Payments News

On The Web

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Systems

Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions

July 8 2019

“Coinsquare , a Canadian cryptocurrency trading platform, announced it has bought an eight figure controlling stake in fintech software producer, Just Cash. The acquisition will enable the firm to introduce crypto transactions on traditional, non-bank ATMs in the United States. Just Cash developed a software to retrofit ATMs to sell cryptocurrencies via a customer’s debit […]
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Tech

Wall Street Finds Blockchain Hard to Tame After Early Euphoria

July 17 2019

“But a review of 33 projects involving large companies announced over the past four years and interviews with more than a dozen executives involved with them show the technology has yet to deliver on its promise. At least a dozen of these projects, which involve major banks, exchanges and technology firms, have not gone beyond […]
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Tech

Ghana to Launch Universal QR CODE for Payments This Year

July 10 2019

“This year, there’s going to be also a remarkable introduction into Ghana of a universal QR Code for payments. This will help us move further into the cashless direction because there will be no longer any need for merchants to have point of sales devices, with the QR Code platform. All they need is a […]
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Tech

Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System

July 15 2019

“The patent, according to the report, could usher in cardless credit transactions that would see users of the system make payments using apps on mobile devices. In such a development, the invention would disrupt the traditional card system based on three intermediaries: the credit card company, a value-added network (VAN) service provider and a payment gateway.”
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Tech

LG Pay Goes Live in the US With NFC and Mag Stripe Mobile Payments

July 17 2019

“LG has launched its LG Pay mobile payments service in the US, enabling owners of its G8 ThinQ smartphone to make payments via NFC in stores equipped with a contactless POS terminal — and in stores with a magnetic stripe terminal using Wireless Magnetic Communication (WMC). WMC enables phones to generate wireless magnetic data pulses […]

On The Wires

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Security

Citi® Payment Outlier Detection Launches in 90 Countries

June 28 2019

“Citi’s Payment Outlier Detection solution has launched in 90 countries. Created by Citi’s Treasury and Trade Solutions business, it uses advanced analytics, Artificial Intelligence (AI) and Machine Learning (ML) to help proactively identify outlier payments — payments that do not conform to clients’ past patterns of payment activity – and allows clients to review and […]
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Tech

ACI Worldwide and Worldpay to Drive Global Acceptance of Alternative Payment Methods

July 17 2019

“Worldpay accepts more than 300 payment types, and will use ACI’s UP eCommerce Payments solution to broaden the number of APMs available in different regions across the globe, alongside speeding up time to market for merchants. The relationship will enable Worldpay to further deepen its commitment to innovation and the development of new strategic products […]
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