Category: Archive | Page 27

QR Code Payments Drive Megabank Partnership in Japan

Japan’s top three banks have come together to drive the push towards cashless. Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Financial Group aim to unify a QR code specification in an effort to standardize a smart phone QR-based payment system across the participating banks.

Mastercard Showcases PF Support at India Event

Mastercard has introduced two initiatives to support the PF community in South Asia. It plans to launch an awards program and a payment facilitator council this year.

“Match Made in Heaven”: PF Partnership Enables Parishioner Payments

The Church of England is going cashless with the help of PFs iZettle and SumUp.

The church announced this week that a partnership with the two companies would enable churches across England to accept cashless payments for events, church and hall bookings, and one-off donations.

Supplement KYC Efforts Using Corporate Registration Research

As Know Your Customer (KYC) regulations become increasingly critical in the underwriting process, payment facilitators may seek to better understand high-risk merchants by collecting information separate from what is provided by the applicants themselves. Corporate registration records offer reliable, useful data that may help to paint a more complete picture than application information alone. Knowing where to look and what to look for may lead to more effective Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) efforts.

Adyen, SafeCharge and BlueSnap Expand Their Footprints

Payments platform Adyen announced the launch of its POS offering in Singapore and the subsequent expansion of its unified commerce footprint. SafeCharge also reports significant growth numbers and BlueSnap’s all-in-one platform solution has grown ten-fold year over year.

MINDBODY to Acquire Booker Software

Software provider MINDBODY has agreed to acquire Booker Software for about $150 million, the company announced this week.

App Data to Drive Risk Assessment for New Grab Fintech Platform

Grab – the Singapore-based company that started out as a ride-hailing app and became a payments platform – is expanding further into financial services.

Square’s Cash App Enables Direct Deposit; Stripe acquires POS Startup Company Index: News Roundup

Global brand Square moves one step closer to offering full-fledged banking services while Stripe acquires POS startup Index. And in other news, Mastercard completes its acquisition of Oltio and EverCompliant secures investment from American Express.

WeTravel on a Trek to Easier Payments for Travel Businesses

For organizers of group travel, payments platforms that were built for selling products just don’t always cut it. Seeing the opportunity to turn manual processes into something much simpler, the founders of WeTravel have created an online payments system that serves the specific needs of travel organizers and small and medium-sized B2B travel companies.

PFs Attract Investment Dollars with Faster Onboarding, Better Client Experience

An analysis released by Accenture last week indicates that 2017 was a record year for global investment in financial technology, which rose 18 percent to a total of US$27.4 billion. In the U.S., the firm said, most of the investment went to lending and payments startups – collectively accounting for 60 percent of the country’s total.