PaymentsNews

On The Web

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Tech

Cross River and Railsbank create transatlantic API action

“The arrangement will enable the pair to use each other’s existing platforms, allowing for integration and servicing of their respective fintech customer bases across borders and regions. The partnership will also enable Railsbank’s customers in the UK and Europe the ability to enter the US through their existing integration with Railsbank.”
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Tech

Wirecard launches API developer portal

“With APIs as popular as an opened pot of jam to an unruly gang of wasps, the firm is keen to get involved in this craze. Its portal is designed to let customers integrate the Wirecard digital platform into their environments and expand their existing installations. At the same time, the company is announcing an […]
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Tech

TrueLayer unveils payments API

“London-based developer TrueLayer has unveiled an open banking and PSD2 based payments API for consumers and businesses. The API, which is in public beta, offers a new way to pay for goods and services or transfer money. It is an alternative to credit and debit card payments, bank transfers and traditional payments processors.”
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Tech

Apple to expand the iPhone’s NFC functionality?

“Apple could be set to expand the iPhone’s NFC chip reading capabilities to allow it to be used to read data stored in security chips like those used in passports, comments made by the UK government suggest. The UK Home Office has been in talks with Apple to find a way to extend availability of its EU […]
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Systems

Mojaloop Bootcamp Application

“Some of the biggest challenges for retail financial services in developing countries include poor or missing payment APIs, a lack of standardization, and limited interoperability between various mobile money and bank-based domains within the payment system. These problems increase costs, create bad user experiences, and limit use cases. The Gates Foundation are working to create […]
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Systems

SWIFT Chief Announces Integration With R3 At Paris Fintech Forum

“SWIFT, the global banking payments network, is to begin testing its GPI payments standard through R3’s Corda platform. Speaking on stage at the Paris Fintech Forum this morning, SWIFT CEO Gottfried Leibbrandt said: “Later today we are announcing an integration with R3.” In a follow-up announcement, the firm explained that the “integration” will be a trial that will […]

On The Wires

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Global

RiverPay Integrates UnionPay QR Code Payment to Offer Full Portfolio of Chinese Leading Mobile Payment Options

“RiverPay Inc., an integrated payments and marketing platform to connect Chinese consumers with overseas merchants and the authorized payment service provider of AliPay and WeChat Pay, today announced the strategic partnership with UnionPay International in North America, which enables RiverPay to add UnionPay QR code payment to its existing payment portfolio. From the partnership, RiverPay is […]
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Tech

Look, Tap and Go: Commerce Introduces Contactless Visa® Debit Card

“Commerce Bank’s Visa debit and reloadable prepaid cards now feature contactless payment capability. Contactless payments use short-range wireless technology to quickly complete payments between a contactless-enabled card or payment-enabled device and a contactless-enabled checkout terminal. It takes as little as 1/2 a second to make a payment and a quicker checkout experience that’s as easy […]
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Tech

Discover Cardmembers Can Now Make Payments on the Move with Garmin Pay

“Discover® and Garmin® International, Inc., today announced that Discover cardmembers can now make payments using Garmin PayTM, a contactless payment solution for people on the move. Garmin Pay, which is powered by FitPay®, is available on Garmin’s latest active lifestyle smartwatches, the vívoactive® 3 series, and new GPS running watches, the Forerunner® 645, Forerunner 645 Music and fēnix® 5 Plus […]
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Systems

DFS Lab Announces Open Applications for Fintech Hackathon Focused on the Mojaloop Software

“Digital Financial Services Lab (DFS Lab), today announced it was hosting a hackathon in Dar es Salaam, Tanzania April 8 to 12. The Hackathon will offer participants an in-depth look Mojaloop, which is open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion. Interested applicants can apply on the DFS […]