Payments News

On The Web

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Companies

ISO 20022: Full of Promise But Treasurers Remain Wary

“Global payment has been transformed for the better over the last decade and while champions of the new payment messaging standard ISO 20022 believe it will deliver it even more profound benefits for the industry over the next ten years, corporate treasurers are more circumspect. At a recent conference Ross Jones, head of global payments at Barclays, […]
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Companies

What Barclays/Lloyds Wrist Slap Means for Open Banking APIs

“One of the promises of Open Banking was that it would level the playing field, making it possible for new entrants to compete with the banking behemoths but for that to happen there needs to be transparency. Any inaccurate information can skew the market and potentially disadvantage those that rely on that information to compete. […]
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Companies

End of days as Barclays brings bPay into Pingit

“Barclays’ bPay app has had its day as it will be brought into Pingit to build out this mobile payment brand. The latter has about 3.6 million users, but bPay, which was launched in 2014, has users “in the high tens of thousands,” a Barclays spokeswoman says. With two separate apps, and the struggle against rivals […]
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On The Wires

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Companies

Crowdz Selected for Barclays Techstars London Accelerator

“The primary goal of Crowdz’s blockchain-based Smart Transaction Networks is to use the blockchain, along with the associated technologies of artificial intelligence, self-executing smart contracts, and IoT (Internet-of-Things) sensing, to accelerate business-commerce transactions within the $25 trillion global business-to-business commerce market from the current weeks or months to literally milliseconds.”