HighRadius raises $125M led by Iconiq, reaches Unicorn status

January 7, 2020

HighRadius, a Houston-based fintech, specializing in order-to-cash and treasury management software, said it has achieved Unicorn status after raising $12…

Super apps and the fintech revolution in 2020

As Big Tech encroaches upon banking, some of the leading app developers in the ride sharing and food delivery space are carving out a niche for themselves in…

Travelex international currency exchange hit by ransomware attack

January 7, 2020

Travelex, the London-based currency exchange and travel card provider, has been hit with a ransomware attack on New Year’s Eve, which has compromised certain…

NEC unit Banqsoft acquires E Foqus financial software business

January 7, 2020

NEC Corp. announced that Banqsoft, a Norway-based subsidiary of its Denmark-based KMD unit, has acquired part of Danish software firm E Foqus, specifically the…

HSBC limits access to certain Hong Kong branches, ATMs due to protests

January 7, 2020

HSBC confirmed that it has taken reduced hours at some self-service machines and branches in Hong Kong to protect facilities due to the ongoing pro-democracy…

American Express opens Centurion and Escape lounges at Phoenix Sky Harbour airport

January 6, 2020

American Express and Mag USA announced the opening of The Centurion Lounge and Escape Lounge at Phoenix Sky Harbour International Airport, which will offer…

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Singapore's iFast leads consortium to seek digital banking license

January 6, 2020

The digital banking race in Singapore got a little more competition, as iFast Corp., a wealth management fintech, announced that it is leading a consortium…

Social media payments: An ally or adversary of banks

Many banks have increased overall focus on user experience within their digital ecosystems and have added new functionality like peer to peer payments into…

Revolugroup Canada completes 20-nation test of Visa-linked e-wallet

January 3, 2020

Revolugroup Canada Inc. said it completed a 20-nation beta test of its RevoluPay e-wallet, which is linked to a proprietary physical Visa card. 

Merging digital and in-person services for the next generation of banking customers

It’s important for banks to understand the demands of Gen Z consumers and plan ahead, in order to provide the services and capabilities that this next wave of…

3 lessons from Apple Card: How FIs can deliver a frictionless, consumer-centric experience

Apple Card is designed to be the ultimate consumer payments card — a centralized hub to intelligently manage and track spending and gain insight into payment…

Cardknox payment gateway certified with Pax S920

January 2, 2020

Cardknox Development Inc. said its omnichannel payment gateway has completed its certification with the Pax S920, which will allow merchants to gain a wireless…

BBVA launches sales on Amazon with eye towards financial products

January 2, 2020

BBVA, the Spanish banking group, has launched a plan to sell products on Amazon, starting with renowned restaurant El Cellar de Can Roca, part of a larger plan…

UnionPay says 4 million merchants support mobile service outside of China

January 2, 2020

UnionPay International, the third leading mobile wallet service in China, said that 28.5 million merchants accept Union Pay outside of the country, with …

4 digital banking trends to watch in 2020

The growing phenomenon of direct, digital banking and Silicon Valley's entry into the payments business pose a series of challenges to traditional banks. NCR's…

UK convenience store group urges LINK to cancel fee cut amid crisis in cash access

December 31, 2019

The U.K.'s  Association of Convenience Stores is urging LINK, the entity that controls that country's ATM network, to cancel its next planned fee cut in order…

Puerto Rican neobank FFIBI teams with Seafarer Foundation on multi-currency payroll card

December 31, 2019

Puerto Rico-based First Finance International Bank Inc. has teamed up with the Australia-based Seafarer Foundation to develop a reloadable multi-currency card…

Dash Gold Foundation to push digital currency payments, blockchain ATMs

December 30, 2019

The Dash Gold Foundation said it will use the gold SKR (Safe Keeping Receipt) to promote its Beyond Dash Gold digital currency payments, digital currency ATM…

Wirex, i2C partner on blockchain-based payments card in Asia-Pacific

December 30, 2019

Payments firm Wirex and i2C Inc., a digital banking and payment processing firm, announced a partnership to launch a blockchain-based card for travelers using…