Google Pay Payments

Intersect 2019: Apple Card to be “most successful bank account launch in history”

“If you don’t go mobile [...] then you’re going to look like Nokia,” says Richard Crone.

Intersect 2019: Co-op calls for greater fintech integration to combat fraud

It pins the low adoption rates down to a lack of education and tedious back-end processes.

8 reasons why investment in Indian fintech is a lucrative option

Fintech is set to grow exponentially, and for those who can crunch numbers and technology, this is the right time to put their money and expertise behind this disruptive and nascent sector.

Dutch fintech firm Adyen earnings jump 79% on higher transaction...

Adyen , a Dutch fintech company that processes payments for online merchants inc...

APRA grants Aussie fintech 86 400 a banking licence | ZDNet

Australia's newest bank expects to launch soon.

Google Pay Adds Support For 26 New Banks This Month | PYMNTS.com

Google Pay has added support for 13 new  banks in July, bringing the total number of banks added this month to 26, according to reports. Google has been adding banks at a rate of about every other week. On its support page, Google listed the new banks it added this month: Educational Community Alliance Credit […]

Challenger banks in France

BankingTech is exploring the challenger bank landscape in France considering their offerings and their technology.

Are You Ready for the Invasion of European Challenger Banks?

N26 and Monzo begin introducing their digital-only accounts in the U.S., hoping success achieved overseas translates to victory in America.

Sydney could use facial recognition for public transport payments

Sydney's commuters could soon ditch their contactless cards and pay for journeys with their faces, predicts the New South Wales transport minister.

A CDFI's digital ambitions

Quontic Bank CEO Steven Schnall wants to turbocharge deposit growth by mimicking the strategies of big digital banks so his community development financial institution can become a much larger mortgage lender.

Adyen adds support for Interac Debity in digital wallets

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world's leading companies, announced the addition of Interac Debit on Mobile for In-app and In-browser as a payment method for Canadian merchants.

Are You Choosing Fintech—or Is Fintech Choosing You? | ABA Banking Journal

Risk management and compliance considerations along the path of banking innovation.

Why BofA is making it easier to use other companies' mobile wallets

By creating a close tie between digital debit cards and the major third-party mobile wallets, Bank of America is doing something few banks are — and expecting a payoff in broader use of digital financial services and “top of wallet” spending.

Fintech Unicorn & Stealth Bank TransferWise Launches Debit Mastercard in the U.S.

Fintech Unicorn and stealth bank Transferwise announced on Tuesday it has launched its debit Mastercard in the U.S.  It was revealed that TransferWise debit Mastercard was built specifically for people 'without borders.' TransferWire further explained: 'The TransferWise debit Mastercard can be up to 4x cheaper

Swedbank to offer wearable payments with Fidesmo

Swedbank and the savings banks have previously offer customers with a Swedbank debit card the opportunity to connect to several mobile payment solutions such as Samsung Pay, FitBit Pay, Garmin Pay and Swedbank's own mobile payment solution Swedbank wallet.

Uber is pivoting to fintech, something Asian startups have been doing for years

Asian mobility startups like Ola, Grab, and Go-Jek have been rolling out financial services since at least 2015.

Commercial banks are joining the API revolution

Ultimately, the power of APIs is not in the technology but in the vision behind that technology.

Masabi unveils multi-format scanning device for contactless tap and ride ticketing

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today launched the Justride Validator – a feature rich multi-format ticket validation device for buses and trams, designed by Masabi so passengers can simply tap a contactless payment card, linked smartcard or mobile device to travel, without needing to purchase a ticket or understand fares.

Crypto Exchange With 2 Million Users Launches Apps for Apple and Android Devices

A crypto exchange with more than 2 million users has launched apps for Android and iOS — and now plans to become a major player in the pan-Asian region.

Facebook Sources Say That Stablecoin White Paper Will Come on June 18

Several voices have earmarked a June 18 whitepaper launch date, as information slowly trickles through.

