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Visa, Allpoint deal offers surcharge-free cash access to US visitors from Southeast Asia

Visa and Allpoint Network, a unit of Cardtronics PLC, have partnered to help travelers from Southeast Asia visiting the United States obtain access to cash without paying ATM surcharge fees. The agreement allows enrolled cardholders carrying Visa travel prepaid cards…

Mastercard offers Friday fare refunds for cardholders who use MTA tap-and-pay terminals

As the New York City Metropolitan Transportation Authority prepares to launch tap-and-go on some city subways and buses tomorrow, Mastercard is announcing the launch of Fareback Fridays. According to a press release, the program offers fare refunds to cardholders who…

PayNearMe marks 10 years, 5K clients

PayNearMe, a platform that facilitates cash, debit, credit and ACH payments, is celebrating two milestones — the company's 10th anniversary and its acquisition within that period of 5,000 clients across multiple market segments. PayNearMe was founded in 2009 to enable…

CheckFree founder leads Series B investment in FI Navigator

CheckFree Corp. founder and former CEO Pete Kight has led a $2.5 million Series B investment round for Fi Navigator Corp., a web-based data and analytics platform for the banking industry, according to a release from the company. The funding round was supported by Commerce Ventures, an early-stage investment firm that focuses on fintechs.

Nuvei to buy UK payments firm SafeCharge for $889M

Nuvei Corp. has agreed to buy U.K.-based payments firm SafeCharge International Group Ltd. in a cash deal valued at $889 million (669 million pounds), according to a regulatory filing. The purchase price represents a 25% premium based on the SafeCharge…

Indian consumers' familiarity with e-payments propels higher retail sales

Payments technology company Financial Software and Systems has published India Payment Trends 2018, a report that highlights consumer payment trends, as well as spending habits and patterns. Highlights from the FSS report include: October was the busiest month, with $73.2…

Mastercard, Lyft launch co-branded debit, ATM card with immediate funds access

Mastercard has announced a co-branded card with ride-sharing firm Lyft that will give drivers immediate access to pay and provide additional benefits aimed at helping workers in the gig economy. Lyft Direct Mastercard Debit will include a bank account with…

ACI, BMO team to offer real-time B2C payments

ACI Worldwide Inc., a provider of real-time electronic payment and banking solutions, has announced that BMO Financial Group is using its BMO Payment Hub, powered by the ACI Universal Payments real-time payments solution, to deploy new products, such as Zelle…

Co-op Financial Services debuts solution lines ecosystem for credit unions

Co-op Financial Services has developed new solution lines that align payments and financial technology solutions along five categories of products and services for credit unions. Co-op solution lines are structured as a portfolio and address the core needs of credit…

FSS receives honors for prepaid, online, alternative payment solutions

Financial Software and Systems Pvt. Ltd., a digital payment and financial technology company, has been recognized for excellence and leadership in cards and payments at the 2019 Golden Globe Tigers Awards held in Malaysia. The company received top honors for…

Nacha, Faster Payments Council to partner in educational effort

Nacha, the nonprofit organization behind the ACH Network, and its Payments Innovation Alliance have announced a collaboration with the U.S. Faster Payments Council to develop the Faster Payments Playbook, an educational and online decisioning platform to help financial institutions —…

Royal Banks of Missouri to deliver video-assisted banking with POPio

POPio Mobile Video Cloud, an interactive mobile video banking solution, has announced its implementation by Royal Banks of Missouri, a community bank in the St. Louis metropolitan area. POPio merges mobile video chat with real-time collaboration between consumer and financial…

Visa, Mastercard to lower EU merchant fees on transactions with non-EU cards

The European Commission has announced its acceptance of legally binding five-and-a-half year commitments from Mastercard and Visa to cut interregional interchange fees by approximately 40%. Interregional interchange fees, also known as interregional multilateral interchange fees, are applied to payments made…

Visa, FIS partner to provide cross-border B2B payments

Visa Inc. has struck an agreement with Fidelity National Information Services Inc.

BMO deploys Mastercard Send for cross-border payments

Mastercard has entered an agreement with BMO Bank of Montreal to implement Mastercard Send, which will allow faster cross-border payments for its Canadian-based business and commercial banking clients, according to a company release. Mastercard Send will allow the bank to…

Cash deposit machine serves account holders of any bank

Life Tel Communication, a Chennai, India-based startup, has launched a cash deposit machine that accepts cash from any bank account holder, regardless of their home bank. According to a report by The Hindu Business Line, the cash deposit machine solves…

Consumers willing to make payments via voice assistant, but wary about security

New research from Transaction Network Services Inc. indicates that adoption of smart payments technology has grown substantially, but that consumers have significant security concerns about its use. The report, entitled Consumers Confirm Smart Payments Adoption, summarizes research conducted in the U.S., the U.K.

T-Mobile Money intros smartphone banking app with Allpoint ATM access

T-Mobile has officially made its long-anticipated return to banking, with the launch of T-Mobile Money, which offers a no-fee, interest bearing smartphone-based checking account, according to a press release. The T-Mobile Money account earns what the company says is an…

Inlaks ATM Academy produces third year of ATM service graduates in Nigeria

Nigerian payments infrastructure provider Inlaks has announced it is third graduating class with skills in ATM service. Students in the program received training in customer management, store and inventory management, logistics operation, power system engineering and printed circuit board technology,…

Visa, Remitly partner on cross-border remittances

Independent digital remittance company Remitly has announced an agreement with Visa that will enable the Remitly digital money transfer platform on the Visa Direct real-time push payments platform. Together, Remitly and Visa plan to enable remittances from senders in the…

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