Payments News

On The Web

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Tech

How Shopify Manages API Versioning and Breaking Changes

“At Shopify, we have tens of thousands of partners building on our APIs that depend on us to ensure our merchants can run their businesses every day. In April of this year, we released the first official version of our API . All consumers of our APIs require stability and predictability and our API versioning […]
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Tech

New York Straphangers Give Contactless Payments a Boost

“The New York City area’s Metropolitan Transportation Authority on Wednesday activated 96 contactless card readers in Manhattan’s Penn Station, one of the nation’s busiest transit hubs, in its quest to accept contactless payment cards and mobile-payment apps across its vast subway and bus system by the end of next year. The MTA also said it […]
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Tech

Santander & Other Spanish Banks Test Blockchain Payments + More News

“A number of major Spanish banks including Santander and BBVA are testing blockchain-powered payment solutions, with a view to developing banking applications. Per media outlet Noticas Bancarias, the banks are testing the inter-bank Smart Payments platform in conjunction with Iberpay and Grant Thornton. The group of banks, which also comprises CaixaBank and Banco Sabadell, is keen to test the platform’s efficiency, traceability, integrity and compliance […]
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Tech

National Payments Corporation of India Unveils Blockchain Platform for Automated Payment, Clearing and Settlement – TokenPost

“Called Vajra Platform, the distributed ledger technology (DLT)-based system has been designed or automating payment clearing and settlement processes of NPCI products. It is essentially a permissioned network, meaning that only those parties that have been approved by the Network Administrator can be a part of the network.”
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Tech

Deutsche Bank Issues Dynamic CVV Cards in Spain

“Customers of Deutsche Bank in Spain can now apply for a card that replaces the traditional, printed CVV number with a small screen integrated into the back of the card that displays a new CVV every four hours. The dynamic CVV technology used in the cards “makes it possible to increase security, especially when shopping […]
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Tech

Retail Store Checkout Will Undergo Massive Changes Soon

“To get more consumers to use them, mobile wallets have to deliver more benefits to consumers and that’s starting to happen now. A company called Popwallet.com has enabled mobile wallets for couponing, discounts and marketing in a way that makes it much more interesting for consumers to use. With Popwallet, a consumer can see an […]
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Tech

Westpac Begins Apple Pay Rollout

“Westpac, the last of the major Australian banks to hold out against the introduction of Apple Pay, has switched on support for the mobile payments service for customers of three of its smaller brands and has announced it will roll out support to its main customer base by June 2020.”

On The Wires

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