BankTech

Summary of Developments around Payments Banks in India

The Reserve Bank of India (RBI), India’s central bank, is now propagating differentiated banking licenses, reflecting a new line of thinking. RBI had previously released guidelines for licensing and setting up of ‘Payments Banks’ in India. This has been done with the aim of reformatting India’s financial inclusion space. Payments...

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Authentication & Security

Bluefin Payment Systems Introduces PCI-Validated Point-to-Point Encryption (P2PE) Solution for Mobile Payments

Bluefin is the first company in North America to offer a PCI-validated P2PE Mobile Payment Solution January 6, 2015 – Atlanta, GA – Bluefin Payment Systems, the leading provider of secure payment technology for enterprises, financial institutions and small to medium-sized businesses, announced today that its PayConex PCI-validated Point-to-Point Encryption (P2PE)...

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Enabling Technologies

10 Amazing Unconventional Commerce APIs

Typical commerce web services like customer information, merchandising systems, order history, search tools, product catalogs, etc. can be exposed to different consumer touch points, connecting through the application programming interface or APIs. These APIs provide a means of exposing core content and commerce functions in a programmatic way, over the...

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Authentication & Security

5 Important Updates & Charts on Bitcoin

Bitcoin seems to have left us high and dry. The virtual currency has hardly grazed the surface. If you compare transactions of Bitcoin with US corporate virtual currencies: Overall Bitcoin transactions in US are 12 times lesser as compared to unused gift cards We are not even comparing Bitcoin transactions...

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Lending

This Startup Has Raised $1.5 Mn, Offering Alternatives to Lending Products for the Underprivileged

The company behind Even, a mobile money management app, has raised $1.5 Mn in seed funding. The seed round was led by Khosla Ventures. The company offers low-income workers, awaiting paychecks, with interest-free credit. The company’s key services provide workers with alternatives to payday loans and other traditional lending products...

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BankTech

Payments APIs that Rocked 2014

The payments industry is embracing a range of disruptive payment systems that are changing the way we pay, especially as digital payments becomes mainstream. But the core of the payments systems is something that should not be ignored. A large no of developers is coding away to develop the next...

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BankTech

All the Apple Pay Commercials from 2014

Post the Apple Pay launch, the payments industry is looking at the Apple brand as a focal point in the mobile payments journey. A number of big banks in the U.S. have already jumped on the Apple Pay bandwagon. Financial institutions are looking at Apple Pay to become the next...

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BankTech

China Gets its First Online-Only Bank #Tencent

China has witnessed the launch of its first online-only bank, hinting at the government’s faith in privately owned lenders that can expand access to finance, especially for small-scale borrowers. WeBank, a joint venture led by Tencent, is the first private bank to start operations under the pilot program. The banking...

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