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Addressing the unbanked and underbanked in developing countries
Around 2 billion people worldwide do not use formal financial services and around half the adults in the poorest households are...
IBM Watson IoT to provide access to 20 billion POS devices for Visa
IBM Watson IoT and Visa announced the industry’s first collaboration that brings the POS to everywhere Visa is accepted, by allowing...
Virtual Account Management: Fast, effective relief from the pain of reconciliation
Let’s be honest, reconciliation is a pain. It’s a battle, a struggle and an all-around nuisance for corporates, albeit a...
Norwegian banks defend Vipps P2P mobile payment against Nordic rivals
In an ambitious move, 100 Norwegian banks have taken a stake in the Vipps P2P mobile payment app developed by DNB in...
Kenyan banks get backing to launch M-Pesa competitor network
The Central Bank of Kenya (CBK) has given six banks the go ahead to launch a mobile money transfer platform...
US Payment System: Federal Reserve report urges US faster payments
In early 2015, the Federal Reserve issued the Strategies for Improving the US Payment System paper that outlined the collective...
Ant Financial set to purchase MoneyGram for $880 million
Ant Financial has stepped up its international expansion by reportedly buying US money-transfer service MoneyGram International for $880 million. The $880...
Western Union settles $586m anti-money laundering fine
Western Union has agreed to settle $586m after admitting that it violated US anti-money laundering laws by ignoring evidence that...