{"id":4827,"date":"2020-03-18T17:02:39","date_gmt":"2020-03-18T17:02:39","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4827"},"modified":"2023-02-13T09:29:09","modified_gmt":"2023-02-13T16:29:09","slug":"rbi-to-regulate-payment-aggregators-shopify-supports-3d-models-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/rbi-to-regulate-payment-aggregators-shopify-supports-3d-models-news-roundup\/","title":{"rendered":"RBI to Regulate Payment Aggregators; Square Gets Conditional FDIC Approval: News Roundup"},"content":{"rendered":"\n

PaymentFacilitator\u2019s News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

Regulatory Revamp<\/h4>\n\n\n\n

RBI issues plans to supervise payment aggregators.<\/strong> The Reserve Bank of India released new guidelines this week detailing how it plans to change its regulation of payment aggregators. The bank provided new application criteria and new direction for the subset of payments companies, including governance, technology, security and operational requirements. From <\/em>The Economic Times<\/em><\/a>.<\/em> <\/p>\n\n\n\n

<\/p>\n\n\n\n

POS Evolution<\/h4>\n\n\n\n

Ghana\u2019s QR payments launching soon.<\/strong> Ghana\u2019s\ngovernment says it is ready to become the first African country to establish a\nuniversal QR code system to enable businesses to accept digital payments\nwithout POS devices. Consumers will be able to scan any QR code displayed at a\nmerchant location to make their payment. The launch is planned to take place\nthis month. From <\/em>GhanaWeb<\/em>.<\/em><\/p>\n\n\n\n

\u201cAsset-lite\u201d technology could be India\u2019s acquiring news story of 2020. <\/strong>In its annual report on the state of digital payments in India, Worldline predicts that \u201casset-lite\u201d technologies \u2013 digital payment solutions to accept all forms of payment using merchants\u2019 mobile phones rather than traditional POS systems \u2013 will be the \u201cgame changer\u201d for merchant acquiring during 2020. The technology\u2019s lower cost, ability to add new revenue streams and convenience are likely to drive its mainstream adoption, the company said. From <\/em>Worldline<\/em>.<\/em> <\/p>\n\n\n\n

<\/p>\n\n\n\n

Fintech Forward<\/h4>\n\n\n\n

FamPay raises $4.7 million for teen payment app. <\/strong>FamPay,\na startup that has developed a payments app for teenagers in India, just raised\n$4.7 million in seed funding. The app provides a way for teens to make\npurchases digitally online and in stores without first setting up a bank\naccount. The company plans to use the funds to help build out its engineering\nteam and develop its technology. From <\/em>YourStory<\/em><\/a>.\n<\/em><\/p>\n\n\n\n

Smartphone maker Lava enables payments for feature\nphones.<\/strong> India-based smartphone company Lava has launched a payment option for\nusers of its feature phones. The app works without an internet connection. It\nenables users to enter the phone number of the person they would like to send money\nto and enter a transaction passcode to make a payment. Users can also check\naccount balances and perform other banking and payment functions through the\napp. From <\/em>Hindustan\nTimes<\/em><\/a>.<\/em> <\/p>\n\n\n\n

Buy-now-pay-later capabilities come to France.<\/strong> French consumers can now buy now and pay later through a new startup, Alma, which underwent a $14.1 million funding round. The company operates similarly to Klarna, which does not have a presence in France. Merchants who offer the payment option are paid instantly while consumers can spread out their payments. From <\/em>TechCrunch<\/em><\/a>.<\/em> <\/p>\n\n\n\n

<\/p>\n\n\n\n

Industry News<\/h4>\n\n\n\n

Square: Square Receives Conditional FDIC Approval for Industrial Loan Charter Application for Deposit Insurance<\/p>\n\n\n\n

ControlScan: ControlScan Becomes One of the First PCI Software Security Framework Assessor Companies<\/a><\/p>\n\n\n\n

Fattmerchant: HindSite\nSoftware Partners with Fattmerchant to Create Seamless Payment Processing\nExperience for Field Service Industry<\/a><\/p>\n\n\n\n

AnywhereCommerce: AnywhereCommerce\nAnnounces a Partnership with FroogalPay to Activate Payment Processing at\nStadiums and Arenas Across the US<\/a><\/p>\n\n\n\n

ClientPay: ClientPay\nPartners With Deltek, Offering Customers The Ability To Streamline Credit Card\nAcceptance And Accelerate Cash Flow<\/a><\/p>\n\n\n\n

Shopify: Announcing Native Support\nfor 3D Models and Video on Shopify<\/a><\/p>\n\n\n\n

Mastercard: phos\nand Mastercard Enable MSMEs to Accept Digital Payments<\/a><\/p>\n\n\n\n

Wirecard: Wirecard\nand Klarna Launch Joint Payment Solution for Merchants<\/p>\n\n\n\n

RunSignup: RunSignup\nReleases Tools for Coronavirus Emergency Planning<\/a><\/p>\n\n\n\n

PAR Technology Corporation: PAR\nTechnology Corporation Announces 2019 Fourth Quarter and Full Year Results <\/p>\n\n\n\n

Karma Payments: Nonprofits\nCan Now Rent Technology to Boost Fundraising<\/a><\/p>\n\n\n\n

Karma Payments: New\nPartnership Creates Comprehensive Payment Solutions for Vending and Nonprofits<\/a><\/p>\n\n\n\n

Innoviti: Innoviti\nIntroduces Cloud Payment Reconciliation Technology to Provide Single Integrated\nView of Wireless Instore Payments <\/p>\n\n\n\n

athenahealth, Inc.: Healthcare\nConsumers Increasingly Making Payments Online, New athenahealth Research Shows<\/a><\/p>\n\n\n\n

Barclays: State\nof the Industry: Global Financial Services Players Yet to Align on Key Issues\nof Collaboration, Innovation and Cybersecurity<\/a><\/p>\n\n\n\n

Nets: Nets\nAcquires Leading Polish Payment Provider Polskie eP\u0142atno\u015bci (PeP)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PaymentFacilitator\u2019s News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[191,229,287,502,642,646,725,737,742,749,768,793,989],"class_list":["post-4827","post","type-post","status-publish","format-standard","hentry","category-archive","tag-controlscan","tag-digital-payments","tag-fattmerchant","tag-mastercard","tag-payment-aggregators","tag-payment-facilitators","tag-qr-codes","tag-rbi","tag-regulation","tag-reserve-bank-of-india","tag-runsignup","tag-shopify","tag-worldline"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4827"}],"version-history":[{"count":7,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4827\/revisions"}],"predecessor-version":[{"id":9110,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4827\/revisions\/9110"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4827"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}