BayPay Members Blogs

This additional resource is sponsored by The BayPay Forum.

BSI publishes code of practice for digital identification and strong customer authentication

This new PAS is for organizations with regulatory requirements under the Second Payment Services Directive (PSD2) and related regulations. It covers how organizations can implement robust customer authentication processes. ...
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Samsung Pay integrates loan and credit card applications in India

Samsung has struck a deal with Paisabazaar, an Indian online marketplace for financial products, to let people apply for things such as credit cards and loans through Samsung Pay. The...
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Amazon Investing More Than $700 Million in Employee Training


As the competition for tech-savvy employees continues to heat up across the industry Amazon is taking a novel approach to winning in a tight labor market. Original link
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Charming Charlie Is Calling It Quits


The jewelry and accessories retailer has filed for bankruptcy for the second time in two years and has announced plans to close all of its nearly 300 stores. Learn the details...
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South Africa: Barko Financial Services partners with Temenos

(The Paypers) South African microfinance institution Barko Financial Services has chosen Temenos software to support its ambition to launch a retail bank. Original link
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WEX enables mobile fuel payments for Shell Fleet customers

(The Paypers) WEX has revealed that WEX Fleet DriverDash is now available to fleet drivers at Shell-branded locations across the US. Original link
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VibePay prepares for launch with FCA approval

(The Paypers) UK-based VibePay has been given the green light from the UK Financial Conduct Authority (FCA) to provide direct-to-bank payments using Open Banking. Original link
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P2P currency exchange app WeSwap bids for £2.3 million crowdfund raise

Currency exchange app WeSwap has launched a £2.3 million crowdfunding round on Seedrs after hitting the 500,000 user landmark. The raise will support a Series B investment round led by...
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The State of Payments: July 2019

A week is a long time in politics – a saying that is increasingly true for payments too. We are now two weeks into July 2019, so a good point perhaps...
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Bitpoint suspends operations following $32 million crypto hack

As if to prove Donald Trump's claim that cryptocurrencies are made out of thin air, up to $32 million worth of untraceable digital assets have disappeared from Japanese exchange Bitpoint...
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DIMOCO PSP becomes a licensed Mastercard merchant acquirer

(The Paypers) DIMOCO Payment Services has announced the completion of the process to become a member of Mastercard . Original link
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Trump weighs in on crypto

US president Donald Trump has turned his Twitter hose on cryptocurrency and Facebook's Libra, declaring himself unimpressed by bitcoin and warning the social media firm that if it wants to...
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Tencent leads Indian fintech NiYo Solutions's USD 35 mln Series B round

(The Paypers) India-based digital banking provider NiYo Solutions has raised USD 35 million in a Series B funding round led by Tencent and Horizons Ventures . Original link
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EPSM calls for 18-month extension to SCA rules under PSD2

(The Paypers) EPSM , a European payment services industry group, has called for a minimum 18-month delay to the introduction of Strong Customer Authentication (SCA) rules under PSD2. Original link
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Ramp raises EUR 1 mln to offer P2P fiat onramp

(The Paypers) Poland-based startup that offers fiat to crypto onramp service, Ramp , has announced that it is raising EUR 1 million in a pre-seed round. Original link
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ACH Network registers high quarterly growth

(The Paypers) The ACH Network has registered its highest quarterly growth rate in more than a decade during the second quarter of 2019, according to NACHA . Original link
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Blockpass, 2GoTrade partner to offer KYC services to Hong Kong brokers

(The Paypers) Digital identity verification provider Blockpass has announced a financial integration, providing its eKYC service to Hong Kong-based broker tech platform provider 2GoTrade . Original link
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OpenText, Mastercard team up to streamline supply chain finance

(The Paypers) Canada-based enterprise information management company OpenText has teamed with Mastercard to increase financial efficiencies across global supply chains. Original link
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Mastercard and OpenText partner to simplify supply chain finance

OpenText (NASDAQ: OTEX), (TSX: OTEX), a global leader in Enterprise Information Management (EIM) and Mastercard (NYSE: MA), a technology leader in the global payments industry, today announced a partnership to...
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N26 launches in the US

German digital bank N26 has launched in the US, beginning a phased roll out of its app-based account and debit card. Starting today, the firm is beginning to make its...
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