Payments News

On The Web

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Tech

JPMorgan Using Blockchain to Move Billions in Repo-Market Trades

“JPMorgan Chase & Co. is using its custom blockchain to conduct intraday repurchase agreements totaling billions of dollars, an advance that’s helped persuade Goldman Sachs Group Inc. to join the new digital market early next year. The repo trades swapped digitized U.S. Treasury bonds for JPM Coin, the blockchain-based representation of U.S. dollars held in […]
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Domains

Payconiq rolls out cross-border QR mobile payments service in Europe

“Users of Payconiq -supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries. The expansion of the cross-border payments service follows the integration of the Luxembourg-based Digicash by Payconiq app into “the first interoperable mobile payment platform in Europe” alongside other […]

On The Wires

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Standards

ASC X9 Issues First Blockchain Terminology Standard

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the publication of X9.138 — Distributed Ledger Technologies Terminology, a much-needed standardized glossary of the most important common terms and definitions used with distributed ledger technology (DLT). The highest-profile example of DLT is bitcoin. The new standard is available for download at no charge.”
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Deals

Cardtronics Enters into Definitive Agreement to be Acquired for $35.00 per share by Funds Affiliated with Apollo Global Management and Hudson Executive Capital

“Cardtronics plc (Nasdaq: CATM) (“Cardtronics” or the “Company”), the world’s largest ATM owner/operator, today announced that it has entered into a definitive agreement with funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Hudson Executive Capital LP (“Hudson Executive”) to be acquired for […]
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Tech

Scanit Announces Launch of Digital Wallet to Improve Contactless Transactions

“Scanit , a new technology that can be used to read QR and Direct Response Video (DRV) codes from up to 60 feet away, announced today the launch of its newly created digital wallet. A successful “proof of concept” technology, the digital wallet allows users to complete contactless transactions from distances up to 20 feet away. Utilizing its patented […]
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Tech

DoorDash & Payfare Partner To Launch DasherDirect Visa Card & Mobile Banking App

“DoorDash (NYSE: DASH ) and Payfare are pleased to announce the launch of the DasherDirect platform, a banking solution for DoorDash delivery drivers (Dashers) offering a Business Prepaid Visa Card and mobile banking app. This marks DoorDash’s first-ever financial platform for Dashers, providing them with exclusive new rewards and more flexibility and control over their earnings.”
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Tech

BBVA launches its first commercial solution for the trading and custody of bitcoin in Switzerland

“Starting in January 2021, BBVA’s unit in Switzerland will progressively launch a new service for the trading and custody of digital assets. BBVA has spent over five years exploring blockchain technology in very different areas – from international payments, trade finance to capital markets. The evolution of blockchain technology, together with the growing demand for cryptocurrency […]
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Companies

PayPal launches touch-free payments in-store with iZettle’s point of sale app to support UK businesses post-lockdown

“PayPal today launched QR code payments in iZettle’s point of sale app, allowing small businesses across the UK – from retailers to florists and cafes – to accept safe and secure touch-free payments from customers. The roll-out marks the first time UK merchants can accept PayPal QR Code payments in-store via a point of sale […]