Payments News

On The Web

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Deals

Restaurant payment app secures Europe’s largest seed-funding round

“More than 1,000 restaurants and hotels have signed up to the app, including Corbin & King, owners of the Wolseley and Delaunay in London, Four Charles Prime Rib in New York and the Hoxton chain, which runs nine hotels across Europe and the US. It involves customers scanning a QR code on their table to […]
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Global

JPMorgan Testing Blockchain Solution With Taiwanese Banks

“JPMorgan launched a blockchain solution that aims to reduce the number of rejected or returned payments. The U.S. banking giant said Monday it is testing the solution “Confirm” with 12 banks in Taiwan including CTBC Bank, Taiwan Cooperative Bank and First Commercial Bank for money transfers to Indonesia using JPMorgan’s clearing solution “PayDirect.”The banks will […]
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Tech

QR Code Payment Link Formed Between Thailand and Vietnam

“The Bank of Thailand and the State Bank of Vietnam have launched a new QR code payment link between the two countries to allow cross-border transactions. The QR code payment link will allow for cross-border payments to take place . Moreover, it will make it possible for the two countries to be able to use […]
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Tech

Silicon Valley’s Clipper All-in-one Transit Card Finally Adds Apple Pay

“Silicon Valley might seem like a shining beacon of technological progress to some onlookers, but natives know it can be weirdly hit and miss — like how the San Francisco Bay Area has long had a physical tap-to-pay card that’ll let you onto practically every form of public transit, and yet never let you simply tap your […]
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Companies

Patent Shows How Apple Pay Could Automatically Select a Card Based on the User’s Location

“Apple Pay users could be able to make contactless payments and other transactions with merchants or transit providers without having to manually select the correct payment, rewards or transit card or other digital credential from within their mobile wallet. Technology that would enable Apple Pay to automatically choose the stored card or credential most appropriate […]
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Tech

IDB-backed LACChain Tokenizes Citi Payments, Partners With Overledger – Ledger Insights – Enterprise Blockchain

“Today the Inter-American Development Bank (IDB) announced it had executed a cross-border payment using blockchain as part of a proof of concept involving Citi Innovation Labs . The solution used the LACChain blockchain network, a public permissioned consortium blockchain for Latin America and the Caribbean backed by IDB. Separately, LACChain also announced a partnership with […]

On The Wires

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Deals

Netstars Raises JPY6.6 Billion From Investors Including KKR, SIG and LUN Partners | NETSTARS CO., LTD

“Netstars Co., Ltd. (“Netstars” or the “Company”), the operator of Japan’s largest QR code payment gateway, today announced the completion of a JPY6.6 billion funding round. The round, which was made through a combination of a capital infusion and the allotment of new shares, includes a JPY4 billion investment made from funds managed by global […]
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Tech

Fidesmo and ISBC Reach Millions of Potential Users in Russia

“Fidesmo enters Russia together with the company ISBC and reaches millions of potential users as eight leading Russian banks now offer the wearable payment service Fidesmo Pay.  The Swedish tech company continues to expand its payment service Fidesmo Pay and today enters Russia together with ISBC, which specializes in RFID devices, and eight* leading banks, all issuing […]
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Domains

Toast Launches Enhanced Contactless Suite to Help Increase Restaurant Revenue and Support Restaurateurs in Reimagining Hospitality

“Toast , the fastest-growing restaurant management platform, today launched an enhanced suite of contactless and guest-facing solutions to help restaurateurs reimagine operations and reduce overhead as they rebound from the COVID-19 pandemic. Today, Toast debuted updates to its Toast Order & Pay™ solution, including pre-authorization tabs and group ordering. Designed to meet the ever-increasing demand […]
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Companies

Partnership With ConsenSys Supports the Future of Multi Blockchain Commerce

“Mastercard and ConsenSys have announced a partnership to power the future of commerce. ConsenSys, a software engineering firm in the blockchain space, provides tools and services to support the Ethereum ecosystem and helps developers build next-generation networks to enable companies to launch more powerful financial infrastructures and technology. ConsenSys Quorum is an open-source protocol layer […]