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US banks roll out Zelle P2P money transfer app to take on Venmo
A consortium of US banks, including Wells Fargo, JPMorgan Chase and Bank of America, are rolling out a new P2P money transfer app to take on Venmo and other mobile payment upstarts. The app, named Zelle, will offer the same kind of instant, P2P money transfers users of Venmo have been making for years – and [...]
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90% of major banks in US and Europe exploring Blockchain technology for payments
Nine out of 10 banking professionals surveyed at large US, European and Canadian commercial banks said their company is currently exploring the use of blockchain technology for payments, according to a new report from Accenture. The initiatives are designed to reduce costs, speed payments, reduce errors and drive new revenues. The report – Blockchain Technology: [...]
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Misys forced to call off current IPO plans
UK financial software provider Misys has been forced to cancelled its planned IPO, citing “market conditions”, the latest in a series of pulled or troubled deals in the UK and Europe in recent weeks. Misys said it had received “encouraging institutional support”, but the FT’s Nic Fildes and Kadhim Shubber reported that the company’s management [...]
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Ant Financial announce global expansion partners – First Data and Verifone
Ant Finacial Services is expanding its global reach to make sure its millions of clients can buy whatever they want, wherever they want, and however they want. At the Money 2020 conference in Las Vegas, the company announced a slew of partnerships in the US, with the payment processor First Data and hardware manufacturer Verifone. [...]
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EMVCo launches EMV 3-D secure 2.0 specification
EMVCo has published EMV 3-D Secure Protocol and Core Functions Specification v2.0.0 (EMV 3DS 2.0 Specification). The new specification provides a globally interoperable framework that promotes a consistent consumer experience across all e-commerce channels and connected devices when authenticating a cardholder. The specification is available, royalty free, from the EMVCo website. 3-D Secure (3DS) is [...]
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