Payments News

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Tech

Crooks Have Acquired Proprietary Diebold Software to “jackpot” ATMs

July 20 2020

“Diebold Nixdorf, which had sales of $3.3 billion from ATM sales and service last year, is warning stores, banks, and other customers of a new hardware-based form of “jackpotting,” the industry term for attacks that thieves use to quickly empty ATMs. The new variation uses a device that runs parts of the company’s proprietary software […]
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Tech

Spanish Banks Complete Tests of Programmable Payments for Smart Contracts

July 15 2020

“Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank have successfully completed a proof-of-concept test to enable the execution of payments triggered by smart contracts in blockchain networks. The initiative, coordinated by Iberpay, the company that manages the Spanish Payment System (SNCE), confirmed the viability of employing blockchain technology to the payments sector, allowing the automatic […]
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Providers

Singapore Says Blockchain Payments Project Ready for Commercial Rollout

July 14 2020

“Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and J.P. Morgan to develop the prototype […]
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Tech

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

July 22 2020

“A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10.  The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other […]
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On The Wires

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Tech

Global Payments Joins Forces With AWS to Deliver the Future of Payments

August 3 2020

“Today, Global Payments Inc. and Amazon Web Services (AWS), an Amazon.com company, announced a new, multi-year collaboration agreement to provide a cloud-based issuer processing platform to financial institutions around the world. As part of this agreement, Global Payments and AWS will strategically collaborate to transform Global Payments’ core issuing platform to deliver secure, innovative solutions […]
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