Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Dec 6, 2019

FIS Announces the Pricing Terms of its Pending Maximum Tender Offer

The pricing terms of the cash tender offer previously announced by FIS for up to an increased aggregate maximum repurchase amount of $811,972,000 are described in the Offer to Purchase, dated November 21, 2019. > See Article

Dec 5, 2019

Visa to Launch New Certification Program to Support Payment Industry Professional Development

Visa Inc. will fund up to 500 scholarships that can be used toward obtaining this new professional certification. Individuals will be trained to resolve disputes, a role that is currently in high demand across the payments ecosystem. > See Article

Dec 5, 2019

JPMorgan Chase, and Envestnet Yodlee Sign Agreement to Increase Customers’ Control of Their Data

Envestnet Yodlee will send 100% of its requests for Chase customer data through the bank’s secure API, ensuring that apps can receive the Chase customer data they need while customers control what’s shared with whom. > See Article

Dec 5, 2019

Grab Launches Asia’s First Numberless Card

The digital GrabPay Card is available in Singapore starting today and will be rolled out in batches. Users can apply for the physical numberless card after receiving their digital card. > See Article

Dec 4, 2019

PCI Security Standards Council Publishes New Standard for Contactless Payments

The new data security standard lets merchants accept contactless payments using a commercial off-the-shelf  mobile device (e.g., smartphone or tablet) with near-field communication.  > See Article

Dec 4, 2019

MoneyGram Expands Cross Border P2P service with Visa Direct

This service is now available to Spain and the Philippines. As a result of the launch, MoneyGram is the first company in the industry to enable cross-border transfers from the United States using Visa Direct. > See Article

Dec 4, 2019

Bluefin Announces the Addition of New PCI-Validated Point-to-Point Encryption Devices

The company added AMP, Equinox, ID Tech, Ingenico, and Verifone P2PE certified devices. > See Article

Dec 4, 2019

Jack Henry & Associates Introduces Near Real-Time Card-Funded Bill Payments

The JHA Payment Solutions group has announced iPay CardPay, an enhancement to its consumer bill pay product that enables financial institutions to provide near-real-time card-funded bill payments using credit and debit cards as an alternative funding option. > See Article

Dec 4, 2019

Fingerprint Cards collaborates with Valid to launch contactless biometric payment card integrating T-Shape

The card features Fingerprints´ T-Shape module which is part of the 1300-series. It has ultra-low power consumption and is tailored to be integrated in smartcards using standard processes. > See Article

Dec 3, 2019

Luxury Card Releases Updates to Its Mobile App

Exclusive to Luxury Card members, the app features 24/7 instant live chat with Luxury Card Concierge specialists available to handle any and all requests. > See Article

Dec 3, 2019

FICO Platform Supports Care by Volvo

Volvo Cars selected FICO Decision Modeler to digitize and accelerate the customer onboarding process for its new vehicle subscription service, Care by Volvo. For a monthly fee, customers are provided with a new Volvo that is inclusive of service, maintenance, and insurance coverage. > See Article

Dec 3, 2019

Credorax Partners with Raisin to Offer Exclusive Banking Products to German Market

Raisin customers will be able to access retail deposit offers, creating savings opportunities with higher interest rates. > See Article

Dec 3, 2019

Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting

The statement from the Federal Reserve Board (Federal Reserve), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) notes the benefits that using alternative data may provide to consumers, such as expanding access to credit and enabling consumers to obtain additional products and more favorable pricing and terms.  > See Article

Dec 2, 2019

Klarna Selects AWS as Its Preferred Cloud Provider

Klarna is leveraging AWS´s global infrastructure to increase redundancy and fault tolerance as it continues to scale its business, growing from a startup into a global company that supports 60 million customers across 170,000 merchants in 17 countries. > See Article

Dec 1, 2019

SBC Wallet Cards Now Issued by Softbank

The SBC Wallet Card utilizes its own encryption system, realizes multiple encryption mechanisms, and can realize hot and cold wallet functions. > See Article

Nov 27, 2019

PayPal and Mastercard Extend Instant Transfer to Singapore and Europe

Through Mastercard Send, PayPal customers can transfer funds from their PayPal wallets to their Mastercard cards in real time. > See Article

Nov 26, 2019

Travelex Expands ATM Acceptance to Major Global Payment Schemes With Transaction Network Services

The company will use TNS´s managed hosting service to maintain its Switch transactions and will now accept JCB, Discover, DCC, and UnionPay cards. > See Article

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