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…

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. 

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 …

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…

The future of cash, ATMs — your 2020 spoiler alert

by Bernardo Batiz-Lazo — Professor of Business History, Bangor University

According to some economists, we've been experiencing an extended period of slow growth since the 1970s. What does this mean for the future of cash and ATMs?

In the switch from cash to mobile payments, businesses need to consider in-app fraud

As a rising number of consumers use digital payments to conduct ecommerce transactions, businesses need to make sure their mobile apps are secure. Customer…

Juniper Research sees contactless POS devices surge to 161M by 2024

December 17, 2019

The number of contactless point-of-sale devices will more than double to 161 million worldwide by 2024, compared with the existing 78 million in 2019…

Citi, PayPal enter deal to enable institutional payments directly into mobile wallets

December 16, 2019

Citi and PayPal entered an agreement to enable the bank's institutional clients to be able to make direct payments into PayPal digital wallets.

FSS and AFS Partner to Promote Digital Payments in the Middle East

Partnership advances growth of digital payments in the Middle East Launched services in Oman and Bahrain with four financial institutions onboarded in …

Nets trials facial-recognition payments in Copenhagen

December 9, 2019

Under the tagline "Hungry? Face it," Nets, a Nordic provider of digital payment services, has launched a pilot testing facial recognition as a payment method…

Natwest to pilot biometric payments in UK with contactless key fob

December 4, 2019

Planet, Network International partner to launch DCC at 1,000 ATMs in UAE

December 4, 2019

Planet Payment, an international payments service based in Ireland, has partnered with digital commerce provider Network International LLC to roll-out dynamic…

Hang Seng brings mobile ATM withdrawals to Hong Kong

November 29, 2019

Withdrawing cash from one of Hang Seng Bank's 600 ATMs in Hong Kong will soon be as easy as using a mobile phone to tap an NFC device or scan a QR code. 

Stories we tell ourselves: ATM myths and narratives

by Bernardo Batiz-Lazo — Professor of Business History, Bangor University

A narrative, as Nobel laureate Robert Shiller defines it, is a story with a moral that can rise to the level of an economic narrative. In the ATM world, we…

Taiwan's financial regulator: ATMs won't disappear, they'll just become smarter

by Amy Castor — Editor, Networld Media Group

November 20, 2019

Taiwan has been pushing toward cashless payments. However, its financial regulator reassured citizens on Tuesday, that despite those efforts, ATMs will not…

Google to launch checking accounts with Citi, local credit union

November 13, 2019

Google, in another move by Silicon Valley to enter the financial services space, is teaming with Citigroup and Stanford Federal Credit Union to offer checking…