Payments News
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Tech

Blockchain: The Networked Ecosystem Is the Business

“The next step in the evolution of blockchains is the formation of industry networks. These create value by developing and operating shared industry infrastructures as well as shared processes and applications to be used by all its industry members. Governance is the biggest challenge in creating such industry networks, which requires collaborating with other industry […]

On The Web

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Tech

Technology Drives Deals Because No One Wants to Be the Next Blockbuster (Video)

“Why did Walmart Inc. spend $16 billion for control of a money-losing Indian retailer called Flipkart Group? The answer: Amazon.com Inc. Walmart is the biggest merchant in the world, but the fact that online sales represent only about 5% of revenue suggests it has room to learn from Flipkart’s in-house payment system or its ability to […]
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Tech

Bank Indonesia Launches National Standard QR Code

“Bank Indonesia (BI) launched on Monday its long-awaited Quick Response Indonesia Standard (QRIS) code system that aims to universalize cashless payment in the country. QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem.”
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Systems

New Payments Platform Ropes in QR Codes

“The days of fumbling for loose change at the school fete or footy match sausage sizzle could soon be numbered, after the New Payments Platform (NPP) revealed it’s working quickly with banks, merchants payment services providers to hook-up scan-to-pay QR codes to its real time network.”
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Tech

MagicCube Looks to NTT to Help Bring PIN-on-Glass to Merchants in Japan

“For decades, PIN entry has been restricted to specialized hardware devices, such as PIN pads on ATMs and at the point of sale. On Monday, a Santa Clara, Calif.-based software company headed by a former Visa Inc. executive said it will start offering to retailers in Japan its technology for PIN entry on ordinary, off-the-shelf […]

On The Wires

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Companies

BBVA Builds a Global Payment Platform for the Future

“BBVA Group has developed a platform to facilitate mobile payments across all the countries in its footprint. The platform developed by BBVA connects to Visa and Mastercard directly from each country’s application and provides the data required to process digital transactions from a smartphone.”
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Tech

Financial Data Exchange Adds 11 New Members, Makes API Publicly Available

“The Financial Data Exchange added 11 new members between February 1 and April 30, 2019, bringing the total membership to 47 organizations spanning the full breadth of the financial services ecosystem, from financial institutions to data aggregators, and banking core processors to fintechs. FDX is leading an industry wide commitment to enhance consumer controls of financial […]
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Tech

JCB Introduces Web API for Merchant Acquiring to Expand Payments Acceptance Across Europe and Beyond With ACI Worldwide

“JCB International .Co. Ltd, the international operations subsidiary of JCB Co., Ltd., and ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , today announced an alliance to introduce “JCB Web API Service” using ACI’s UP eCommerce Payments solution. JCB Web API Service provides acquirers with a web API-based interface for authorization […]
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Tech

New NatWest Debit Cards Now Accessible for All Customers

“The new design helps customers easily and quickly identify the correct way a card should be inserted into a cash machine. The flat design also makes it easier to fit into a wallet or purses and helps to increase the lifespan of the card. The larger card lettering helps make it easier for customers to […]