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CIBC Goes it Alone with New Simplii Financial Banking Brand

Canada’s banking group CIBC has unveiled Simplii Financial, its new direct banking brand, signaling the end of its President’s Choice Financial consumer banking business with retailer Loblaw.


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.


Blackhawk Network Takes Lotto Tickets Mobile

The chance to win big is going mobile. Using live ticket technology from Linq3, Blackhawk Network will give grocery shoppers the ability to purchase mobile-enabled tickets for big jackpot games, such as Powerball and Mega Millions, in the checkout line.


Bread Raises Serious Dough for E-Commerce Installment Payments

Bread, a fintech startup that builds installment payment solutions for online merchants, has completed $126 million of equity and debt financing to expand its portfolio and bolster its engineering team.


On the Wire: Mastercard, PayPal Take on Asia-Pac Together, allpay Wins Edinburgh Prepaid Bid, More

Keep tabs on the latest payments partnerships, including expanding acceptance in Asia-Pacific for Mastercard and PayPal, Flywire enabling cross-border car payments for international students buying a Volvo, the city of Edinburgh selecting its prepaid provider and more.


CardLinx Adds Members, Launches Retail AI Forum

The CardLinx Association announced four new members—Capital One, JCB, Yahoo! Japan and Dentsu—as well as the launch of a “groundbreaking forum” on Retail in the Age of Artificial Intelligence (AI) on Sept. 12, 2017, in Chicago.


xPressTap Wants to Eliminate Payment Card Readers, Reduce Fees

With the Aug. 1 launch of its Tap2App merchant payment solution and pilot program, xPressTap Inc. is enabling micro-retailers and small business owners to use their smartphones to accept card payments without a dongle or a portable card reader.


Mexico-Based MIT Taps Featurespace for Payments Fraud Prevention

Machine learning continues to take center stage in fraud prevention for the payments industry. Mexico-based payments processor MIT will use U.K.-based Featurespaces’ real-time, machine-learning platform to detect anomalies in individual behavior for fraud and risk management for its 17,000 merchant partners.


On the Wire: InComm Launches OTC App; First Data Takes B2B Gifting Online; EML’s Virtual Payments Deal

From mobile apps and virtual payments to B2B incentives and fulfillment, keep tabs on the latest launches and partnerships from InComm, First Data, EML Payments Limited and National Gift Card Corp.


Blackhawk Network Gives PayNearMe a Boost, Announces Cardpool Marketplace

PayNearMe, which bills itself as the U.S.’s largest electronic cash transaction network, is expanding to Blackhawk Network retail partner locations, starting with Casey’s General Stores. In other news, Blackhawk Network’s Cardpool gift card exchange site launched a new “name your price” marketplace.