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Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022.

https://www.finextra.com/pressarticle/93665/paysend-introduces-50-new-receiving-countries-to-its-global-payments-network

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The CCI’s probe of Google’s User Choice Billing system follows complaints by some companies that the fee violates an earlier antitrust directive, according to the report.

https://www.pymnts.com/antitrust/2023/report-indian-regulator-investigating-googles-fees-for-in-app-payments/

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In this regard, the platform developed by Judopay seamlessly integrates and enhances our Payment Orchestra solution and is in line with our strategic vision of Open Payments.” This strategic acquisition is a major step forward for Fabrick as it seeks to become a leader in Open Finance and embed itself further into the European market whilst simultaneously improving the way businesses accept payments and enabling consumers to enjoy a smoother checkout experience as well as access to alternative payment methods.

https://ffnews.com/newsarticle/open-finance-pioneer-fabrick-s-p-a-acquires-mobile-commerce-leader-judopay/

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It also offers Zomato Pay, an option to enable users to make payments through the Zomato app in select restaurants. Last month, the firm discontinued its partnership with RBL Bank for co-branded Edition credit cards.

https://yourstory.com/2023/05/zomato-upi-npci-payments-p2p-merchant-icici-bank

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The post CBDC Skepticism in Europe Paves Path for Tokenized Deposits first appeared on PYMNTS.com.

https://www.pymnts.com/cbdc/2023/cbdc-skepticism-europe-paves-path-tokenized-deposits/

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"With our app people can download the previous day's earnings to buy gas to get to work and take more shifts, so they were working maybe two or three more hours per week," he said.

https://www.americanbanker.com/payments/news/inflation-exposes-weak-spots-and-opportunities-for-payments

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Standard Chartered and Tazapay’s purpose-built proposition allows global marketplaces and e-commerce merchants to accept payments from buyers locally in more than 70 markets based on their preferred payment method via a single application programming interface[3] (API), offering a cost-effective and frictionless checkout (Tazapay Checkout) experience when settling commercial cross-border transactions.

https://ffnews.com/newsarticle/standard-chartered-expands-partnership-with-tazapay-to-power-seamless-payments-for-cross-border-ecommerce/

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The solution will enable Independent Sales Organisations (ISOs) and Independent Software Vendors (ISVs) in the US and Canada to turn mobile devices into contactless payment terminals.

https://ffnews.com/newsarticle/paytech/phos-launches-tap-to-pay-solution-in-the-us-with-elavon/

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However, as a citizen of the world whereby you’re (transit agency) worried about these increasing costs not (being) sustainable, and you are public sector so you can’t pass the costs on,” Ng said, noting that TfL does not receive operating subsidies from the government outside of Covid relief funds. Ng called on payments schemes to create a special category for transit agencies in terms of interchange and scheme fees.

https://www.mobility-payments.com/2023/05/12/open-loop-leaning-panel-sees-role-for-closed-loop-payments-in-transit/

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The successful launch of the payment linkage is a result of close industry collaboration championed by BI and BNM, working closely with the Indonesian Payment System Association (including its member payment system operators in Indonesia), PayNet, and participating financial institutions. In the statement, the central banks also welcome participation from more financial institutions to further expand the cross-border payments ecosystem.

https://www.theedgemarkets.com/node/665933

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This direct-from-account payment option gives Canadian consumers the choice of using a payment method other than a credit card and enables online merchants to expand their customer base, reduce payment processing fees and receive real-time payments, Clik2pay said in a Tuesday (Jan. 17) press release emailed to PYMNTS.

https://www.pymnts.com/news/retail/2023/clik2pay-enables-shopify-online-merchants-accept-debit-payments/

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BR-DGE is forecasting significant growth in 2023 with over £1.5bn of transactions projected to be processed over the year.

https://www.finextra.com/pressarticle/96758/br-dge-connects-with-american-express-for-open-banking-payments

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The new multi-model technology will enable commuters to simply tap their contactless credit and debit cards on a ticketing device inside the bus or at a ferry terminal to pay for their journey, or pre-purchase tickets online via the Raajje Transport Link (RTL) mobile app. Alternatively, commuters who do not have a credit or debit card can apply for a RTL-Mastercard co-branded prepaid card.

https://www.finextra.com/pressarticle/96795/maldives-transport-network-goes-digital-with-mastercard

