Punchh brings restaurant loyalty to Apple Wallet

Punchh, a cloud-based technology platform that builds engagement, loyalty and superior, customized experiences in the restaurant industry, has announced that Apple Pay users visiting participating restaurants will soon be able to not only pay for their purchases, but earn and...

Dutch bank tests wearable payments

ABN Amro in the Netherlands is testing wearables technology that would enable its customers to make payments directly from their current accounts using such devices, according to a press release. A select group of users is currently testing various wearables,...

Study: Banks lag with payments strategy

Eighty-seven percent of respondents to the American Bankers Association first-time payments survey indicated that their bank does not have a formal payments strategy. Of these, only 46 percent have plans to develop one. "While we're concerned that many banks don't...

Verifone reveals 2 new POS terminals

Verifone has launched two new portable and mobile point-of-sale products that are meant for on-the-go businesses, line-busting scenarios and pay-at-the table for restaurants, according to a press release. Verifone released the products at the annual Money2020 Europe show in Copenhagen....

PayPal adds new instant transfer option to checking accounts

PayPal is on the verge of making it possible for its U.S. customers to instantly transfer funds to their bank accounts via eligible debit cards linked to their PayPal account, according to an announcement from the company. The move is...

Study: Retailers set to lose $71B in CNP fraud in next 5 years

New Juniper Research data reveals retailers stand to lose $71 billion globally from fraudulent card-not-present transactions over the next five years, according to a press release. The research found that a number of factors, such as the U.S. shift to...

Study: Indian consumers increasingly rely on mobile banking

A recent study from financial services technology leader FIS shows a dramatic increase over the past year in the use of mobile devices and other digital banking channels by consumers in India, demonstrating the extent to which country’s demonetization efforts...

Mobile POS provider SumUp intros new tools for online payment acceptance

London-based mobile point-of-sale provider SumUp has announced a major extension of its product line with the launch of a number of new payment functionalities that enable businesses to accept payments online as part of something called the Omnichannel Payment Suite....

Amazon Pay revives the Buy button craze on Instagram

Amazon is attempting to keep the social media Buy button alive via a partnership with high-end clothing retailer Moda Operandi's Instagram posts, according to multiple media reports. Moda shoppers that view something they want to buy on the retailer's Instagram post can do so using their Amazon login credentials (Amazon Buy).

Tokenization provider Sequent closes funding round with $16M

Sequent, a Santa Clara, California-based tokenization services provider, has announced the first close of $16 million Series C round of financing, according to a press release. The round of funding was led by TIS, part of TIS INTEC Group based...

Danal secures strategic funding for mobile identity platform

Danal Inc. has closed a strategic investment round with Orange and Bangkok Bank to accelerate its mission of expanding global coverage of its mobile identity platform, according to a press release. "The investments expand the company's footprint in a number...

First Bitcoin Capital Corp. to install automated check-cashing and bitcoin ATMs in California

First Bitcoin Capital Corp., a developer of digital currencies and blockchain technology, has teamed with Simple Automated Money Inc., a provider of automated check cashing kiosks, to provide automated check-cashing kiosks at locations in northern California, according to a press...

PNC enables mobile payments for Visa commercial cardholders

PNC Bank has announced a new mobile payment option enabling Visa commercial cardholders to use a smartphone or mobile device to make corporate purchases via Apple Pay, Android Pay and Samsung Pay, according to a press release. PNC said it...

Australian payments provider brings Samsung Pay to 38 FIs

Australian-based payments provider Cuscal has struck a deal with Samsung to help link 38 financial institutions with Samsung Pay, according to multiple local media reports. Banks such as Credit Union Australia, Teachers Mutual Bank, People's Choice Credit Union and Bank...

Report: Worldwide spending on the IoT could to reach some $1.4T in 2021

Worldwide spending on the Internet of Things is expected to grow 16.7 percent year-over-year in 2017, reaching just over $800 billion, according to a new report from from IDC. By 2021, global IoT spending is expected to total nearly $1.4...

FICO intros Card Compromise Manager antifraud solution

Silicon Valley analytics firm FICO has launched FICO Card Compromise Manager, an antifraud solution that detects and prioritizes compromised merchants and data breaches involving card data. A companion to the FICO Falcon platform, Card Compromise Manager is capable of detecting...

Supreme Court decision curtails 'court shopping' by patent trolls

A recent decision by the U.S. Supreme Court could put an end to the practice of shopping for a friendly court by complainants in patent cases. Historically, patent holders have had the ability to select a court likely to favor...

London's SafeCharge enables businesses to tap into growing WeChat Pay user base

London-based SafeCharge, a payments technology company, has announced that it is partnering with Tencent Holdings, the leading provider of internet value added services in China, to add WeChat Pay to its global payments platform. With more than 600 million monthly...

Polish digital games marketplace launches direct carrier billing with Fortumo

Digital games marketplace Kinguin, mobile operator Orange and mobile payments company Fortumo have announced the launch of hosted direct carrier billing in Poland. Kinguin can now collect payments from customers using the most advanced features of carrier billing — including...

TerraPay partners with Yes Bank to enable instant cross-border money transfer service in India

TerraPay has partnered with Yes Bank, India's fourth largest private sector bank, to enable real-time international money transfers to bank accounts in India, according to a press release. TerraPay has partnered with Yes Bank in what's called a Rupee Drawing...

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