Payments News
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Reports

Tap to pay is taking off

“Last year at Visa Payments Forum, Visa’s annual conference for customers and partners, a major discussion was the expansion of tap to pay in the United States. As this year’s event begins in Chicago, Visa is excited to share that tapping to pay is becoming a reality across the U.S. and continues to gain momentum […]

On The Web

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Tech

Wells Fargo and Barclays Back Fintech Company OpenFin

“Founded in 2010, the company has developed an operating system that enables financial institutions to more easily create and upgrade their computer applications, similarly to how consumer apps are updated on smartphones. This can help large firms cut down on the time and money needed to modernize the software they use for a wide array […]
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Tech

Japan to Unify Mobile Payment Codes, Enlisting Chinese Giants

“Line and Alibaba Group Holding are among five major internet businesses from Japan and China that will standardize QR codes that are scanned to make payments via smartphones in Japan, Nikkei has learned. The others joining this undertaking are online flea market operator Mercari and mobile carrier NTT Docomo from Japan and Tencent Holdings ‘ […]
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Tech

Mexico Pilots National NFC and QR Mobile Payments System

“Mexico’s central bank Banxico has begun trials of its cashless QR and NFC Cobro Digital (CoDi) electronic payment system with employees of financial institutions including BBVA Bancomer , Citibanamex , Santander , Banorte , Banregio and Fincomun . The system works by using QR codes to make electronic transfers through mobile phones which are linked […]
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Tech

ATMs, Once the Future of Banking, Are Starting to Become More Scarce

“The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources toward digital payments, consulting firm RBR said in a study released Monday. Declines in four of the world’s five largest markets — China, the U.S., Japan and Brazil — drove the 1% drop in […]
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On The Wires

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Tech

Mastercard and ZIVELO Leverage Artificial Intelligence to Revamp the Ordering Experience at Quick Service Restaurants

Today, Mastercard announced a partnership with ZIVELO, a leader in self-service kiosk technology, to enhance the drive-in and drive-through ordering experience for quick service restaurants (QSRs) with a first-of-its-kind AI-powered voice assistant and personalized dynamic menu. Sonic Drive-In will be the first partner to pilot the new experience at selected Sonic locations in the U.S. […]