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Remote Identity Verification Provider (PVID) certification last month. It is a continuation of Checkout.com’s multi-product journey as it builds its Payments Plus offering, following Authentication enhancements announced last year, customisable virtual and physical cards with Issuing, Fraud Detection Pro to help merchants combat fraud and optimise their revenues and Integrated Platforms, a fully flexible solution to support marketplaces and sellers in an evolving digital economy.

https://ffnews.com/newsarticle/checkout-com-becomes-first-3ds-3-2-1-certified-global-payments-provider/

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Amazon vs. Shopify The digital marketplaces are fighting over Amazon’s Buy with Prime feature, which launched last April. The offering would encourage Amazon’s 173.5 million US Prime users (per our forecast) to click Amazon’s logo and buy seamlessly from brand websites.

https://www.insiderintelligence.com/content/amazon-walmart-shopify-compete-battle-of-marketplaces

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Small-ticket transactions make up a significant volume of the overall UPI payments, and UPI Lite will make them quicker and convenient, without putting a strain on the existing UPI infrastructure,” said Rahul Chari, cofounder and CTO at PhonePe. “UPI Lite also paves the way to introduce use cases that need payment execution without network connectivity, making it one of the most exciting launches from the NPCI (National Payments Corporation of India) in recent times,” he added.

https://inc42.com/buzz/phonepe-follows-paytm-launches-upi-lite-for-low-value-payments/

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“And at AWS, we are helping companies like Stripe ensure that they have the right data to make sure they’re creating a good customer experience, so that their customers, the merchants, are creating a good experience, and the end customers come back to them.” Ackerman added that consumers care about a frictionless checkout experience, and once they’ve decided to make a purchase, a poor checkout experience may lead to a lost sale. “You shouldn’t be losing consumers at that very last step,” he said.

https://www.pymnts.com/mobile-wallets/2023/aws-and-stripe-merchants-can-do-more-to-encourage-stored-payment-credentials-online/

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With this collaboration announced Wednesday (May 17), existing and new users of the Airwallex payments and financial platform can receive a 10% discount off hotel stays that they book on the Expedia travel technology platform. The post MODIFI and Airwallex Create Cross-Border Payment Tool for Chinese Exporters first appeared on PYMNTS.com.

https://www.pymnts.com/news/b2b-payments/2023/modifi-and-airwallex-create-cross-border-payment-tool-for-chinese-exporters/

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“Shopify is committed to providing merchants with the tools they need to succeed in the competitive commerce landscape,” said Sid Murlidhar, Director of Product Partnerships at Shopify.

https://www.financialexpress.com/business/brandwagon-zendesk-launches-conversational-commerce-expands-partnerships-with-meta-shopify-3083680/

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Fifth Third Bancorp said it has closed on its acquisition of Big Data LLC, a technology platform for health-care payments.

https://www.digitaltransactions.net/fifth-third-closes-on-big-data-deal-and-other-digital-transactions-news-briefs-from-5-15-23/

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Tyro CEO Jon Davey said: “Tap to Pay on iPhone is a fantastic simple and secure way for new or existing Tyro customers to accept payments using only their iPhone, anytime, anywhere - without the need for additional hardware.

https://www.finextra.com/pressarticle/96879/tyro-offers-tap-to-pay-on-iphone

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For now, authorities are setting up a workstream to establish the identification and authentication requirements for the digital currency.

https://thepaypers.com/cryptocurrencies/ecb-calls-on-digital-id-experts-to-develop-digital-euro-rules--1262581

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The all-in-one payment solution also supports credit card and ACH payments in person, online, on mobile devices, or via card-on-file, making it easy for patients to make payments.

https://www.prnewswire.com/news-releases/raintree-introduces-new-service-to-simplify-billing-and-payment-experience-for-therapy--rehab-practices-301812818.html

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The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant operating system.

https://www.prnewswire.com:443/news-releases/pnc-announces-acquisition-of-point-of-sale-and-payments-solutions-firm-linga-301632990.html

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About the Tracker The “B2B and Digital Payments Tracker®,” a collaboration with American Express, examines how the beauty and wellness service industry is rebounding from the pandemic with the help of digital innovation, from booking and payments innovations to “treat now, pay later” programs.

