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…

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.