On 9th July 2014, leader in Intelligent Mobile APIs – XRomb Inc. – announced that they had been awarded with Patent 8,763,896 by the US Patent Office. This basically covers the most user friendly way of loading credit card information into mobile apps. "This patent makes claims in connection with...
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Yesterday (9th July, 2014), mPOS provider – iZettle – announced that they had secured an additional $6.8 Million (€5 Mn) to its Series C Round through Hasso Plattner Ventures. The Series C round was led in May by Zouk Capital (London based growth investors) with participation from Intel Capital, Dawn...
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Recently, Spanish Bank BBVA announced that it is the first global banking group to commercially launch mobile NFC payments based on new cloud-based payment specification from Visa. “Our employees and some of our customers, who are the most active users of BBVA Wallet in Spain, are already using this latest...
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Synchrony Financial Invests in Mobile Payment Startup LoopPay, Inc.Strategic investment underscores credit card provider’s commitment to growth in emerging payments space *Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the Synchrony Financial business. The name change is currently in process...
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Almost $1.36 Billion (£1 Bn) is being transacted via mobile and internet banking everyday by consumers in the UK, according to a new report by BBA and Ernst & Young. Internet and mobile banking is now utilized for transactions worth $8.71 Billion (£6.4 Bn) a week – up from $7.8 Billion...
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Yesterday (8th July, 2014), leader in global payments – Bank of America Merill Lynch – announced the availability of a new payments capability on their worldwide banking portal, CashPro Online. “We’re pleased to add this new capability to CashPro Payments and extend the available options that clients have to initiate...
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On 7th July 2014, leading global online payments provider – Optimal Payments – announced that it had become the official sponsor of Crystal Palace for the 2014-15 and 2015-16 seasons of the English Premiere League. “We are delighted to be the official sponsor of Crystal Palace and recognise similarities between...
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I think it is safe to say that ISIS Wallet – the joint venture from Verizon, AT&T and T-Mobile – has had a rocky journey from its very inception. It also received a lot of flak for going up against Google Wallet. On 7th July 2014, the company announced its...
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Yesterday (7th July, 2014), global leader in seamless payment – Ingenico - announced its sponsorship of Seedstars World. This is a global competition that is designed to recognize as well as support innovative startups in emerging markets. Our engagement in the Seedstars World project demonstrates our commitment to local development...
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It was revealed today that, in order to facilitate public service and boost the convenience of foreigners who are transacting official business at the Bureau of Immigration (BI) offices, various fees and dues may soon be paid through the use of automated teller machine (ATM) card or prepaid card. The “cashless...
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Money is an integral part of our everyday life as it enables commerce and touches everything we do. Even after all the advancements in technology and automation, majority of transactions in India happen in cash (97%+). So when we decided to do a payments hackathon, so many entrepreneurs and payments companies...
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Safwan Zaheer is the Director of Mobile Payments and Commerce strategy at Barclays US where he leads commerce product planning and strategy team. The team launched a mobile payments wallet in two target markets in US receiving national recognition as the 1st bank to launch a mobile wallet. He is a...
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