Big names get behind Facebook’s GlobalCoin
by Graham Buck
The social media and networking giant reportedly has Visa, MasterCard , PayPal and Uber as founder members of its cryptocurrency
Payments - Disbursements
Background
Making payments is the inevitable consequence of making purchases and an essential and integral part of the financial supply chain. A payment is the transfer of value from one party, a person or…
Read moreReserve Bank of Australia chivvies banks on payments
by Graham Buck
The regulator accuses the country’s big four of dragging their heels on opening up the country’s New Payments Platform
Moscow blockchain start-up launches supply chain finance platform
by Graham Buck
Russian fintech start-up Factorin has piloted the platform for six months and plans to move into the European Union
Sweden’s Riksbank plans to join ECB instant payment scheme
by Graham Buck
The country is likely to sign up to the Target Instant Payment Settlement (TIPS) system for real-time payments, launched last November.
Ripple eyes South America expansion with Brazil launch
by Graham Buck
The real-time payments specialist revealed a key hire made earlier this year as it looks to develop business in the region
Visa’s B2B Connect platform officially launched
by Graham Buck
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016
Big tech a threat to financial stability, warns IMF
by Graham Buck
The concentration of power among a small number of mega corporations is a concern, says IMF chief Christine Lagarde.
UniCredit to work with FinDynamic on dynamic discounting
by Graham Buck
The bank is taking a minority stake in the Italian fintech start-up and will offer dynamic discounting to iUniCredit clients.
Target joins US retail giants exploring blockchain
by Graham Buck
For nearly a year, the Minnesota-based group has quietly worked on a blockchain-powered solution for supply chain management.
Fraudsters target Australia’s instant payments system
by Graham Buck
Westpac, one of the country’s big four banks, revealed that its PayID lookup function had been infiltrated.
PayFi, The Clearing House partner on US real-time payments
by Graham Buck
The partnership promises to bring real-time payment capabilities to community banks across America.
Mastercard launches Open Banking Solutions suite
by Graham Buck
The four applications and services, initially focusing on the UK and Poland, aim to support the growth of open banking across Europe.
Stripe adds chargeback protection feature as option
by Graham Buck
Available to Stripe users in North America and Europe from today, the feature is priced starting at 0.4% per transaction.
Visa chief downplays banks’ push for real-time payments
by Graham Buck
Al Kelly says he is unconvinced real-time payments will take off and asks: “Does the consumer really need the funds that much faster?"
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
US fintech Plaid rolls out services in the UK
by Graham Buck
The six years old San Francisco company, already valued at $2.7bn, is expanding across the Atlantic and opening its first UK office.
Consolidation continues as Global Payments pays $21.5bn for TSYS
by Graham Buck
The payments technology sector marks its third major acquisition deal since the start of this year.
China-Latvia e-commerce hub launches in Riga
by Graham Buck
A ceremony at the Baltic Container Terminal in Latvia's capital marked the new China (Ningbo)-Latvia Cross-border E-commerce Hub.
Facebook plans 2020 launch of cryptocurrency
by Graham Buck
The social media giant plans to establish a digital payments system in a number of countries in the first quarter of next year.
Fintechs gain favour for B2B payments processing
by Graham Buck
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
Kyriba links with JP Morgan on real-time payments
by Graham Buck
The San Diego group is the. first treasury management provider to offer real-time payments in the US to the bank’s corporate customers.
CULedger, R3 partner on blockchain for cross-border payments
by Jack Large
The US credit union service organisation is to launch CU Pay, an electronic funds transfer product, early next year.
Swift trials real-time cross border payments via Tips
by Graham Buck
The network launches a Europe cross-border instant payment test via its gpi service and the TARGET Instant Payments Settlement platform
Moving to ISO 20022 message standard is HUGE
by Jack Large
Deutsche Bank’s Ultimate guide to ISO 20022 migration on the impacts of standardising on a new payment message format is a must read