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Japanese Banks to Launch New National Digital Currency

A consortium of Japanese banks has confirmed plans to launch a new national digital currency in time for the Tokyo 2020 Olympics.


Juniper: Apple Users Likely to Reject Facial Recognition

A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy says.


Onosys, LevelUp ‘Supercharge’ New Customer Acquisition for Restaurants

LevelUp’s nearly 1 million active users, as well as Chase Pay mobile wallet users, will have access to thousands more restaurants for order- and pay-ahead options, thanks to a deal with Onosys.


India Payments Roundup: Paytm, Amazon and Flipkart

The battle for e-commerce and payments domination is on in India. Paytm, an e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while rival Flipkart has raised $2.5 billion from Japan’s SoftBank and Amazon has launched its digital wallet.


Plaintiff Appeals U.K. Competition Appeal Tribunal Decision in £14 Billion Suit

Former financial ombudsman Walter Merricks is appealing the U.K.’s Competition Appeal Tribunal’s decision not to certify his claim in a proposed £14 billion (US$18.2 billion) class action lawsuit against Mastercard over interchange.


Abu Dhabi Launches its First Fintech Innovation Challenge for Startups

Abu Dhabi Global Market and KPMG are launching the first Fintech Abu Dhabi Innovation Challenge—a five-week program for “innovative and mature startups across the globe,” with a chance to win $15,000 in prize money.


NCR Tackles Omnichannel Issues for Restaurants, Food Delivery

NCR Corp. on July 24 announced partnerships with Grubhub and DoorDash that it says will improve payments, order-ahead and delivery services for restaurants.


Karmic Secures $17.2 Million in Series B Financing, Adds Board Members

Pay Award-winning Karmic, which offers an integrated payment and expense management solution, has raised $17.2 million in a Series B round of financing. Wei Hopeman and Jim Whims have joined its board of directors.


Congressman Calls for Hearing on Amazon’s Whole Foods Bid

On this heels of its record-breaking Prime Day, during which sales were up more than 60 percent over last year, Amazon is facing antitrust concerns from the top Democrat on the House Judiciary Antitrust Subcommittee. U.S. Congressman David N. Cicilline (R.I.) is calling for a hearing on the e-commerce giant’s $13.7 billion bid to acquire brick-and-mortar specialty grocery chain Whole Foods.


mVisa Takes on M-PESA with Free Domestic Mobile Money Transfers

Move over M-PESA, customers of a Visa-led bank partnership in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa, and the payments network has added additional in-store merchant acceptance for the QR-code-based payment method.