PaymentsRSS

Mastercard launches safer payments guide for children

mastercard

Child & Youth Finance International (CYFI) and Mastercard have released a guide on banking and payment products for minors. The “Safer Payment Products for Minors” guide offers recommended practices on how financial service providers (FSPs) can develop age-appropriate payment products for minors; promoting responsible spending and financial decision-making. Walt Macnee, vice-chairman Mastercard, says: “Today’s minors […]

Payments innovation reigns in Spain with CaixaBank hub

spain

CaixaBank, Global Payments, Visa, Samsung and BNP Paribas’ subsidiary Arval have joined forces to set up Spain’s “first” payment innovation hub. The objective behind the hub is to “present society with the best possible user experiences in purchases and commerce, both online and offline”. The centre, which will be located in Barcelona, will specialise in […]

Image is everything for VocaLink and UK’s new cheque tech

Cheque

VocaLink and BancTec, a part of SourceHOV, a provider of enterprise information management (EIM) and transaction processing solutions, will build the UK’s new image-based cheque clearing system. As Banking Technology reported this month, the Cheque and Credit Clearing Company (C&CCC) launched the industry-wide system to speed up processing for customers across the country. Paul Stoddart, […]

Brexit pushes UK prepaid crew’s call for passporting rights

It'll be hard

As the UK has officially started the process of leaving the European Union, the Prepaid International Forum (PIF), a trade association for the prepaid financial services sector, urges Prime Minister Theresa May and the UK’s Brexit negotiators to avoid any scenarios involving trade barriers to the financial markets, especially in the fintech sector.

HSBC and First Direct to get VocaLink Pay by Bank app

Pay by Bank app 2

VocaLink’s Pay by Bank mobile payment app will soon be available to customers of HSBC and its subsidiary, First Direct. Pay by Bank app, created by VocaLink’s payment innovation team Zapp, enables people to make “digital debit” payments for goods and services via their banking app, with payment made directly from a current account. HSBC […]

PSR pushes for greater payments competition and innovation

UK flag

The UK’s Payment Systems Regulator (PSR) is calling for even more competition and creativity in the sector over the next 12 months. At the launch of its “Annual Plan and Budget for the year 2017/18”, held at the Barbican Centre in London, it summarised its achievements and set out its ambitions to build on the […]

US Supreme Court won’t revive settlement in interchange case

The court says no

A legal battle between merchants and payment networks over interchange fees that has been raging for more than a decade will continue now that the Supreme Court of the US has declined to restore a $5.7 billion settlement agreement that was tossed out by a lower court.

Bokis in mobile payments first with Dankort card

Members of a Danish banking collective, Bokis, have become the first in the country to offer mobile payments using Dankort, the national debit and credit card. Bokis includes 62 banks that form the small to mid-sized banks segment of Lokale Pengeinstitutter (the Association of Local Banks, Savings Banks and Co-operative Banks in Denmark), together with […]

Square launches in UK

Square

San Francisco-based payments specialist Square has landed in the UK. This is the fifth market for Square, following the US, Canada, Australia and Japan.

Fintech funding round-up: 28 March 2017

funding

Enjoy a word-lite delight with our brief fintech funding round-up. Features Clarity Money, The Glue and OOjiBO. US-based Clarity Money, a personal finance app, has announced a $11 million Series B funding round led by RRE Ventures and Citi Ventures. This financing comes three months after Clarity Money launched its product and eight months after […]

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