PCM Products & Contracts RSS

Stripe, the mobile payments provider and disruptor, is set to launch Stripe Issuing, a platform for creating, distributing, and managing physical and virtual cards via APIs. According to the firm, this infrastructure, called Stripe Issuing, will enable users to do things like create employee expense cards with spending limits, generate virtual cards so marketplace couriers [...]

The post STRIPE SET TO LAUNCH STRIPE ISSUING APIs appeared first on Payments Cards & Mobile.

The Open Banking Implementation Entity (OBIE) has announce the publication of the Open Banking Standards version 3. This update builds significantly on the version of the standards that launched in March 2018, effectively giving account providers who implement them in full a solution that complies with the EU’s second Payment Services Directive (‘PSD2’). Whilst previous [...]

The post OPEN BANKING PUBLISHES OPEN BANKING STANDARDS VERSION 3.0 appeared first on Payments Cards & Mobile.

GRAFT (Global Real-time Authorisations and Funds Transfers), a blockchain payment network, has announced that it achieved its first end-to-end instant payment transaction (under 2 seconds) on the GRAFT Network. This is a critical milestone which serves as a precursor to enabling the use of cryptocurrencies like Bitcoin at POS using existing smart payment terminals. GRAFT [...]

The post GRAFT INSTANT PAYMENT ON DECENTRALISED PAYMENT NETWORK appeared first on Payments Cards & Mobile.

Kroger has made good on its threat to stop accepting Visa credit cards, the culmination of a dispute over the interchange fee retailers pay to card networks for each transaction they process. The grocer has threatened to expand the ban to its other stores if they can’t reach an agreement soon. For most companies, a [...]

The post KROGER SIGNS OFF ON INTERCHANGE SPAT – BANS VISA appeared first on Payments Cards & Mobile.

Ripple Labs announced it has reached a settlement “of all outstanding litigation” between R3 and XRP, according to a press release published September 10. Per the statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.” The litigation between Ripple and R3 Consortium began in September [...]

The post RIPPLE LABS AND R3 CONSORTIUM REACH SETTLEMENT appeared first on Payments Cards & Mobile.