Most Nordic countries have at least one nationwide payment scheme to which all financial institutions (FIs) are party. The idea is that a common rule book and shared messaging standard will facilitate payments between any two banks regardless of their unique internal systems. But when...
It’s a widely reported fact that the traditional role of the chief financial officer (CFO) is expanding well beyond balancing books and budgets, and increasingly taking on oversight of entirely new areas and projects — including product design. “One dominant trend we see in the...
The global standards organization overseeing the infrastructure that enables safe and seamless card-based transactions has issued new specifications it says are designed to simplify the acceptance of contactless and mobile payments globally. According to a 300+ page update released Wednesday (Oct. 5) by EMVCo (which originally stood for Europay, Mastercard and Visa), the new specifications seek to unify existing point-of-sale (POS) terminal architecture and come in response to industry concerns. “EMVCo stakeholders identified...
Raiffeisen Bank International (RBI) has partnered with treasury FinTech FinLync on providing cash management services for corporate customers in Austria and CEE using APIs and other collaborations, a press release said. FinLync’s services aggregate global banking APIs to help out with embedded real-time payments and...
Disruption is an ongoing theme of the post-pandemic business world as traditional cards and rails are challenged by imaginative tech that’s redistributing the power of payments. For some, the dream is a closed loop payments system a la the Starbucks card and Starbucks Stars rewards...
While panning PYMNTS’ weekly stream of research and surveys, an unexpected thread of mistrust, misperception and misuse emerged, involving both consumers and businesses, that wove through a range of seemingly disparate topics. Whether it’s the cool embrace of fully digital banks, the unavailability of instant...
FinTech FIS said it’s launching a software-as-a-service (SaaS) solution to let smaller businesses get access to embedded payments and finance solutions through software providers, a press release emailed to PYMNTS said Tuesday (Sept. 13). Called Worldpay for Platforms, it will add embedded payments technology built...
Card issuance and management platform Highnote is expanding its partnership with Visa and has also become fully certified as a Visa issuer processor. Highnote also finished the Visa Ready certification and will join Visa’s Fintech Fast Track program as an enabler in the U.S. market,...
With news that Amazon is sunsetting its Amazon Care healthcare initiative, Peloton’s pivot to a more open ecosystem for its app and content and upbeat outlooks for the battered buy now, pay later sector seeing light at the end of the tunnel (it’s not a...
