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06.20.17

Wirecard Lends Speed, Functionality to Partner VEON

Amsterdam-based mobile network operator and technology company VEON has partnered with Wirecard AG as part of a global payments and processing agreement. Wirecard, a Germany-based provider of global payments solutions, now manages third-party payments functionality and airtime top-up on VEON’s Internet platform, enabling customers to upload funds and update mobile payment accounts within seconds, according to an announcement.

06.14.17

SWIFT Unveils Instant Payments Messaging for Europe

SWIFT has a new instant payments messaging solution for the European market, offering a single gateway to multiple systems. The service will be available by November 2018.

06.08.17

Australia Post Taps i2c for Digital Payments Push

Australia Post is partnering with processor i2c Inc. to “expand and modernize” its digital payments offerings. Under the pact, the Australian postal service will use i2c’s Agile Processing platform to roll out enhanced digital functionality for its payments products, including the Load&Go GPR Visa card, along with gift, multicurrency travel and corporate incentive cards. The i2c platform also will underpin future financial services products from Australia Post.

06.08.17

Philip Morris Test Promotes Blockchain Payments in Poland

Moving incentives to virtual prepaid cards is an important trend, but Philip Morris International is taking its incentives a step further with blockchain. The cigarette company and fintech firm Billon Group reportedly have completed a test replacing prepaid cards with the distributed ledger technology, enabling digital and mobile payments.

06.08.17

Compliance Titans: Craig James, Neopay

Craig James, founder and CEO of compliance consultancy Neopay, views compliance like a chess match—you have to know the board better than everyone else, so nothing surprises you.

06.07.17

Singapore Taps Tokenization, Blockchain for Interbank Payments

A tokenized form of the Singapore dollar could be used for interbank payments under a plan put forth by the Monetary Authority of Singapore. The move could mark the latest advance for blockchain technology in the financial services sector.

06.06.17

Flywire Nabs Multi-Currency Specialist PACE

On the heels of expanding into the B2B sector earlier this year, cross-border payments specialist Flywire has acquired PACE Invoice, a multicurrency invoicing platform provider based in London. The purchase bolsters Flywire’s offerings to enable its business, education and health care clients to more easily link invoices to cross-border receivables, increasing efficiency and savings, according to the company.

06.05.17

GPS Captures Contactless Lightning in a Bottle

You’ve heard of wearables—now meet “drinkables.” Global Processing Services (GPS) is helping support a new energy drink marketing campaign featuring special bottles equipped with contactless chips, each preloaded with a credit for a trip on the London Underground. The campaign for the Lucozade Energy brand launched last week, with bottles distributed free at major London train stations and commuter hubs.

05.31.17

Square Launches Virtual Terminal Service in U.K.

About two months after launching in the U.K., Square has introduced its Virtual Terminal service there. The technology enables merchants to accept payments through the Square dashboard, an appealing prospect for online service providers, contractors and other smaller firms that do relatively few face-to-face transactions.

05.25.17

U.S.-Based Ebix Buys Majority Stake in India’s ItzCash

Indian payment solutions provider and Pay Award-winning ItzCash Card Ltd. has a new main backer. U.S.-based Ebix, which sells on-demand software and e-commerce services, has taken an 80 percent stake in the company for $120 million.