,000 ATM terminals and brings an additional four financial institution partnerships to PAI’s existing nationwide network of over 75,000 ATMs. Eclipse’s strong […]
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Tech

NovoPayment Accelerates Digital Payments in Latin America and the Caribbean With Visa Direct and Token Services

“NovoPayment, a Visa Ready fintech partner and leading banking as a service (BaaS) enabler of digital financial and transactional services, today announced that they can now scale the deployment of Visa Direct for instant payments, P2P and P2M payments, account-to-account payments, fast funds and mass payouts, as well as the use of Visa Token Services. […]
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Tech

Citi APIs for Treasury Services Calls Now Over 157M Per Month

“Since the launch of CitiConnect API, Citi has moved over $26 billion for clients using a set of over 50 unique APIs. The pace of CitiConnect API adoption is accelerating, with 18 million calls in November 2018, growing to over 157 million calls by August 2019, representing a growth rate of 750%. Since then, the number […]