https://www.pymnts.com/digital-payments/2023/digital-payments-makeover-continues-for-beauty-services-industry/

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Stripe, a longtime partner of Lyft, signs a big deal with Uber by Ingrid Lunden originally published on TechCrunch

https://techcrunch.com/2023/05/03/stripe-uber/

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The announcement adds another leading name to GoCardless’ roster of more than 350 partners.

https://ffnews.com/newsarticle/gocardless-partners-with-bluefort-to-enable-bank-payments-for-microsoft-dynamics-365/

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As per the updated instructions, all cross-border wire transfers must be accompanied by accurate, complete, and meaningful information about the originator and beneficiary.

https://bfsi.economictimes.indiatimes.com/news/policy/rbi-tightens-disclosure-norms-for-domestic-and-international-wire-transfers/100019795

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The new agreements secured with Visa and Mastercard will make credit card transactions fairer for small businesses, which have less bargaining power than larger merchants to negotiate lower rates. With lower interchange fees, small businesses will save money that they can use to grow their businesses and create more good jobs.” - The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance “More than 90 per cent of businesses that accept credit cards will soon see significant reductions in their fees.

https://www.canada.ca/en/department-finance/news/2023/05/government-announces-lower-credit-card-transaction-fees-for-small-businesses.html

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Furthermore, the proportion of Alipay users who completed transactions in March 2023 increased to 45% of the 2019, pre-pandemic average. Alipay is both an e-wallet partner as well as a sister entity of Alipay+, Ant Group’s global cross-border digital payment solution that connects merchants with multiple e-wallets and payment methods.

https://fintechnews.sg/72076/e-wallets/alipay-transactions-nearly-double-in-singapore-buoyed-by-surging-chinese-tourists/

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As part of this deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies, serving the resort, entertainment, and lodging ecosystem.

https://www.businesswire.com/news/home/20221020005290/en/Sightline-Secures-Strategic-Investment-from-J.P.-Morgan

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The Markets in Cryptoassets (MiCA) regulation, expected to come into force next year, places a number of rules on firms dealing in digital currencies, including that any organization planning to issue, trade or store crypto assets (ie, digital wallets) be licensed to do such business in the 27-nation bloc. Along with tackling licensing issues, the EU Council also adopted rules to prevent the use of cryptocurrencies to launder money by extending regulations requiring certain information accompanying the transfer of funds to include crypto assets.

https://www.theregister.com/2023/05/17/eu_passes_cryptocurrency_regs/

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Officials from Kasada said that many retailers and ecommerce organisations often face the challenge of balancing fraud prevention with a seamless customer experience.

https://thepaypers.com/digital-identity-security-online-fraud/kasada-teams-up-with-signifyd-to-seamlessly-eliminate-ecommerce-fraud--1262588

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Our Braintree and PayPal Complete payments platforms are also expanding overseas, where we can drive higher margins,” he said. BNPL’s Appeal With a nod to buy now, pay later’s appeal, he said that more than 32 million consumers have used the option since inception — and the option is available at roughly 3 million merchants.

https://www.pymnts.com/earnings/2023/paypal-buy-now-pay-later-grabs-6b-of-payment-volumes-up-70/

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While many banks opt to set lower limits, Banking Circle clients will benefit from the maximum limit of £1,000,000. Laust Bertelsen concluded: “Led by our tech-first approach, Banking Circle is driving the evolution of global payments infrastructure which goes to the heart of financial inclusion.

https://www.finextra.com/pressarticle/96769/banking-circle-joins-uk-faster-payments-scheme

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Ricardo Correia, Global Head of Digital Currencies, R3, commented: “By leveraging reliable financial networks and introducing decentralized application platforms to issue CBDCs, we can expect a complete transformation of the current global financial system, ushering in a new era of enhanced financial fluidity. Collaborating with innovative companies like Temenos underscores the importance of integrating existing banking systems with cutting-edge technologies, allowing organizations and individuals to conduct cross-border transactions at the same pace as sending an email, and instantly settle payments across the entire global payment infrastructure.”

https://ffnews.com/newsarticle/temenos-leads-the-way-in-cbdc-innovation-with-r3/

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Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy. Torana's payment solution is a software as a service (SaaS) model built in the cloud and will enable Huntington and its clients to distribute digital payments to a variety of end users.

