Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial Conduct Authority (FCA) launched a joint call for information “from a wide range of stakeholders,” according to a Monday (July 15) press...
Argentina-based payments processor Tapi has reportedly raised $22 million in new funding. The company will use the Series A funding to help fuel its expansion into Mexico, Co-Founder/CEO Tomas Mindlin said in a Bloomberg News interview Friday (July 12). According to the report, Tapi processes...
The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness of instant payments growing in the U.S. since the launch of the FedNow® Service last July, organizations and observers may...
Square has begun offering Tap to Pay on iPhone to merchants in France. The new offering, announced Tuesday (July 9), lets businesses use an iPhone to accept in-person payments with Apple’s Tap to Pay contactless payment technology. “The French business landscape is competitive and tech-savvy, always looking for...
Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option for fast and secure money movement. Through its wire transfer API, Galileo connects FinTechs working with Community Federal Savings Bank to Fedwire,...
There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services to protect, analyze and optimize each transaction. For example, Visa’s value-added service (VAS) offerings now contribute roughly a quarter of...
Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and...
Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will...
Visa has promoted Aurélien Pichon, who had been its head of client services in Central Europe, Middle East and Africa (CEMEA) for the last two years, to global head of client services, effective immediately. In his new role, Pichon will lead a global team of...