PayPal acquisitions squeeze earnings outlook

by David Jones — Editor, Networld Media Group

PayPal shares fell Thursday after the company warned that a slew of recent acquisitions would put a slight dent in near-term forecasts. The payments firm has…

UK arrests 3 in probe of Malta's Bank of Valletta cyber attack

January 31, 2020

The National Crime Agency in the U.K. made three arrests in Belfast and London as part of a money-laundering investigation linked to a massive malware attack…

Nationwide Building Society uses contactless smart window to raise funds for homeless

January 31, 2020

Nationwide Building Society in the U.K. has deployed contactless payment technology to help raise money to fight homelessness.

Mobile payments gaining momentum, but Deutsche Bank says don't sleep on cash

by David Jones — Editor, Networld Media Group

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In…

Lloyds Banking Group to shut 56 branches by October 2020

January 30, 2020

Lloyds Banking Group confirmed that it will close 56 bank branches across the U.K., as customer preferences continue to move toward digital banking and reduced…

Australia's Commonwealth Bank invests another $200M in Klarna, launches installment app

January 30, 2020

Commonwealth Bank of Australia has made an additional $200 million in Klarna AB, a fintech that provides installment financing for retail customers. It…

Wawa confirms hacked payment data has gone on sale on dark web

January 30, 2020

Wawa Inc., a convenience store and gas station chain that was hacked in December, has acknowledged reports that criminals have put stolen card data up for sale…

Zelle transactions, payment volume surge on holiday spending

January 29, 2020

Early Warning Services, parent of the Zelle Network, reported strong fourth-quarter spending surged on the P2P service, driven by increased gift money giving…

NatWest, G4S launch Intellgent Vault to enhance cash management for business

January 29, 2020

NatWest launched an Intelligent Safe, under a partnership with G4S, which allows business to get a daily credit for their cash deposits, however without the…

N26 reaches 250,000 customers in US since 2019 debut

January 28, 2020

N26 Inc., a U.S. unit of German challenger bank N26 GmbH, has grown to 250,000 customers since launching in August 2019. 

Skrill launches prepaid Visa card with Community Federal Savings Bank

January 27, 2020

Skrill USA Inc. unveiled the Skrill Visa Prepaid Card, issued by New York-based Community Federal Savings Bank, which allows customers of the Skrill digital…

India's ICICI bank unveils cardless ATM transactions using mobile app

January 24, 2020

India's ICICI Bank rolled out Cardless cash withdrawals, that allows customers make ATM withdrawals using their IMobile banking app, with no need to use a…

Japanese lawmakers to propose digital currency

January 24, 2020

Japanese lawmakers are mulling over a plan to launch a digital version of the yen, amid concerns over China's plans for a digital yuan and the impact of…

Visa tackles growing UK cash access crisis with retail expansion

Visa is launching a program to expand access to cash for rural and low income communities in the U.K. amid reduced access to branch banking and ATM coverage.

Persistent Systems, Validsoft develop voice biometrics for banks, credit unions

January 24, 2020

Persistent Systems and Validsoft have developed a secure voice authentication for banks and credit unions. 

The Clearing House raises real-time payments maximum to $100,000

January 23, 2020

The Clearing House is quadrupling the maximum limit on the RTP network to $100,000. The increase, which starts Feb. 1, is due to increased participation and…

How self-service technology and digital payments are impacting retail

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These…

Mastercard opens cyber research center in Vancouver

January 23, 2020

Mastercard has opened a Global Intelligence and Cyber Centre in Vancouver, Canada, allowing it to research digital and cyber security, artificial intelligence…

Western Union, Bharti Airtel partner on real-time bank transfers to India, African mobile wallets

January 22, 2020

Western Union has teamed up with Bharti Airtel Ltd. to allow customers to send real-time payments directly to bank accounts in India as well as real-time…

ACH payments increase during Q4, led by surge in same-day transactions

January 22, 2020

The ACH Network, a nonprofit that facilitates check-by-phone transactions, reported that volume grew 8.1% during the fourth quarter to 6.4 billion payments…