https://www.prnewswire.com:443/news-releases/huntington-national-bank-expands-digital-payments-through-acquisition-of-fintech-torana-301546070.html

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Worldline [Euronext: WLN], a global leader in payments services, has announced a new service to help satisfy rapidly increasing customer demand in the travel sector for ‘Buy Now Pay Later’ (BNPL) payments. The company has partnered with leading travel payment provider Fly Now Pay Later and the joint offering is available through Worldline’s existing TravelHub payment solution.

https://worldline.com/en/home/top-navigation/media-relations/press-release/pr-2022_12_19_01.html

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The financial-technology startup is now a payments processor in addition to being a payments facilitator, Insider has learned. By becoming a payments processor, Finix is reducing the number of third-parties in a given transaction as it looks to compete against legacy processors such as Fiserv and FIS.

https://www.businessinsider.com/fintech-finix-payments-processor-facilitator-richie-serna-2023-5

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Today, a startup called Kevin that’s taking one piece of that puzzle — payments made from account to account, an alternative to payment card payments that bypasses those rails — and making it easier and more ubiquitous to use through the development of a whole new set of payments infrastructure that integrates directly with banks, is announcing a significant Series A of $65 million to double down on its business after some strong initial traction.

https://techcrunch.com/2022/05/03/kevin-raises-65m-as-it-charges-ahead-on-account-to-account-payments-over-point-of-sale-terminals/

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ETtech As of March 2023, data from the Reserve Bank of India shows that there are 85 million credit cards in the market. The growth in new credit cards will come from tier-2 locations, new fintech and consumer tech partnerships for co-branded cards and overall opening up of supply.

https://economictimes.indiatimes.com/tech/technology/upi-merchant-payments-to-reach-1-trillion-by-fy26-report/articleshow/99968654.cms

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The January PYMNTS collaboration with LendingClub, “New Reality Check: The Paycheck-to-Paycheck Report," found that 58% of consumers said they are unlikely to purchase travel during this year, including 9% who had paid money to travel in 2022. “This dimming outlook on travel is coming as a blow to the airline industry, which has so far maintained optimism toward 2023 despite this past season’s air travel chaos,” PYMNTS wrote.

https://www.pymnts.com/travel-payments/2023/airbnb-promotes-rooms-rentals-for-cost-conscious-vacationers/

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The report about a possible sale of Xoom comes as PayPal is increasingly under pressure to jump-start growth at its flagship checkout business. In its first-quarter earnings report this month, PayPal emphasized the growth of its unbranded business, including its Braintree card-processing services, but had less say about the growth of the branded business.

https://www.paymentsdive.com/news/paypal-considers-xoom-sale-crossborder-payments/650526/

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Pye, a leading kiosk manufacturer, has teamed with Chase, a world financial leader, to securely process payments through its self-service point-of-sale solutions across Canada.

https://www.prnewswire.com:443/news-releases/jp-morgan-chase-teams-up-with-pye-to-offer-self-ordering-kiosks-in-midst-of-labor-shortages-301642955.html

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While Amazon didn’t commit in the letter to using FedNow, it “strongly encouraged” the Federal Reserve to develop the payments infrastructure.

https://www.pymnts.com/news/retail/2023/walmart-hints-at-early-fednow-adoption-while-amazon-is-mum-so-far/

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Deutsche bank is working with Viennese fintech Credi2 to develope a white label buy now, pay later product for uptake by online retailers and e-commerce marketplaces.

https://www.finextra.com/newsarticle/40630/deutsche-bank-to-develop-white-label-bnpl-product-for-merchants

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So to access the CBDC, all other banks must work via these institutions. The wallet will also support supply chain finance applications and payments to utility companies.

https://www.ledgerinsights.com/bnp-paribas-china-digital-yuan-cbdc-wallet/

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The original asset is ‘wrapped’ into a digital vault, and a newly minted token is created to transact on other platforms.

https://thepaypers.com/cryptocurrencies/reltime-launches-wrapped-fiat-and-cdbc-services--1262636

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When fintechs do try to buy banks, they usually look for small, healthy community banks. "Brex is offering banking services to customers as a nonbank, and they found some relatively creative structures to do that," Crane said.

https://www.americanbanker.com/news/brex-tried-to-buy-a-piece-of-silicon-valley-bank-in-march

