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
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
Payment processor Adyen is moving beyond merchant acquiring by adding prepaid card issuing services. Adyen, which built all of its merchant acquiring technology,...
