Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Sweden's iZettle raises $47M to expand mPOS business

Sweden-based mobile point-of-sale company iZettle has raised some $47 million in new funding as the firm ponders a future IPO. The round is led by early backer venture capital firm Dawn and The Fourth Swedish National Pension Fund and is...

Portland transit agency teams with Google for Android Pay virtual fare pass

TriMet, which provides bus, light rail and commuter rail transit services in the Portland, Oregon metro area, is working with Google for what the companies are calling an industry first: a virtual transit card available in Android Pay. TriMet's partnership...

7-Eleven tests mobile ordering for delivery or in-store pickup

7-Eleven is testing on-demand ordering for delivery or in-store pickup at select Dallas stores with its new 7-ElevenNOW smartphone app, according to a press release. Currently being tested in 10 downtown and uptown 7-Eleven stores in Dallas, 7-ElevenNOW is expected to roll out to other U.S. locations in 2018.

Chicago Transit Authority eliminates prepaid debit account from transit cards

The Chicago Transit Authority is eliminating the prepaid debit account function on its Ventra transit cards and will instead transition riders to a closed-loop card, according to a press release. The CTA said it will ditch the prepaid debit account,...

Chase Pay acceptance coming to Kroger in 2018

The Kroger Co. is teaming up with Chase Pay—the digital wallet from JPMorgan Chase & Co.— to offer mobile payments starting with select retail markets and e-commerce programs in 2018, according to a press release. Through the partnership, Chase's 65...

Amex latest card network to nix signatures for authentication

American Express is the latest card network to eliminate the requirement for merchants to collect signatures for all purchase transactions at the point of sale beginning in April 2018, according to a press release. Discover last week announced it will...

Garmin Pay welcomes Visa cardholders

Garmin International and Fit Pay announced that the Garmin Pay contactless payment feature is now available for eligible Visa credit, debit and prepaid accounts from many of the network's major participating issuing banks, according to a press release. The new...

Discover axes signatures for credit, debit purchases

Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S., Canada, Mexico and the Caribbean. The card network said in a press...

Sionic Mobile partners with AI firm to enhance commerce platform

Sionic Mobile, a cloud-based connected commerce provider, has partnered with NorthOut Inc., an artificial intelligence and emerging technology experiences firm, to enhance its ION Commerce Engine platform with advanced analytics and data-driven dashboards powered by IBM Watson Analytics. The latest...

Bluewater Grill to enable pay-at-the-table with TableSafe

TableSafe Inc., maker of a pay-at-the-table platform for full-service restaurants, announced Bluewater Grill Restaurants will adopt the Rail payment platform throughout its family of restaurants, according to a press release. Using Rail, guests at Bluewater Grill's seven restaurants in Southern...

Singapore to debut new standard for QR codes

The Monetary Authority of Singapore earlier this week announced that something called the common Singpare Quick Response Code will make its debut next year as payment service providers adopt this new standard, according to multiple local reports. The authority said...

Nets Group brings JCB's EMV contactless standard to Denmark

The Nets Group and JCB International Co. Ltd., the international operations subsidiary of JCB Co.

SumUp strikes mPOS deal with Chilean bank

Mobile point-of-sale provider SumUp and BancoEstado de Chile, the largest national bank of Chile, have launched a joint venture offering mobile card acceptance to small businesses, according to a press release. Through the newly formed joint venture, SumUp increases its...

Fraudsters set for busy Black Friday

With online purchases poised to exceed those in physical stores this holiday season, Black Friday 2017 could be the busiest day ever for cyberattacks on retailers, according to digital ID provider ThreatMetrix. This week, the company released its Q3 2017...

Reserve Bank of Australia concerned about rising merchant costs for contactless payments

The Reserve Bank of Australia is concerned about merchants' rising costs to accept contactless payments as more consumers in the country choose to pay with smartphones, according to local media reports. And the RBA is threatening more bank regulation if...

London fintech startup links with Barclays to test digital receipts

Flux, a London-based fintech startup, is partnering with Barclays to test the company's digital receipt technology with some 10,000 of the bank's customers, according to multiple reports. Flux has created a software program intended to link between transaction data, captured...

Garmin Pay now live on Garmin vívoactive 3 smartwatch

Garmin International and Fit Pay, a wholly owned subsidiary of NXT-ID, have announced that the Garmin Pay contactless payment feature is now live on Garmin's vívoactive 3 smartwatch and available to cardholders of issuing banks supporting the new service, according...

Australian FIs partner with eftpos network on Android Pay

Australia's domestic debit payments network, eftpos, has announced that some 2 million cardholders from ANZ and Cuscal can now use Android Pay to make payments with their compatible devices, according to a press release. ANZ and eight Cuscal-sponsored credit unions...

Visa launches program to help transit agencies with contactless payments

Visa has launched Visa Global Transit Solutions, a program designed to accelerate the use of open-fare contactless systems for mass transit commuter worldwide, according to a press release. "Visa played an important role in partnering with Transport for London," Michael...

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