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This process secures the card details with a unique code and further, the transactions will be done through a two-factor authentication process.

https://inc42.com/buzz/visa-launches-cvv-free-payment-feature-for-tokenised-transactions/

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Standard Chartered will take advantage of the global reach of Worldpay from FIS and its ability to provide speed and convenience for merchants to accept the preferred payment methods from their customers.

https://financialit.net/news/banking/standard-chartered-partners-worldpay-fis-accelerate-global-expansion-straight2bank-pay

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Cash isn’t going anywhere. However, there may come a time when bank notes are not widely used in day-to-day transactions, which could risk excluding many Canadians from taking part in the economy.

https://www.finextra.com/pressarticle/96743/bank-of-canada-launches-public-consultations-on-a-digital-dollar

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OnBuy is committed to transforming the OnBuy shopping and selling experience, and that’s why they’ve chosen to offer even more payment methods at the checkout. Their customers have asked for the flexibility to make purchases in a way that suits them, and they’re happy to be able to respond by launching Clearpay across their site.

https://thepaypers.com/online-payments/onbuy-integrates-clearpay-at-checkout--1262615

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Per the press release, Guavapay is well-positioned to serve the growing market for acquiring- and card-issuing services and provide more extensive solutions to an expanded range of customers, and Discover Global Network is thought to be a ‘strong partner’ worldwide.

https://thepaypers.com/payments-general/guavapay-partners-with-discover-global-network--1262603

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While Mastercard is accepted worldwide for transacting, customers need to fund transactions and reimbursements through their local bank in each country to avoid unnecessary internal adjustments and cross-border transactions that come with funding everything from US accounts. Brex allows customers to fund easily from their local banks, while keeping track of spend and reporting transactions in local currency - making it easy to monitor spend and reconcile transactions.

https://www.prnewswire.com/news-releases/brex-expands-empower-with-new-markets-and-global-capabilities-301815289.html

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And last year, the company announced plans to purchase payment technology and acquiring solutions firm EVO Payments for $4 billion.

https://www.pymnts.com/personnel/2023/jeff-sloan-to-step-down-as-global-payments-ceo/

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It does so through co-branded partnerships, a robust loan origination platform, and an ever-growing marketplace with over 100 SMB funding programs. Loanspark creates a commercial financing ecosystem that's mutually beneficial to lenders and borrowers.

https://www.prnewswire.com/news-releases/loanspark-continues-its-work-with-mastercard-middesk-and-lexusnexis-to-facilitate-a-smoother-lending-process-301828180.html

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In an interview published Thursday, Walls said he sees the digital currencies as a “platform for innovation.” Fueling the pace of innovation, and crucial to its adoption, Wallis said, will be a seamless user experience coupled with the real-world practice of actually employing CBDCs to pay for things like retail goods, bills and utilities.

https://www.pymnts.com/cbdc/2023/ripple-debuts-platform-to-mint-cbdcs-and-stablecoins/

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As more games go global, developers will need payment orchestration products like Payrails to accept the preferred local payment method across these regions, especially in emerging markets where growth in gaming is strongest. Carry1st is an example of a company bringing global games to the African market, aggregating local payment methods across the entire continent.

https://a16z.com/2023/05/01/building-better-payments-platforms-for-high-risk-industries/

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With these updates, they make it even easier for businesses to offer their customers simple and secure payments directly from their bank account, while saving up to 50% on the cost of credit cards.

https://thepaypers.com/online-payments/clik2pay-streamlines-payment-collections-and-tracking-with-new-updates--1262564

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“This card is designed with world travelers in mind who want to control their out-of-country expenditures and foreign exchange exposure.” Providing a solution for partners who want to offer their customers integrated travel-related benefits, the OmniPay Travel Card can also provide cardholders with airport lounge access, Wi-Fi, multicurrency settlement and other benefits, according to the press release. Discover Global Network is accepted at 70 million acceptance points and millions of micro-merchants in 200 countries and territories, the release said.

https://www.pymnts.com/travel-payments/2023/mnipay-and-discover-global-network-partner-to-launch-travel-card/

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As part of the agreement, both Samsung and BOK will continue to conduct research on the CBDC and will specifically focus on its offline use.

