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Payments News

American Express to use blockchain for cross-border payments

American Express has announced it will accept blockchain payments for some cross-border transactions. The company has partnered with Santander and Ripple to enable the trial for business customers on its FXIP platform. It will offer instant payments.

Banks 'two APIs away' from losing customers to mobile apps

Consumers are increasingly interested in mobile payments technology and are attracted to the idea of a centralised digital wallet. A new study by Accenture found smartphone users are "desperate" for a modern approach to banking that works around them.

JPMorgan announces new payments network based on blockchain tech

JPMorgan has launched a new payment processing network that's based on blockchain technology. Financial organisations are making large investments into blockchain in the hope it can simplify some of the issues around traditional banking processes.

IMF head thinks cryptocurrencies might one day lead the economy

Cryptocurrencies like Bitcoin could displace central banks and the current banking system. The head of the International Monetary Fund, Christine Lagarde, has said virtual currencies should not be dismissed, explaining they might be the future.

U.S. must embrace mobile payments: Interview with an innovator Special

Last year the number of mobile payments processed in China was 50 times greater than the number processed in the U.S. To change this, the company Omnyway wants to disrupt the payments status quo. We spoke with the company's CMO to find out more.

Reports: Google preparing 'Tez' mobile payments service for India

Google's planning to launch a new mobile payments service in India, according to local reports. The platform could arrive as early as next week and will include more options than Google Wallet and Android Pay, the company's current payment solutions.

GlobalOnePay optimizes digital payment processing

A more seamless means to invoice and make payments online is being launched online. As an example of advances with technology, GlobalOnePay is offering global omni-channel payment processing technologies and merchant services.

Addressing security fears when making contactless payments

Oxford - University of Oxford technologists have designed a prototype device designed to make contactless payments more secure. The device sends secret keys to encrypt information passed from a mobile device to a payment terminal.

Mastercard's new credit card comes with a fingerprint sensor

Mastercard has announced what it's describing as a "new generation" of credit cards. The company has included biometric technology that adds a fingerprint to the card for additional security. It's used when verifying payments and replaces the PIN code.

NFC Ring lets you pay with a tap of your finger

You can now tap-to-pay using nothing more than your finger at hundreds of thousands of stores in the U.S. and U.K.. The NFC Ring is a Visa-based payment ring that is now available for anyone to pre-order. It made its debut at the Rio Olympics this month.

Oracle's hugely popular point-of-sale payment system hacked

Computing giant Oracle has warned customers of its MICROS point-of-sale payment systems that cybercriminals have infected the service with malicious code. The software is used in 180 countries. The attack could explain a recent series of retail thefts.

List of largest medical fines revealed

The last couple of years have seen a slight lowering in the number of cases brought against medical companies; however, at the same time, there was an increase in the level of fines paid out.

Pentagon to make 'condolence payments' to Kunduz victims

Washington - The Pentagon announced Saturday it would make payments in compensation for those killed and injured by US airstrikes on a Doctors Without Borders hospital in the northern Afghan city of Kunduz.

Declaring links to drug companies to become mandatory

London - Medical doctors and other health officials could be instructed to declare all financial links to pharmaceutical companies. New plans are being drawn up in the U.K. to make this mandatory.

High figures paid by pharma companies to doctors revealed

The latest figures for the amount of money spent by the pharmaceutical industry on the medical profession for the U.K. has been revealed — £41 million ($60 million). This is dwarfed by the amount spent in the U.S.

Facebook expands payments on Messenger across the entire U.S.

Everybody in the United States can now send and receive payments using Facebook Messenger after a large expansion made the feature mainstream. Users of the app can transfer funds with their friends quickly using just a compatible debit card.

Damage payments for Holocaust victims to increase

New York City - Compensation for Jewish survivors of the Holocaust will increase by as much as 20 percent under new agreements announced Monday by the international organization that distributes restitution to victims of Nazi atrocities during World War II.

2014 is the year for mobile payment systems

Summer has arrived and with it consumer spending has thawed, although not to the levels that e-tailers had hoped. Larger purchases — cars, furniture, and other durable goods — have decreased.

Dish Network will accept Bitcoin payments

Bitcoin, the cryptocurrency, is gaining popularity. One of the latest to join the Bitcoin ranks is The Dish Network, a satellite TV operator.

China's central bank mulls Alibaba, Tencent payment curbs

China's central bank is considering regulations that would significantly limit the size of payments made through Chinese Internet firms including Alibaba Holding Group and Tencent Holdings Ltd.

China's central bank halts Tencent, Alibaba mobile payment process

China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd...

Spain's Luis Bárcenas: 'I made cash payments to Spanish PM'

Madrid - According to judicial sources, on Monday Luis Bárcenas, former treasurer of Spain's ruling Partido Popular (PP) party, told the court that he had given secret cash payments to Spanish Prime Minister Mariano Rajoy from a "slush fund."

Payments industry honors most influential female leaders

This week, the editors of PaymentsSource, Bank Technology News and, ISO and Agent published their first annual list of the "20 Most Influential Women in Payments."

Lower banking fees for South Africans

Finweek Magazine reports on their investigation of tariffs asked by South Africa's four biggest banks, and the reasons why some are more affordable than others.

Payments go mobile at Starbucks

Going to your local Starbucks in the United States could be a bit different for those with Blackberrys and iPhones after today. The Starbucks Card Mobile App allows for mobile payment at almost 6,800 locations.

Canadian military denies paying protection money to Taliban

The recent revelations of alleged payments by Italian forces to the Taliban of protection money has spilled over. Agence France Presse is now claiming Canadian forces also paid the Taliban for the same purpose.

Bloggers Can Be Fined For Product Endorsements

Bloggers who write up positive reviews for products that they have been paid for can be fined if they don't disclose that information.

High school students can now pay with their finger

As many high schools across the United States begin the new school year, students can for their lunches with their fingers instead of cash or a student card.

Octomom Finalizes Deal For Her Brood

Nadya Suleman has signed contracts for each of her 14 children to earn $250 a day to star in a reality television show. The contracts were filed in Los Angeles Superior Court to make sure the tots will earn about $250,000 over the next three years.
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Google Hands Free lets you pay in stores with your voice  no need to pick up your phone
Google Hands Free lets you pay in stores with your voice, no need to pick up your phone
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Payments in Facebook Messenger
Payments in Facebook Messenger
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