ING partners with Dutch supermarket to trial cashierless store

by Amy Castor — Editor, Networld Media Group

September 9, 2019

ING has joined forces with Dutch supermarket chain Albert Heijn and U.S. tech startup AiFi to pilot a cashierless store. The partners have built a…

Grab investing $150M to create 'super app'

September 5, 2019

Grab Holdings Inc. plans to spend about $150 million on artificial intelligence and to hire additional engineers to help create a regional "super app" that…

Renovite appoints Sanjay Mishra as CDO

September 4, 2019

Payment specialist Renovite Technologies has appointed industry veteran Sanjay Mishra as its chief delivery officer. In the position, Mishra will lead…

Rapyd teams with Hong Kong's TNG Fintech to boost cashless transactions

August 29, 2019

Rapyd, a fintech as-a-service startup, has partnered with TNG Fintech Group Inc., a Hong Kong-based digital wallet operator, to boost cashless transactions. 

What Visa and Mastercard don't want you to know about cash

by Ron Delnevo — Chairman, Cash and Card World

Cash is the quicker choice. The average cash payment transaction at the point of sale takes only around 22 seconds, 7 seconds faster than the average card and…

Bank of America reports surge in Zelle users in 2019

August 21, 2019

Bank of America's person-to-person use of mobile payment network Zelle surged this year. The uptick in usage was driven mainly by millennials and Gen Z in…

EMVCo releases proposed spec changes to support 8-digit issuer ID codes

August 16, 2019

Payment card standards body EMVCo released proposed specification changes Thursday for payment systems to accommodate longer numbers on credit and debit cards…

Cash won't die in America — it's too darn convenient

August 15, 2019

Cash is still king when it comes to buying things like a cup of coffee, pack of gum or a pint of beer in the U.S. Why? Because it's faster and often more…

Lusis Announces Strategic Partnership with DataCare Zrt

In the new agreement, Lusis will provide software solutions that will reside in DataCare’s Data Centre.

Lusis Payments Named as Europe’s 2019 Best Electronic Payment Systems Solution

Lusis Payments is proud to announce that it has been given the award as Europe’s 2019 Best Electronic Payment Systems Solutions by Capital Finance…

How Mexico's war on stolen gas is turning into a war on cash

by Amy Castor — Editor, Networld Media Group

Criminal gangs have been stealing gas in Mexico for decades, but in recent years, the situation has spun out of control. Putting a stop to corruption requires…

ATM Marketplace: July Top 5

by Amy Castor — Editor, Networld Media Group

Second-quarter earnings for one major ATM maker sparkled, and readers were curious about the future as those two topics topped July's most-read stories.

Pulse study shows debit card use rising for e-commerce, P2P and online bill payment

August 1, 2019

Consumers are using debit payments more often to make e-commerce purchases, for online bill payments and for P2P transfers, according to a new study…

NCR surpasses Q2 estimates thanks to boost in ATM sales

by Amy Castor — Editor, Networld Media Group

NCR beat analysts estimates in Q2 2019. Total revenue for the quarter was $1.71 billion, up 11% year over year. Most of the growth came from its banking…

Fiserv completes $22B First Data merger

July 30, 2019

The deal is done. Financial technology company Fiserv Inc. completed its $22 billion all-stock acquisition of New York's First Data Corporation on Monday. 

Don't let China skew the global ATM picture

The number of ATMs worldwide is now in decline, but a big part of that is due to China's rapid adoption of smartphone payment systems. If we take China out of…

Majority of Brits still paying for things with cash

July 24, 2019

Despite all the news that cash is on its way out, a new report from UK's Payment Systems Regulator suggest the vast majority of Brits are still pulling notes…

European fintechs, challenger banks poised to invade US market

by David Jones — Editor, Networld Media Group

A new wave of European fintechs are planning to invade the U.S. banking market with alternative models of savings, payment and new customer relationships that…

Visa invests in Indonesian payment, ride hailing app Go-Jek

July 18, 2019

Go-Jek has evolved into a super app of sorts. It began as a ride-sharing, but now allows its customers to make online payments for food, groceries and a…

Contactless cash cards and the future of ATMs

Current ATMs require regular servicing and advanced physical security measures, like safes, locks and barriers. What happens if we adopt contactless cash cards…