April 3, 2015
Here’s what you might have missed on LTP this week, March 30th, 2015 - April 2nd, 2015:
By utilizing the integration of PAY.ON’s flexible and secure payment infrastructure, NMA plans to expand its cross-border connectivity into the Canadian market and beyond.
On October 20th 2014, Bank of England experienced a disruption of the Real Time Gross Settlement system. After a 9-hour service disruption the system was restored, and an independent review was initiated to discover the cause(s) of the incident.
A recent report by the Federal Reserve Board has revealed new statistics of mobile banking usage. Mobile banking has become one of the most available forms of banking, accessible by those who normally wouldn’t have convenient access to banking facilities.
With the plethora of changes and innovations sweeping through the payments market recently, we decided to take a look at 3 game changing players: ClearXchange, NXP, and Feedzai.
Here are seven companies and collaborations making innovative use of mobile payment solutions in the transit market:
Vodafone is bringing full mobile wallet capabilities to its European users. Consumers will be able to load payment cards onto their NFC enabled Android phones, along with loyalty cards.
Samsung has no intentions of letting Apple or Google leave it behind in the mobile payments space. After introducing Samsung Pay to compete with the two tech giants’ mobile wallets, Samsung recently revealed patents for a smartwatch utilizing biosignal verification.
FIs and MNOs, in recent years, have attempted endeavors outside their primary competencies. Instead of spending resources on initiatives that stretch their capabilities, why not learn from another older industry instead?
Zumigo Corporation, Visa, and BillGuard are all taking steps to bring you safer transactions in this day and age through geo-location technologies. These include innovate solutions ranging from usage-location tracking, to GPS verification with a registered smartphone when making a purchase.
The contactless Octopus Card was originally launched as a way to pay for public transport in Hong Kong—it can now be used to make purchases at over 13,000 retail outlets and 6,000 service providers. Maybe there’s hope for a mainstream Apple Pay yet.
Bank of America has quite a few patents swimming around, and one of them seems to involve letting you Facetime a bank-teller from an ATM. This could lead to quicker and simpler troubleshooting and reduce wait times at your favorite local ATM.
PayPal almost got itself into a bit of trouble the other day, as a result of inadequate screening on a few transactions. The hiccup will cost PayPal a $7.7 million fine to the U.S. government, which has been cracking down on financial institutions as of late.
Here are eight secure bitcoin wallets currently on the market you may not have known about:
Ingenico has all of its bases covered with its newest mPOS solution the RP450c. This piece of hardware will be capable of accepting payments through Mag Stripe, EMV, and NFC.
Oxigen is looking to expand, and it has its eyes set on the payments & remittance market. It is currently awaiting its payments bank license from the Reserve Bank of India, and wishes to be part of the Indian government’s financial inclusion program.