Millions of Brits go cashless amid rise of contactless and mobile banking

With mobile banking and contactless payments becoming ever more popular in the UK, one in 10 Brits now live a largely cashless life, according to figures from UK Finance.

Stripe leads $22.5m funding round for teen banking startup Step

Stripe has led a $22.5 million Series A funding round for Step, a teenager-focused US mobile banking startup that has built up a half million-strong waitlist in a matter of months.

New Strong Customer Authentication rules could cost Europe EUR57bn - Stripe

Today, payments infrastructure company Stripe released a new study conducted by 451 Research forecasting that Europe stands to lose €57 billion in economic activity in the first 12 months after SCA takes effect.

Crypto – Not Fintech – Is Innovating the Banking System | The Daily Hodl

FinTech is not innovating the banking system – it’s crypto that is. Here are some reasons why: Many claim that tech companies are disrupting banking. In reality, the two operate their business in exactly the same way. There is no distinction between Alipay or Google Pay and a bank account with your local bank. In …

French teen banking startup Pixpay raises EUR3.1m

Pixpay, a French digital banking startup aimed at teenagers, has raised EUR3.1 million in a funding round led by Global Founders Capital.

BBVA builds global mobile payment platform

BBVA Group has developed a platform to facilitate mobile payments across all the countries in its footprint.

Teen banking fintech Pixpay raises €3.1m launch funding

The Paris-based start-up was founded four months ago.

Fintech start-up ToneTag takes sound wave payments tech to Japanese market

The firm decided to foray into the Japanese market, after receiving a patent for its innovation in the country

BNP Paribas Fortis straps on Fitibit Pay and Garmin Pay

BNP Paribas Fortis, Hello bank! and Fintro customers who own a Fitbit (NYSE: FIT) or Garmin wearable device with payment capabilities will now be able to use it for fast, convenient and secure purchases, for no extra charge.

Multicurrency Crypto Wallet Integrates Apple Pay, With Google Pay to Follow Within Weeks

A multicurrency digital wallet has announced that it has fully integrated Apple Pay into its app, opening new payment options for users.

| PYMNTS.com

Starling Bank Celebrates Second Anniversary

UK-based digital banking platform Starling Bank recently celebrated its second anniversary. Founded in 2014 and officially launched in 2017, Starling Bank describes itself as a UK mobile-only bank that offers personal, joint, and business accounts. The app allows users to “take the stress out” of

Book Online, Pay Offline: bookingkit and SumUp Announce Partnership | The Fintech Times

bookingkit, Europe's SaaS solution for the digitisation of tours and activities, is partnering with SumUp to expand the application of its software.

Thought GDPR was complex? Get ready for SCA!

Europe is bracing itself for a big shake-up in how we pay for things online, which will have signifi...

Is eBay Going Crypto? [u]

Is eBay (NASDAQ:EBAY) going crypto? According to a multitude of posts displaying eBay banners at Consensus indicating 'virtual currency. It's happening on eBay,' that may be the case. If the chatter is true, eBay may be joining alongside its big tech brethren Facebook which is

ACI Worldwide upgrades mobile wallet with Speedpay and Walletron acquisitions

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced new mobile wallet payment and loyalty capabilities.

Amazon Pay launches Android P2P payments in India

Users can pay Amazon delivery associates from their bank accounts via UPI QR codes.

Wirecard Enables Swiss Android Users With Google Pay Through boon

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it is enabling Android users in Switzerland to benefit from the launch of Google Pay with boon. According to Wirecard, the mobile payment solution is now available for download in the Swiss Google

Funds at your disposal: Digital lending making inroads into traditional lending

The penetration of the internet of things and devices such as smartphones has brought in many advanc...

Standard Chartered rolls out instant issuance of digital credit cards in Singapore

Standard Chartered Bank (“the Bank”) today announced the roll out of its instant digital credit card issuance and loans disbursement capability.

