ABA survey shows American prefer online banking

Some 40 percent of Americans manage their bank accounts online more frequently than any other method, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association. One in 4 consumers (26 percent) use their...

Report: Ant Financial pushes forward with MoneyGram approval

Ant Financial is not giving up its desire to purchase MoneyGram as the China-based financial services company reportedly plans to resubmit an application to acquire the money transfer firm, according to a report from Reuters. The Committee on Foreign Investment...

TerraPay partners with mobile money service to increase options in India

TerraPay, a global transaction processing, clearing and settlement service for mobile wallets, announced that it has partnered with bux, a mobile app money transfer service, to launch instant cross border money transfers from Australia, Hong Kong, the U.K. and Europe...

JPMorgan Chase hires Amazon customer experience leader

Marbue Brown, formerly Amazon.com's quality control and customer experience leader, is moving on to direct customer experience at JPMorgan Chase & Company. He will oversee digital sites, apps and call centers at Chase branch locations, according to a Reuters report....

Chinese HSBC mobile banking users can verify ID with a selfie

HSBC customers in China can now make payments with a selfie thanks to the introduction of facial recognition technology within the bank's mobile app. The feature enables users to add new payees to their account and transfer funds via the...

Google makes bigger play in India with Tez mobile wallet

Google today officially launched in India an iOS and Android app called Tez, which is a mobile wallet consumers can use by linking their bank accounts to pay for goods and services in brick-and-mortar stores and online as well as...

Société Générale brings mobile money service to Africa

Société Générale S.A., a Paris-based multinational banking and financial services company, is introducing a mobile money service in Africa with the goal of having 1 million accounts in the next three years, according to a press release. The service, called...

Telcoms test Softbank's blockchain tech for payments

Japan-based SoftBank Corp., U.S.-based Sprint Corp., Taiwan-based Far EasTone Telecommunications Co. Ltd.

Revel Systems launches enhanced payments platform

Revel Systems last week announced Revel Advantage, which is intended to be a simplified payments products for business that processes credit cards and multiple payment forms as an integrated component of the Revel POS system, according to a press release....

Bitcoin's value nosedives as Chinese regulators apply pressure

BTCChina, a major Chinese bitcoin exchange has announced that it will stop all new user registration and trading on Sept. 30 due to increasing regulatory pressure from the Chinese government. The result of this announcement, in conjunction with the Chinese...

NRF demands better response to data breaches with federal law

Citing the recent breach at Equifax, the National Retail Federation and other industry associations have sent a letter to Congress insisting that any legislation concerned with data breach notification should apply to all industries that handle consumer data. "To protect...

Allied Exchange launches cross-network mobile money system in Africa

Allied Exchange Africa Ltd., a digital payment service provider in Ghana, has launched a platform called Alexpay that is intended to bridge the gap between interoperability issues with mobile money services in the country, according to local reports. "The increased...

Adyen, JCB extend processing deal

JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd., and Adyen, a payments processor, have announced the signing of an extension to their original license agreement. The extension will lead to global JCB merchant acquiring for e-commerce, and for POS in Singapore and Hong Kong, according to a press release.

Venmo tackles e-commerce payments with Williams-Sonoma pact

Venmo wants to get itself involved in e-commerce and has struck a deal with Williams-Sonoma to let users of the mobile P2P app buy or split gifts across all Williams-Sonoma properties, according to a report from recode. "That is very...

Apple readies NFC tag reading in iOS update

Apple has announced that iOS 11 will bring the ability for iPhones to read NFC tags for the first time.  The new update, which drops September 19, will be available to owners of the iPhone 7 and 7 Plus in addition to the new iPhone 8 and 8 Plus, according to Apple at its Sept.

Alipay saunters down the runway with Rebecca Minkoff partnership

Fashion retailer Rebecca Minkoff is partnering with Alipay to enable Chinese tourists to make mobile payments with Alipay Wallet at all Rebecca Minkoff locations and online. Rebecca Minkoff made the announcement September 9 as part of the New York Fashion...

Australian companies to provide 2-way bitcoin transactions at traditional ATMs

DigitalX Ltd., and Stargroup Ltd. have inked joint venture agreement to provide a two-way ATM solution for buying and selling bitcoin. DigitalX is a Perth, Australia-based blockchain technology and advisory company providing services to facilitate the launch of new financial...

WorldRemit launches digital remittance services in Nevada

Digital money transfer service WorldRemit has launched in Nevada, making it the 48th state in the U.S. in which the company operates, according to a press release. Customers in Nevada can now send funds to family and friends in over...

Glance Technologies signs first US restaurant for mobile payments system

Glance Technologies Inc., a Vancouver-based company that specializes in mobile payments for the restaurant industry, has signed its first U.S.-based customer in Ta’cul Mexican Cocina, located in California, according to a press release. Glance also announced it has set up...

Zelle preps standalone mobile P2P app

Zelle, the person-to-person payments system supported by multiple U.S. banks, will finally debut its standalone mobile app Tuesday as the service attempts to make a dent in Venmo's supremacy in that market. Zelle has been available within the mobile banking...

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3 trends for 2018: Safer data, faster payments, better experiences