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Mobile and Emerging Payments

04.24.17

U.S. EMV Hits Milestone: 1 Billion Visa Chip Transactions in March

U.S. EMV use has hit a milestone. Visa said that for the first time, the number of Visa chip card transactions topped 1 billion last month, a 330 percent increase from March 2016. The announcement comes as the payment network reported a 42 percent overall increase in processed transactions in its 2017 fiscal second quarter.

04.18.17

Zelle Makes Presence Known in P2P Arena

The recent performance of Zelle Network, the P2P payments platform with the funny name, is no laughing matter for competing P2P providers. Early Warning Services, a provider of real-time payments, authentication and risk mitigation services, announced April 17 that its Zelle Network processed more than 170 million P2P payments in 2016, totaling $55 billion in transaction value.

04.18.17

Simple’s Move to a New Bank API Leaves Some Customers Stranded

Pay Award-winning Simple, the Portland, Ore.-based branchless bank founded in 2009, has discovered that moving accounts to its parent bank’s application programming interface, or API, is not that simple.

04.18.17

Intesa Sanpaolo, EBA Clearing Complete Pan-European Instant Payment Test

Italy’s largest retail bank, Intesa Sanpaolo, and EBA Clearing have successfully completed their first user testing activities on financial technology provider Dovetail’s solution for EBA’s pan-European real-time payment platform.

04.17.17

Google’s Android Pay Gets a Hand from Banks

Google is banking on mobile apps to boost its mobile wallet. The Android Pay parent has linked that service to a handful of banking apps, giving consumers the ability add their cards more quickly to the mobile wallet.

04.11.17

Urban FT Taps Sunrise for Prepaid Partnership

White-label digital banking services provider Urban FT is joining forces with Sunrise Banks N.A. to offer clients, which include telcos, insurers and airlines, a bank-issued prepaid card and accompanying mobile app.

04.11.17

CFSI, Chase Seek Fintech Startups for Financial Health Awards

Fintech entrepreneurs still have a few weeks left to win financial backing from two big players in the payment space. The Center for Financial Services Innovation (CFSI) and JPMorgan Chase’s Financial Solutions Lab (FinLab) plan to award $250,000 to programs that help consumers build financial health, “with a special focus on those communities that are frequently underserved, such as older Americans, communities of color, people with disabilities and products that address the gender wealth gap.”

04.10.17

Executive Profile: Walt Granville, Digiliti Money

From his current role as senior vice president of mobile innovations at Digiliti Money (formerly Cachet Financial Solutions), Walt Granville has the perfect vantage point to see the transformative power of mobile for prepaid programs. Find out more from the former pro runner, including which apps are on his must-list, where he sees prepaid in five years and the trend he’s watching most in 2017.

04.06.17

WeChat Wants to Grow Payments in U.S. and Europe

WeChat is on the move again. The China-based social messaging and mobile wallet platform plans to expand its presence in Europe and the U.S., efforts that could bring it better relationships with advertisers, brands and payment providers.

04.06.17

Western Union App Integrates Apple Pay

Facing increased competition from mobile P2P services, money transfer giant Western Union has made a move to bolster its own mobile offerings. U.S.-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries and territories.