It's NOT Just About 5G. T-Mobile to Offer Bank Like Services with a Mobile Checking Account and a 4.00% APY

While everyone in the mobile community is talking about when 5G hits and how the world will change forever as  HD movies download in minutes and VR actually works like VR should, T-Mobile is talking about another innovation; one of the Fintech kind. T-Mobile is

T-Mobile launches mobile checking account

With no fees and high interest earning.

T-Mobile takes on US banks with checking account

Telecoms giant T-Mobile is taking on the American banks, teaming up with BankMobile to launch an app-based checking account.

Stripe Announces Acquisition of TouchTech Payments to Accelerate Strong Customer Authentication For Financial Institutions

Payments platform Stripe announced on Wednesday it has acquired Ireland-based Touchtech Payments, a software company, to accelerate Strong Customer Authentication (SCA) for financial institutions. According to Stripe, TouchTech Payments provides advanced SCA-ready authentication technology for some of Europe’s leading fintechs and challenger banks, like N26,

If you can’t beat them, join them

As I continue to look at the 2019 Accenture Banking Trends, this month I will be focusing on the dis...

Canada’s Regulatory System for Fintech is Complex, Costly and Chaotic. It is Stifling Fintech Innovation

Canada may be a smaller market but it has a robust, highly sophisticated economy and a vibrant Fintech sector. Toronto, the financial center of the country, is home to dozens of Fintechs including payment firms, online lending, AI, wealth management, blockchain and more. Yet while

KBC adds support for Fitbit Pay

Today, Fitbit (NYSE:FIT) and KBC launched Fitbit Pay in Belgium.

Yandex.Money goes multicurrency

Yandex.Money introduces a new service for multi-currency accounts and cards.

6 BENEFITS OF PROXIMITY MARKETING AND HOW TO EXECUTE A CAMPAIGN

Proximity marketing is one of the fastest ways to gain a competitive edge when it comes to mobile ma...

Apple Pay and Google Pay now enabled on Worldline payment terminals in Germany

Worldline [Euronext: WLN], the European market leader for payment and transaction services, now supports the modern mobile payment solutions Apple Pay and Google Pay on its payment terminals which allows users to pay easily via smartphone or smartwatch.

I Got the Mark of the Beast – And It Will Hold My Bitcoin - CoinDesk

There's a lot of overlap between bitcoiners and body hackers. CoinDesk editor Bailey Reutzel traveled to Austin, Texas to explore that crossroads and become a bitcoin holding (literally) cyborg.

The battle for real-time payments dominance in the U.S.

Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been adv...

Winning PSD2: Amazon, the Chinese, or just your own familiar bank?

PSD2, the new regulation that will open up retail banking… another regulation that triggers very lit...

Digital challenger Bunq takes on Dutch rivals with market-beating interest rates

Bunq launches an interest rate 9 times higher than the going market rate.

Apple Pay's rebirth gives Goldman a gateway to consumers

Banks and Apple Pay have not always had easy partnerships, but a hot market for co-branded cards gives Goldman Sachs a chance to advance its consumer ambitions and Apple an opportunity to offset slumps in device sales.

Wirecard Announces Expansion of Collaboration With Google Pay in Europe

Germany-based global provider of digital payments and commerce solutions Wirecard announced last week it is expanding its cooperation with Google Pay and is making its mobile payment app, boon, available for the wallet solution in Ireland, Spain, and the UK. Wirecard reported that the mobile app's users

BPP releases digital wallet in Brazil

BPP, a fintech company specialized in developing innovative electronic payments solutions, launches its digital wallet to the market.

Wirecard extends collaboration with Google Pay

Wirecard, the global innovation leader in digital financial technology, is expanding its cooperation with Google Pay and is making its mobile payment app boon available for the wallet solution in Ireland, Spain and the United Kingdom.

Microsoft Wallet retires

Bowing to the inevitable, Microsoft is killing off its contactless payments app for Windows phones.

Church of England appraises 'digital collection plate'

The Church of England has teamed up with payments firm SumUp to trial a 'digital collection plate' that lets members of church congregations donate with their card or phone, rather than cash.