https://www.coinspeaker.com/samsung-bank-of-korea-cbdc/

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What customers are saying Steve Wager, Executive Manager, Global Head of Markets Management, BNY Mellon, said: “Industry-wide UTI adoption combined with the Securities View alert notifications could become key to timely settlement especially with the growing trend to shorten the settlement cycles across the globe.” Ryan Fitzgerald, Head of Citco Fund Services Middle Office Solutions, Citco Fund Services (USA) Inc. The Citco group of companies, said: “Swift Securities View represents a major step forward for the global securities ecosystem, providing far more transparency around the status of trades throughout their lifecycle. This should assist in the finalizing of trades in a more timely manner, benefiting all parties, and it is an initiative the Citco group of companies is delighted to be a part of.” Tenette Abanilla, Director and COO, Dinosaur Merchant Bank, said: "Swift Securities View will greatly improve the securities settlement process by immediately identifying issues that can delay settlement.

https://www.swift.com/news-events/news/swift-securities-view-gains-rapid-momentum-drive-reduce-settlement-fails

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The strategic acquisition of Renovite will help J.P. Morgan Payments build its next-generation merchant acquiring platform, bolster the firm’s payments modernization strategy and support its journey to the cloud.

https://www.jpmorgan.com/news/jp-morgan-to-acquire-renovite-technologies

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Accommodating popular payment methods Paying by bank is growing in popularity.

https://thepaypers.com/online-payments/stripe-enables-bank-payments-for-airbnbs-guests--1262686

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Key fields such as tax codes and amortization schedules are synced into Zip for use during bill coding.

http://www.businesswire.com/news/home/20230515005551/en/Zip-Introduces-Intake-to-Pay-the-World%E2%80%99s-First-Unified-Platform-for-Procurement/

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A second mode is “intermittently offline”, where settlement occurs offline but wallets need to synchronise periodically with the ledger.

https://www.centralbanking.com/fintech/cbdc/7958741/bis-offers-guidance-on-offline-cbdc-design

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“The Real-Time Payments World Map,” a collaboration with The Clearing House, examines the state of these real-time payments across countries around the globe, and examines how they compare to their counterparts as well as total payments volume in recent years. See More In: Digital Payments, economic growth, Featured News, International Payments, Italy, Japan, Kenya, malaysia, mexico, News, real time payments, Real-Time Payments World Map, The Clearing House, Tracker Series, World Map

https://www.pymnts.com/real-time-payments/2023/mexico-and-malaysia-poised-for-massive-real-time-payments-growth-by-2026/

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With our combined expertise, we can create a seamless checkout experience that is not only easy for customers to implement, but also helps businesses grow and succeed in the competitive e-commerce landscape.

https://www.prnewswire.com/news-releases/commercetools-unveils-checkout-solution-turning-expanded-touchpoints-into-sales-301818974.html

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The company’s consumer business has processed hundreds of billions of dollars of cardholder purchases and established a retail partner network with more than 130,000 locations. As PYMNTS noted last year, prepaid cards have proven popular around the world as a way to expand payment options for the financially excluded.

https://www.pymnts.com/acquisitions/2023/netspend-sold-back-to-founders-at-rev-for-1-billion/

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Pine Labs is happy to partner with ICICI Bank in launching CBDC as a payment option under this pilot run by the RBI, said B Amrish Rau, CEO, Pine Labs. Pine Labs’ execution of the Digital Rupee payment process is completely digital via dynamic QR built within its smart Android PoS terminals.

https://bfsi.economictimes.indiatimes.com/news/fintech/pine-labs-to-accept-digital-rupee-on-its-pos-terminals-partners-with-icici-bank/99934302

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Read also PayPal officially launches Apple Pay support for small businesses Kroger now rolling out Apple Pay support to stores across the United States Apple Pay Later ‘early access’ rollout moving slowly Apple expands Tap to Pay and Track Detection features to more countries FTC: We use income earning auto affiliate links.

https://9to5mac.com/2023/05/02/apple-pay-guatemala-el-salvador/

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Apple Inc.'s tap-to-pay technology faces a fresh round of European Union antitrust scrutiny, after the bloc's competition investigators dispatched a series ...

https://www.bloomberg.com/news/articles/2023-05-10/apple-tap-to-pay-tech-gets-extra-round-of-eu-antitrust-scrutiny

