Worldpay marks the PoC for VR payments


Researchers at Worldpay are investigating how shoppers can pay using a credit or debit card while remaining within a virtual environment. As part of its real ambitions, the payments firm has created a proof of concept (PoC), with the aim to provide the “same levels of convenience, and security” that shoppers have in-store and online, […]

Payments UK predicts debit cards to overtake cash in 2018

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Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to trade association Payments UK (soon to become UK Finance). Despite this surge, its latest forecast still does not herald the demise of cash – even in ten years’ […]

CFPB structure hangs in the balance

US prepaid consumers not happy

Oral arguments in PHH Corp. et al v. CFPB (the US Consumer Financial Protection Bureau) were held yesterday (24 May) in front of all active judges from the Federal Court of Appeals for the Washington DC Circuit, following the CFPB’s successful appeal for an en banc hearing. At stake: the conditions under which the president may […]

Quebec Bill would ban expiration of loyalty points

The fleur-de-lis of Quebec

Canadian Minister of Justice Stéphanie Vallée has introduced legislation (Bill 134) to update Quebec’s Consumer Protection Act (CPA). Among the legislation’s stipulations, companies would be prohibited from allowing consumers’ loyalty points to expire on a set date or by a certain time period. Banking Technology‘s sister publication Paybefore reports that companies would also have to provide consumers’ details […]

Gemalto bus-ts a move with GDPR double decker delight

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Should you hear a vehicle trundling down your litter-strewn UK street don’t all rush out assuming it’s an ice cream van. Calm yourself and your desires for a gigantic calorie-drenched concoction, and instead prepare for Gemalto’s GDPR Clinic. Before you ask WTF? (i.e. what the fintech) – this is payments firm Gemalto and its double […]

Travelex kills off Supercard

Sad face

Supercard, a new card and mobile product launched by Travelex and Wirecard last June, is now being sunsetted.

Comdata adds Spend Escalator to ePayables for quick payments

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US-based Comdata is making it easier for clients who use its B2B payment and virtual credit cards, or ePayables, which it says will drive adoption. The company is so convinced its new Spend Escalator technology is beneficial, it has applied for a patent, reports Banking Technology‘s sister publication Paybefore. Comdata already integrates its virtual credit […]

Form3 teams with Apply Financial for payments validation

Real-time payments are coming to you

Form3, a cloud-based fintech firm launched last year, has partnered with payments validation company Apply Financial. The deal enhances Form3’s Payments-as-a-Service platform with “automation services to validate, enrich, and fix single and bulk payments”, Form3 says.

Android Pay launches in Russia

Android Pay

Android Pay has now landed in Russia and can be used with an eligible Visa or Mastercard credit or debit card from a supported bank. The supporting banks are AK BARS, Alfa-Bank, B&N Bank, MTS Bank, Otkritie, Promsvyazbank, Raiffeisen Bank, Rocketbank, Russian Standard Bank, Russian Agricultural Bank, Sberbank, Tinkoff Bank, Tochka, VTB24 and Yandex.Money. There […]

Games without frontiers via TransferWise borderless account


TransferWise has unveiled its “Borderless” account with the promise that it works like a local bank account in different countries. The account is its plan to replace “old-fashioned” money transfers. TransferWise says local bank details in the UK, Eurozone and US are available, and other unspecified countries are on the way at some point in […]