Funding Hate: The Far-Right’s Pivot to Crypto

As controversial figures on the right find themselves deplatformed, they increasingly turn to crypto for fundraising.

What the 'Marie Kondo Effect' Could Mean for Standalone Fintech Apps | Bank Innovation | Bank Innovation

People are trying to declutter their phones as well as their homes -- is this a problem for standalone apps like PayPal-owned Venmo? "I don't need Venmo when I

Yello rolls out tablet-sized payment terminal

Payment terminal and payment services provider Yello today announced that its revolutionary new Y7 terminal has received all industry approvals and certifications and is now ready for market.

Square introduces in-app payments SDK

Today Square (NYSE: SQ) announced the launch of the Square In-App Payments Software Development Kit (SDK), enabling developers and sellers to process payments with Square within their consumer-facing mobile apps for the first time.

Google Receives Payment Institution Authorization From Ireland’s Central Bank

Google (NASDAQ:GOOG) has received payment institution authorization from Ireland's Central Bank. According to Irish Times, the Central Bank granted authorization to Google Payment Ireland under the second Payment Services Directive (PSD2) regulation. The company will now be allowed to issue and acquire payments across the European Union (EU)

Google gets payments licence in Ireland

Ireland's central bank has granted authorisation for Google to operate as a payments institution, a move that could see the big tech giant significantly expand its financial services offerings across the European Union.

Google Receives Electronic Money Institution License from Bank of Lithuania

Last month, Google - or Alphabet (NASDAQ:GOOG) was approved for an Electronic Money Institution license from the Bank of Lithuania. The license will enable Google to issue electronic money, handle electronic money wallets, perform remittances, payment transactions, provide cash deposit and withdrawal services, as well

Millennials Using Phone Payment Apps Make Worse Money Decisions

Mobile payments is one of the hottest sectors in Fintech. Venmo and Square/CashApp have battled for years over the hearts and minds of millennials, with CashApp recently declaring victory- thanks in part, some say, to its pioneering incorporation of Bitcoin trading into the app. In May,

Russia wants to adapt its payment laws to market reality

“Central Bank of Russia takes control over foreign payment systems and e-wallets”, “Alipay and WeCha...

Facebook Discussed Launching Cryptocurrency: Report

Facebook has embarked on an aggressive hiring spree to woo crypto experts to expand its blockchain group amid speculation that the social media monopoly is considering launching its own cryptocurrency. Facebook formed its blockchain unit in

Wirecard Brings Mobile Payments to Stuttgart | PYMNTS.com

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wirecard teaming up with Stuttgart-Marketing GmbH to create the “first official China Pay City in Germany.” In addition, Google is bringing Google Pay to the UAE, and AlipayHK plans to bring quick-response (QR) code payments to a transportation system in Hong […]

DBS Hong Kong lets customers apply for credit cards from mobile phone

In a world of instant gratification, DBS Bank (Hong Kong) is elevating the customer experience to a whole new level, with the launch of a revolutionary way for new customers to instantly get their hands on a DBS credit card, and immediately start enjoying it from the comfort and convenience of their mobile phone.

Russian banks get ready for contactless ATMs; MIR cards go international with Ingenico

A clutch of leading Russian banks are preparing for the introduction of contactless ATMs, enabling users to make withdrawals and conduct currency transactions at the cash point via popular payments apps from Apple, Samsung and Google.

What is the Future of Bank Branches?

There are many Bank branches (Retail Banks) operating across India. Do we really need so many branch...

INV Fintech welcomes new class of startups

INV Fintech has announced its sixth accelerator class, which begins this week with six unique startups that are seeking to revolutionize financial services, the accelerator announced today.

INV Fintech Announces Sixth Class of Startups | Bank Innovation | Bank Innovation

INV Fintech, Bank Innovation's sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to

ModoPayments On 'Auth Shopping' For Merchants | PYMNTS.com

Decline rates are on the rise, reaching 30 percent of CNP transactions, depending on where one looks. Bruce Parker, CEO of ModoPayments, said that’s a bit of a black box and plumbing issue, where going “auth shopping” might help boost conversion rates. A marketplace model among payment services, too, may open up a whole new eCommerce world for merchants.