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"We are continuing to expand our ecommerce ecosystem for the future through integrations such as this one that gives power back to merchants and developers.

https://www.prnewswire.com/news-releases/rally-announces-new-integration-with-commercetools-the-leading-digital-commerce-software-provider-301813260.html

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Agbamu added, “We’re excited to introduce our Cross-Border Open Banking service and play a significant role in promoting financial inclusion and accessibility on a global scale. Our solution is crafted to be user-friendly and efficient, promising our customers a seamless and secure experience for global fund transfers.

https://ffnews.com/newsarticle/paytech/ahrvo-labs-launches-cross-border-open-banking-for-seamless-compliant-and-user-friendly-cross-border-payments/

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Once at the kiosk, consumers scan a barcode and then scan both of their palms.

https://thepaypers.com/payments-general/starbucks-to-trial-palm-payments--1262488

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Consumers used credit cards and loans to pay nearly $23 billion worth of healthcare costs ranging from emergency room visits and medications to dental and vision care. The CFPB said Wells Fargo, Synchrony Financial subsidiary CareCredit and Bread Financial subsidiary Comenity are the top companies offering medical credit cards.

https://www.paymentsdive.com/news/synchrony-wells-fargo-bread-medical-credit-cards-installment-payments/649623/

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Data also remains at the heart of some of the most critical processes of financing, including trade finance, Daniel told PYMNTS in an interview posted in July 2021. Having the ability to access and ingest vital information about a B2B trade deal, and the businesses involved in it, is paramount to underwriting trade finance and mitigating financial crime, Daniel said at the time.

https://www.pymnts.com/supply-chain/2023/osa-commerce-and-windward-partner-to-boost-supply-chain-visibility/

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Jessica Chiu, Head of North American Strategic Partnerships at Airwallex said global business and personal travel was regaining momentum and the new partnership with the world’s leading traveler technology platform, Expedia Group, meant existing and new Airwallex customers could enjoy an exclusive 10 per cent discount off hotel stays when booking on the platform, starting from today.

https://ffnews.com/newsarticle/airwallex-and-expedia-team-up-to-help-global-business-travelers-travel-easier/

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“When we founded Buck Mason, we obsessed over both our retail and ecommerce checkout experiences," said Sasha Koehn, cofounder of Buck Mason. “Stripe Reader S700 works with our proprietary POS platform, Pima, giving us a unified view of our business and making our in-person shopping experience as delightful as our online store.

https://stripe.com/newsroom/news/stripe-reader-s700

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This collaboration will help reduce friction with in-car payments, enable EV charging payments across public networks, and further accelerate mobile payment innovation and acceptance.

https://www.prnewswire.com/news-releases/p97-networks-announces-collaboration-with-visa-to-further-innovate-mobile-payment-capabilities-for-c-store-industry-301734908.html

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Founded in 2018, Banked is building a new global payment network that is reimagining mainstream payment methods and the current infrastructure facilitating digital payments around the world. Unlike other popular payment methods, consumers do not need to create an account or pass any login information to Banked – they simply choose their existing bank at checkout and are connected to their mobile banking app to biometrically authenticate the purchase.

https://ffnews.com/newsarticle/banked-announces-lisa-scott-as-new-ceo-of-europe/

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Founded in 1984, Interac has established itself in the Canadian space by providing payment solutions.

https://thepaypers.com/digital-identity-security-online-fraud/interac-launches-digital-data-verification-service-branch--1262602

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The result, says Mastercard, is a simpler, faster, and safer way to open a new account for the 93% of consumers likely to use digital payments this year.

https://www.finextra.com/newsarticle/42288/mastercard-taps-open-banking-for-digital-account-opening

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Rokt Payments Marketplace is integrated to the payment page and presents shoppers “with relevant credit card and payment-related offers in a customizable and native placement,” the company said in a statement, adding that the marketplace is an extension of its e-commerce platform and “creates an opportunity for payment providers at a critical moment in the checkout process, when consumers are highly engaged and about to purchase.” Bill Barton, chief product and engineering officer at Rokt, said the company’s Payments Marketplace “turns what has long been a major cost center for e-commerce businesses — the payments page — into a profit center.

https://wwd.com/business-news/business-features/rokt-rolls-out-payments-marketplace-1235650504/

