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…

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…

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…

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.

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…

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…

Pulse names EVP of product management

January 22, 2020

Pulse, a debit/ATM network owned by Discover Financial, has named Jennifer Schroeder as iexecutive vice president, product management. 

Creation of the Research Chair "Artificial Intelligence Applied to the Detection of Payment Fraud and Trading

Romain Soubeyran, Managing Director of CentraleSupélec and Philippe Préval, CEO of Lusis, launch the Chair "Artificial intelligence applied…

Amazon exploring palm biometric technology for retail checkout

January 20, 2020

Amazon is working on new checkout terminals that would allow shoppers to make payments using biometric data found on their palm prints rather than having to…

Loomis to buy Swedish cash-handling firm Nokas Vardehantering

January 17, 2020

Loomis AB, through its wholly owned subsidiary, Loomis Sverige AB, is buying cash-handling firm Nokas Vardehantering AB, subsidiary of Norway's Nokas…

Travelex CEO issues video apology after cyber attack, says some systems back online

January 17, 2020

Travelex CEO Tony D'Souza issued a video apology to customers and announced an initial recovery from a New Year's Eve ransomware attack, saying that the first…

Paysafe expands omni-channel payment offerings with Handpoint

January 14, 2020

Paysafe has expanded its omni-channel offerings with the launch of the Cloud SDK from Handpoint, a firm that specializes in integrated payments. 

4 Belgian banks plan to roll out shared ATM network

January 10, 2020

Four Belgian banks, including Belfius, BNP Paribas Fortis, ING and KBC, have announced plans to launch a bank-neutral ATM network starting in 2021, which…

Nets acquires Finnish payments software firm Poplatek

January 9, 2020

Nets Group, a Denmark-based payments processing company, announced the acquisition of Poplatek Oy, a Finnish software developer and its spinoff company, which…

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…

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…