BayPay Members Blogs

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Trump trashes Bitcoin, Facebook Libra

July 12, 2019 President Donald J. Trump late Thursday  tweeted out that he was "not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly...
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Podcast Episode 18: Earned income: Early access


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July 12, 2019 | by David Jones Subscribe to the Podcast: SoundCloud | YouTube | iTunes   Today's podcast is sponsored by... Are you a supplier or a brand working to...
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Chase, HSBC executives headlining BCX Summit

Executives from two of the country's largest banks, JPMorgan Chase and HSBC Bank USA, will keynote the upcoming Bank Customer Experience  Summit, a two-and-a-half day event, Sept. 23-25 in Chicago, focusing on...
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Visa launches tokenization to help reduce fraud, friction in online transactions

July 12, 2019 Visa Inc. said it is implementing tokenization ahead of the fall shopping frenzy as a way to make shopping more secure and frictionless for consumers.  Visa announced in a...
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Bitpoint Japan suspends operations after hackers steal $32 million from crypto wallet

July 12, 2019 Cryptocurrency exchange Bitpoint Japan Co. suspended operations after it lost more than $32 million (3.5 billion yen) in an unauthorized leak from its hot wallet,  The breach, reported...
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Samsung Pay enters partnership with Indian loan marketplace Paisabazaar

July 12, 2019 Paisabazaar.com, an online financial marketplace in India, said it signed an agreement with Samsung that will allow Samsung Pay users to apply for loans and credit cards using...
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N26 launches mobile banking app in US under partership with Axos Bank, Visa

July 11, 2019 N26 GmbH, the startup challenger bank based in Germany, launched its N26 Inc. mobile banking service in the U.S., under a partnership with Axos Bank and Visa.  The mobile...
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Bronx-based Monroe College faces $2 million bitcoin demand after ransomware attack

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As PSD2 deadline draws near in Europe, calls for delay grow louder
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July 11, 2019 Monroe College in The Bronx was hit by a ransomware attack, where the hackers demanded $2 million in bitcoin, according to a new report by the New York Daily...
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Domino's to test cashless in-store, delivery in Australian pizza shops

Domino's to test cashless in-store, delivery in Australian pizza shops
July 11, 2019 Domino's will test Tap & Take cashless stores at five Australian locations Domino's Pizza Enterprises Ltd., said it will launch a cashless Tap-and-Take trial for in-store purchases and...
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Mastercard, Zoho extend small business partnership to additional global markets

July 11, 2019 Mastercard and Zoho announced an expansion of their existing partnership to provide additional products and services to small businesses.  The companies launched a program in October 2018 in...
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Widening Cloud Services Raise Data Breach Concerns I Cybercriminals I Security I Cyber-attacks I Infrastructures

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As PSD2 deadline draws near in Europe, calls for delay grow louder

As the mid-September deadline draws closer for a major transition of customer authentication rules for ecommerce transactions in Europe, a growing number of voices are seeking a pause to prevent what...
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UK, French leaders express doubts on Facebook's Libra

July 11, 2019 Since the announcement of Facebook's virtual currency Libra , multiple government officials from France and the U.K. have expressed doubts about the currency's security and ethics. The G-7,...
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Alipay, WeChat Pay expand overseas mobile wallet integration to London's Harrods

July 11, 2019 RiverPay Inc. announced that it was facilitating payments for Chinese mobile wallets Alipay and WeChat Pay at Harrods flagship Knightsbridge department store in London.  The new agreement is part...
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Social payment app VibePay sets September launch following UK regulatory approval

July 11, 2019 VibePay, a London-based peer-to-peer app, has received regulatory approval from the U.K. Financial Conduct Authority, the company announced in a press release.  VibePay, which allows users to socially...
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Marriott International fined $123.7 million by UK regulator over 2018 data breach

July 10, 2019 Marriott International Inc. faces a $123.7 million (99 million Briitsh Pounds) fine by U.K. regulators over the massive 2018 data breach involving personal information of more than 339...
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Remitly raises $220 million in funding to boost international expansion

July 10, 2019 Remitly, a digital money transfer service, said it raised $220 million in financing that will be used to accelerate the company's international expansion and also expand into new...
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Mastercard partners with Evolve Bank on advanced access to paychecks

Mastercard partners with Evolve Bank on advanced access to paychecks
July 10, 2019 Infographic courtesy of Mastercard Mastercard announced that it is using Mastercard Send technology to give hourly and gig workers early access to their earned wages under a partnership...
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Chime restores service after customers report mobile banking disruptions

July 9, 2019 (Updated at 4:43 p.m. EDT) Chime said it had resolved series of outages that left customers unable to use their mobile banking app since Monday. The San Francisco-based digital bank...
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Wex expands DriverDash mobile payment platform to thousands of Shell gas stations

Wex expands DriverDash mobile payment platform to thousands of Shell gas stations
July 9, 2019 Customer using DriverDash mobile app to pay for fuel Wex Inc. entered an agreement with Shell Oil Co. to make its Wex Fleet DriverDash mobile fuel payment platform...
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