7-Eleven Adds Scan & Pay Mobile Payments | PYMNTS.com

Cashierless payments are set to increasingly be part of the convenience store checkout model. To that end, 7-Eleven said earlier this week that is debuting scan-and-go options at 14 of its Dallas-based stores, with the goal of bringing that technology to additional locations through 2019. The Scan & Pay feature exists within the convenience store […]

The war on cash in Belgium and The Netherlands: a state of play on contactless mobile payments

The last few weeks we, payments experts, were excited with news from banks and their contactless

Can QR Codes Make It in America? SwiftPass Thinks So | Bank Innovation | Bank Innovation

The scale of mobile payments in China staggers the Western imagination. In 2017, $15.4 trillion in mobile payments were processed, 54% by Alipay, and 39% by

The Axis: Klarna Teams With Shopify Payments | PYMNTS.com

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Klarna’s integration with Shopify for payments to German merchants. In addition, Google Pay has become available in the Scandinavian countries, and the industry ministry in Japan is mulling unified quick response (QR) codes. Klarna is teaming up with Shopify by […]

Adyen Expands Payments Platform Into Canada | PYMNTS.com

Adyen, the payments platform company, announced Tuesday (Oct. 30) that it has expanded into Canada and landed four new customers. In a press release, Adyen said it was chosen by Dollar Shave Club, Adidas, Busbud and Canada Goose to process payments. The company said the expansion into Canada brings a unified commerce capability to domestic and […]

Nordea Announces Roll Out of Google Pay

European financial group Nordea announced on Tuesday it has expanded its digital payment offering by adding Google Pay. According to Nordea, customers in all Nordic countries can now use Google Pay at contactless payment terminals and in apps and online stores. All Nordea’s consumer cards and Nordea First

Nordea rolls out Google Pay

Nordea expands its digital payment offering by adding Google Pay, a mobile payment solution for Android phones.

European mobile payment outfit Bluecode receives growth capital investment of €11.2 million

Bluecode, a mobile payment solution developed in Austria for European banks and retailers, has recently announced a partnership with Alipay, the world’s largest payment platform by Alibaba, the Chinese internet giant.

Starling Bank moves to open accounts for 16 and 17-year olds

We’re opening up our mobile-only personal account for 16 and 17-year-olds.

Square releases new all-in-one eftpos terminal

Today, Square, Inc. (NYSE: SQ) announced Square Terminal, an integrated and innovative all-in-one card processing device designed to be fast, fair, and secure.

Tinkoff Black card-holders can now keep their money in 30 currencies

Tinkoff Bank is offering its customers the opportunity to open multiple Tinkoff Black accounts in as many as 30 currencies at a time.

PayU to make Google Pay available in online stores in Europe

Online retailers cooperating with PayU in Europe have been granted access to a new form of payment in their websites as well as in mobile applications.

KBC adds support for Garmin watch payments

From Tuesday 23 October, KBC, CBC and KBC Brussels customers with a payment-enabled Garmin sports watch will be able to use it to pay for purchases.

Contactless overtakes Chip and PIN for in-store transactions

Worldpay is declaring a tipping point for contactless payments in the UK, as tap and pay transactions overtake Chip and Pin for in-store card payments for the first time.

CVS Rolls Out Support for Apple Pay | PYMNTS.com

Months after Apple CEO Tim Cook said CVS would be accepting Apple Pay, the retailer has brought support for the mobile wallet to stores across the country. The retailer had reportedly slowly brought the functionality to its brick-and-mortar stores, and the rollout has now been publicized, MacRumors reported. “Get your essentials in a flash,” Apple […]

3 outdated stereotypes that hassle with your business expansion to Russia

The nature of my job is to establish partnership between fintech, e-commerce and digital businesses ...