This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. New data from EMVCo, the organization of major card networks that creates and enforces the global EMV security standard, indicates how immature the U.S. Show More Summary
By Nadine Hoffmann, Global Head of Payments, SAP SE and Raimund Gross, Innovation Manager & Futurist, SAP When bitcoin was released in 2009, it fundamentally changed the way that people think about money and financial transactions. And while bitcoin never became as universal as it hoped to be, the system behind [...]
How do you compete with China’s homegrown social payments giants? Veteran entrepreneur Jeremy Allaire, co-founder of US based social payments app Circle, reckons you don’t; not like for like in the domestic Chinese market… Read More
The service is laying the groundwork to enable global renminbi payments, a process that the CEO admits could take years, but targets what is projected to soon become the world's dominant economy.
The financial tech, or fintech, boutique investment bank FT Partners has hired Stephen Stout as a managing director. Stout joins the firm from the payment tech company First Data, where he was global head of strategy and spearheadedShow More Summary
Singapore and Australia will be first countries to access Samsung Pay through Citi partnership Samsung Electronics Co., Ltd. and Citi today announced they are extending their global partnership to deliver Samsung Paywithin the Asia Pacific region, specifically in Singapore and Australia. Show More Summary
China's decision to open its door to allowing domestic payments to be cleared through Visa and MasterCard is a sign that Beijing wants to expand its global clout, Russian expert Mikhail Belyayev told Sputnik.
Apple Pay is “struggling” to succeed outside of the U.S., according to a new article from Reuters. The report notes that Apple has made “only a small dent” in the global payments market, due in part to technical challenges, low consumer adoption, and resistance by banks to embrace the new payment technology. Show More Summary
Eighteen months ago, Apple Pay took America by storm - but the company has made only a small dent in the global payments market. ||| New York - More than 18 months after Apple Pay took the United States by storm, the smartphone giant...Show More Summary
Apple Pay is seeing a lukewarm reception in many countries outside of the United States and is making just a "small dent" in the global payments market, according to a new report from Reuters. In 2015, Apple Pay usage totaled $10.9 billion, most of which came from the United States. Show More Summary
By Matt Siegel, Jeremy Wagstaff and Eric Auchard (Reuters) - More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks. Show More Summary
Global compliance is emerging as a more important offering for under-the-hood tech processing companies. Emerging European privacy laws pose a real risk to American companies, even if they don’t have physical locations across the pond. Show More Summary
BlackBerry Limited (NASDAQ:BBRY; TSX: BB), a global leader in secure mobile communications and Digitsecure, a leading mobility, identity and payments platform company today announced that they are bringing the immediacy and reliability of BBM™ to HotRemit digital money transfers in India. Show More Summary
A few months ago, we reported the incredible story of how hackers stole $100 million from Bangladesh Central Bank by way of the New York Federal Reserve. Now, thanks to a little noticed lawsuit, details are emerging that hackers hadShow More Summary
ON THE WEB Is Friendly Fraud Spoiling the EMV Transition? - FIS Payments Leader Blog (Brian Beacom) - ""It was never meant to be like this. The global migration from magnetic stripe cards to the more secure chip-embedded cards was intended to add another layer of security against fraud. Show More Summary
ON THE WEB World’s largest payments network Visa plans blockchain push from India - Economic Times - "Visa, which is globally also betting big on blockchain —the underlying technology that powers crypto-currency Bitcoin — is also planning...Show More Summary
GENEVA (AP) — A Swiss town that is billing itself as a hub for the digital currency industry will accept bitcoin for some payments starting this summer, in what proponents call a worldwide first by a government body and a sign that "crypto...Show More Summary
As more companies operate globally, they need a way to move low-value high-volume payments inexpensively.
Uber has partnered with Chinese online payment platform Alipay and its Indian equivalent Paytm to enable Uber users from both countries to seamlessly hail and pay for a cab ride in all the cities where Uber operates. While Uber's global...Show More Summary
Since becoming a worldwide phenomenon in 2008, Bitcoin and digital currency have remained at the forefront of ever-evolving changes in the payments industry. A once obscure digital currency has sparked not only global interest, but also...Show More Summary