Juli Spottiswood to lead new holding company focused on payments industry

Syncapay, a new holding company focused on high-potential payments products, has launched with the backing of Bain Capital Ventures, Silversmith Capital Partners, MissionOG, Nyca Partners and Juli Spottiswood as chairman and CEO, according to a press release. The organization will...

Fleetcor invests in P97's mobile commerce tech for fuel payments

Fleetcor Technologies Inc., a global provider of commercial payment products, has made a strategic minority investment in P97 Networks Inc., a provider of cloud-based mobile commerce and behavioral marketing products, according to a press release. In addition to the investment,...

GlobalPlatform extends security APIs to support developers authenticating users in-app

GlobalPlatform, the standard for secure digital services and devices, has extended the functionality of its Trusted User Interface APIs for service providers and application developers, according to a press release. The move helps give service providers and application developers a...

UK organization assumes operation of payments systems

The U.K.'s New Payment System Operator has assumed the operational responsibility for the Bacs and Faster Payments systems, which process a combined £6.3 trillion (US$ 8.5 billion) worth of payments annually, according to a press release. The organization said the...

UnionPay continues to expand mobile app acceptance in southeast Asia

UnionPay International is expanding the acceptance scope of the UnionPay app to 25 countries and regions outside mainland China, according to a press release. With the app, users can pay with a UnionPay QR code or activate the contactless payment...

UK consumer groups want transparency with open banking plans

The U.K.'s leading consumer groups have joined forces to publish a Consumer Manifesto for open banking, making clear to policymakers and product providers the standards and priorities that are needed to make open banking work for consumers, according to a...

Western Union adds WeChat Pay to GlobalPay for Students product

Western Union has added WeChat Pay to its WU GlobalPay for Students product through its alliance with Geoswift, a payment company specializing in payment products in and out of China, according to a press release. Western Union said the enhanced...

Study: Mobile payment users unlikely to recommend the Pays

Consumers might be using mobile wallets from Apple, Google and Samsung more these days, but that doesn't necessarily mean they're recommending the products to friends and family, according to a study from Auriemma Consulting Group. Auriemma found that while Apple...

Gemalto helps provision Hong Kong's Octopus card into Samsung Pay

Gemalto has announced that its Trusted Service Hub is enabling the secure digitization of Hong Kong's Octopus contactless smart cards into Samsung Pay, according to a press release. Named Smart Octopus in Samsung Pay, this mobile payment service enables consumers...

Western Union expands digital presence in Latin America and the Carribbean

Western Union is extending its global digital footprint to Latin America and the Caribbean, activating the Western Union mobile app (for iOS and Android) in Panama and Westernunion.com/jm in Jamaica, enabling customers to send money to more than 200 countries...

Westpac enables voice banking on Amazon's Echo Spot

Westpac customers can now access the Westpac Banking Skill offered via Amazon Alexa on Echo Spot, Amazon's latest voice-enabled and touchscreen device, according to a press release. The Westpac Banking Skill on the Echo Spot gives customers the option to...

Zelle's use surges despite some fraud issues

The Zelle person-to-person network moved more than $25 billion in transfers in the first quarter that ended March 31, up 15 percent from the fourth quarter of 2017, according to a press release from Early Warning. That figure came on...

Barclays, PayPal form pact over digital payments

Barclays has announced a strategic partnership with PayPal that is designed to enable customers to manage and use their Barclays and PayPal accounts together with greater ease, for the first time, according to a press release. Barclays said the partnership...

Nets tests finger vein payments in Denmark

Nets, a digital payments specialist, has launched a test of finger vein payments at the Copenhagen Business School in Denmark. The system, developed in collaboration with CBS, Smart Payments and Fingopay, lets students and visitors at the school cafeteria buy...

Get listed in the 2018 Mobile Wallet Comparison Guide

Mobile Payments Today is preparing the 2018 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Please note the guide is meant for mobile wallets that consumers can use in multiple locations and not limited to a single retailer.

PayPal officially launches Samsung Pay partnership

PayPal this week officially launched its partnership with Samsung Pay, which will enable consumers to use PayPal within Samsung Pay and make purchases at the millions of retailers that accept Samsung Pay. PayPal announced the partnership in July. The partnership...

Santander debuts first blockchain-based international money transfer service

Banco Santander has launched a new international payments service using blockchain-based technology, according to a press release. The service is available to retail customers in Spain, the U.K., Brazil and Poland, and will be rolled out across more countries in...

Samsung Canada teams up with RBC to expand Samsung Pay availability to Canadians

Samsung Electronics Canada Inc. announced that Royal Bank of Canada personal payment cards are now supported by Samsung Pay, according to a press release. This latest announcement follows the expanded Canadian availability of Samsung Pay, with RBC joining existing Samsung...

EMV card issuance, transactions topple 50 percent worldwide

By the end of 2017, 54.6 percent of all cards issued globally were EMV-enabled, and the number of EMV payment cards in circulation worldwide stood at 7.1 billion — an increase of 1 billion year over year, according to data...

Alipay plans aggressive expansion of public transport payments in China

Alipay plans to expand acceptance of its mobile wallet within different public transportation systems across China, according to a press release. Alipay over the next year plans to expand public transport-related payments to more than 100 cities in China. The...

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