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Mobile and Emerging Payments

08.16.17

SWIFT Partners with TCH to Drive Instant Payments in the U.S.  

Hot on the heels of the Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the U.S. by 2020, SWIFT is offering a gateway.

08.14.17

Digiliti Money Delays Earnings Report, Weighs Sale, Chapter 11

Instead of reporting its second-quarter earnings today, Digiliti Money Inc. plans to file for an extension with the SEC after its accounting firm flagged problems with its previous financial reports, the company announced Aug. 14.

08.14.17

Geoswift, UnionPay and Western Union Vie for Chinese International Tuition Payments with Amazon Promotion

As students gear up for back to school, the competition for international tuition payments continues to heat up. Geoswift, UnionPay International and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that use their service for cross-border tuition payments.

08.14.17

Morgan Stanley’s Diversity-Focused Innovation Lab Welcomes First Five Startups

Morgan Stanley’s new innovation lab, which aims to support multiculturalism and diversity in financial services, has onboarded five startups for its three-month accelerator program.

08.11.17

Coinbase Joins Unicorn Club with $100 Million Funding, Partners with Fidelity

Digital currency wallet Coinbase has taken the leap to become a unicorn. The San Francisco-based company, which was one of the first to receive a BitLicense in New York, has received $100 million in Series D funding led by IVP.

08.11.17

Barclaycard Tests Alipay in Eight U.K. Retail Stores

Barclaycard is launching a pilot that enables merchants to accept in-store Alipay transactions in the U.K., where Chinese tourists are expected to spend more than £1 billion (US$1.3 billion) in 2017.

08.10.17

Lowe’s Rolls out FIS BizNow Prepaid Solution for Small Businesses

Home improvement chain Lowe’s has a new payments tool in its toolbox to help small businesses, contractors and construction professionals—a prepaid card and companion mobile app to manage business expenses.

08.09.17

Green Dot Reports Net Income Jump in Q2, Touts Fintech Deals, Acquires Secured Credit Portfolio

Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.

08.08.17

Oracle Unveils New Global Payments Solution for Banks

Oracle has unveiled its brand new development, Oracle Banking Payments. Built from the ground up, the service uses the ISO 20022 messaging standard and supports global and local payment standards, including SEPA, Swift 2017, Fedwire, U.S. ACH and Swift’s gpi.

08.07.17

Wirecard, Gambio Launch GambioPay for E-Merchants

Wirecard is expanding its collaboration with shop system developer Gambio to launch GambioPay, which the companies say simplifies payments processing and cuts costs for online retailers.