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Mobile and Emerging Payments


European Payments Council’s SEPA Instant Credit Transfer scheme goes live

The Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council (EPC) is now operational.


UK banks join the iPhone X Face ID rush

Customers of TSB and Tesco Bank are now able to use facial recognition technology, Face ID, for mobile banking app and make payments.


Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh

Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).


Sunlight Payments to “revolutionise” distribution for global philanthropic sector

Sunlight Payments, a US-based paytech start-up, says it has “successfully tested a new platform to enhance controls and accountability for philanthropic funding and grants”.


ICICI Bank sets the tone for voice-based payments in India

ICICI Bank has unveiled India’s first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in the country, writes Banking Technology (Paybefore’s sister publication).


Personetics leverages AI to help chip away at student loan crisis

Cognitive analytics company Personetics has launched Personetics Act to offer banks a way to help customers repay their student loans ahead of schedule.


Credit union consortium CULedger opts for Swirlds to build blockchain platform

CULedger, a US-based credit union consortium formed by the Credit Union National Association (CUNA) and the Mountain West Credit Union Association (MWCUA), has selected Swirlds’ hashgraph technology as a key component of its permissioned, distributed, shared ledger platform for credit unions.


NYC public transport set to go contactless

Contactless payment options for New Yorkers will become available in late 2018New York to roll out a contactless fares system across its public transport network, based on the system developed by Transport for London (TfL).


Sherpa Foundry and Silicon Valley Bank create Silicon Foundry, corporate innovation platform

Sherpa Foundry and Silicon Valley Bank (SVB) have joined forces to launch Silicon Foundry, a membership-based corporate innovation platform.


Wirecard in mobile wallet integration with Apple Pay, Android Pay and Samsung Pay

Paytech company Wirecard has launched mobile wallet integration with Apple Pay, Android Pay and Samsung Pay in the US.