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Drivers can now pay when refueling, make purchases at Pronto and Punto stores, and transfer money to other users.

https://www.petrolplaza.com/news/32733

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That more concentrated focus helped drive gross dollar volume up 20% in hospitality in the March quarter, compared to the same period last year. That’s better than the 10% overall growth for the company as a whole and well ahead of Lightspeed Retail’s 3% increase.

https://www.digitaltransactions.net/lightspeed-touts-results-as-it-tightens-its-focus-on-restaurants/

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When we launched Stripe Terminal, our in-person checkout solution, our goal was to help our users deliver seamless commerce experiences across online and offline channels.

https://stripe.com/blog/new-and-improved-stripe-terminal

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That branded PayPal business didn’t fare as well as the non-branded Braintree unit in the most recent earnings report. Despite the company’s pivot after Elliott’s arrival, the board is still mainly made up of directors appointed under Schulman’s watch.

https://www.paymentsdive.com/news/paypal-ceo-schulman-search-digital-payments/650344/

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As the first platform to offer Real Time VAU coverage in Europe with Visa, Adyen will help its customers increase revenue and authorization rates from card-on-file payments by automatically updating Visa accounts in real time.

https://www.adyen.com/press-and-media/2022/adyen-first-to-launch-real-time-account-updater-with-visa-in-europe

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“We’re thrilled to partner with Stripe to help unlock new revenue streams for companies on Teams Payments,” said Brenna Robinson, general manager, SMB, at Microsoft.

https://stripe.com/newsroom/news/microsoft-teams-and-stripe

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The feature will allow Zimpler’s customers to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or complex administrative work.

https://www.finextra.com/pressarticle/96819/zimpler-institutes-instant-cross-border-payouts

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By enabling Tap to Pay on iPhone, businesses can increase flexibility and expand customer engagement with the efficiency of using a device they already own.” The integration lets merchants accept contactless payments via their iPhone and use Clover’s mobile features like the ability to connect multiple POS devices and accept in-store payments.

https://www.pymnts.com/news/payment-methods/2023/fiserv-offers-software-firms-text-based-payment-option/

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With the integration, merchants can accept contactless payments via their iPhone and use Clover mobile features such as the ability to link multiple POS devices and securely accept in-store payments.

https://www.pymnts.com/smbs/2023/fiserv-lets-small-businesses-offer-apple-tap-to-pay/

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” Later on in the call, Levchin said that 88% of Affirm’s transactions come from repeat consumers. Levchin also noted on the call that the company is partnering with FICO “to build a first of its kind credit scoring model that would enable buy now, pay later loans to be consistently transparently factored into credit and lending decisions.”

https://www.pymnts.com/earnings/2023/affirm-sees-tepid-demand-for-discretionary-goods/

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With 25 years of online payment experience, an annualized transactional volume of over $130 billion in 2022, and approximately 3,300 employees located in 12+ countries, Paysafe connects businesses and consumers across more than 250 payment types in over 40 currencies around the world.

http://www.businesswire.com/news/home/20230504005142/en/CryptoOrange-Selects-Paysafe-as-Exclusive-Payments-Partner/

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Under this partnership, the Bank’s account holders will be “able to collect payments in over 30 foreign currencies using the Global Collections service.”

https://www.crowdfundinsider.com/2023/05/206640-fintech-cashfree-payments-yes-bank-to-offer-global-payment-collection-service-to-indian-exporters/

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Tilia's solution, built for game, virtual world and mobile application developers handles payment processing, in-game transactions, as well as payouts to creators by converting in-world tokens to fiat currency including USD, which serves as the backbone of any functioning virtual economy.

https://www.prnewswire.com:443/news-releases/tilia-secures-strategic-investment-from-jp-morgan-301652447.html

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This allows for an improved and seamless payment experience for patients, enabling a single payment and/or financing of the entire episode of care.

https://www.prnewswire.com/news-releases/synchrony-partners-with-cofi-to-bring-carecredit-payment-solution-to-consolidated-payment-platform-for-vision-providers-301814963.html

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In theory, banks should be able to provide quarterly extracts of all active accounts and signatories to corporates in a standardised format that allows treasury to reconcile against their existing BAM solutions.

https://treasurytoday.com/technology/connectivity/swift-corporates-voice-payments-frustration

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