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

FedEx CIO Looks to Industry Collaboration to Scale Blockchain

“Best known as the record-keeping system behind cryptocurrencies, blockchain is a data structure that makes it possible to create and share a digital ledger of transactions among various parties. The data, encrypted and unchangeable, is always up to date on all participants’ systems, making blockchain a potentially powerful tool for say, tracking a package’s movement […]
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Tech

J.P. Morgan Expanding Blockchain Project With 220 Banks to Include Payments

“Investment banking giant J.P. Morgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017 […]
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Tech

Euronet Worldwide Subsidiary Ria Money Transfer Joins Ripple’s Blockchain Payment Network – TokenPost

“Ria Money Transfer , a subsidiary of e-payment services provider Euronet Worldwide, is the latest to join Ripple’s blockchain-powered global payments network. Headquartered in California, Ria is one of the world’s largest international money transfer companies with customers in over 155 countries, more than 377,000 locations worldwide, and $40 billion in money transfer volume per […]
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Tech

CULedger Partners With R3 on Blockchain-Powered Cross-Border Payments

“A credit union consortium is working on a blockchain-based cross-border payments tool aimed at serving 89,000 credit unions globally. CULedger, a group of credit unions working on distributed ledger technology, today launched a partnership with enterprise software firm R3 on a cross-border payments tool built on its Corda blockchain platform, called CUPay.”
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Tech

Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System

“The patent, according to the report, could usher in cardless credit transactions that would see users of the system make payments using apps on mobile devices. In such a development, the invention would disrupt the traditional card system based on three intermediaries: the credit card company, a value-added network (VAN) service provider and a payment gateway.”
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Tech

Wall Street Finds Blockchain Hard to Tame After Early Euphoria

“But a review of 33 projects involving large companies announced over the past four years and interviews with more than a dozen executives involved with them show the technology has yet to deliver on its promise. At least a dozen of these projects, which involve major banks, exchanges and technology firms, have not gone beyond […]

On The Wires

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Tech

J.P. Morgan and Microsoft Announce Strategic Partnership to Drive Enterprise Adoption of Quorum

“J.P. Morgan and Microsoft Corp. on Thursday announced they have signed a memorandum of understanding to form a strategic partnership to accelerate the adoption of enterprise blockchain. Through this partnership, Quorum, developed by J.P. Morgan, will become the first distributed ledger platform available through Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build […]