BayPay Members Blogs

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EU consumers putting their trust in tech for money management

Europeans could avoid paying up to £7 billion in financial charges every year thanks to digital innovation helping them better manage their finances, according to international money transfer company Azimo. Azimo’s ne......
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The pound will not be round, or maybe around, for much longer

As the new 12-sided £1 coin enters circulation, a survey shows that a third of Brits think that cash will be obsolete within just three years. The Royal Mint is giving ......
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Lending platform Bitbond and payments outfit BitPesa partner to boost financing for African SMEs

Global SME lending platform Bitbond and African payment services provider BitPesa announced today that they are joining forces to improve access to financing for SMEs in Africa. Bitbond, which is based......
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US Supreme Court rejects effort to revise $5.7bn interchange settlement

The US Supreme Court has refused to revive a $5.7 billion class action settlement between millions of retailers and Visa and MasterCard over interchange fees. The court turned away an appeal......
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The API opportunity and how to successfully innovate in payments

APIs are one of the most talked about topics in the industry. They present a new way of working which can speed up development and increase the amount of features an......
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Wells Fargo brings cardless transactions to 13,000 ATMs

Wells Fargo customers can now leave their wallets at home and instead use their mobile phones to make cash withdrawals at the bank's 13,000 American ATMs. From today, Wells' 20 million......
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Travelex deals in digital currency with Travelex Wire

Travelex, the world’s leading foreign exchange specialist, has today launched Travelex Wire, a digital international money transfer service. Simple, easy and quick to use, Travelex Wire allows customers to send money t......
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NXT-ID to acquire Fit Pay

NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a security technology company, and Fit Pay, Inc., a privately held provider of payment, credential management, and authentication platform services, today announced that......
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Alphavend installs second bitcoin ATM in London

Bitcoin ATM specialist, AlphaVend is pleased to announce the installation of its second London ATM, (the third nationally) strategically situated between Euston and Kings Cross underground stations. The UK’s largest independent h......
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Tradeshift adds AI layer to B2B commerce platform

Tradeshift, the world’s largest business commerce platform, today announced the release of Tradeshift Ada, the world’s first smart interface for B2B commerce that offers new automation capabilities to help users accelerate how......
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First Global and Zoompass form payments pact

First Global Data ("First Global" or the "Company") is pleased to announce that it has entered into a Letter of Intent ("LOI") with Zoompass Inc. ("Zoompass"), a wholly-owned subsidiary of Zoompass......
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Germany's KfW Bank explains $5.4 billion funds transfer lash up

Germany's KfW Bank says a system error led to the unintentional transfer of $5.4 billion to four counterparty banks in an automated cycle of repeat transactions. The German government-owned development bank......
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Mizuho and Marubeni forge Asean fintech partnership

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiya Kokubo, “Marubeni”) have agreed......
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MoneyGram files for confidential talks with Euronet

MoneyGram (MGI) today announced that it has entered into an Acceptable Confidentiality Agreement with Euronet Worldwide, Inc. ("Euronet") (EEFT) so that it can further consider Euronet's unsolicited proposal made on March......
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D+H takes European instant payment testing to the cloud

DH Corporation (DH.TO) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it is offering a cloud-based instant payments testing environment for the European market. The......
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Billon completes live distributed ledger pay outs in the UK

Billon, a Polish e-money transfer startup backed up by distributed ledger technology, is set to enter the UK market having completed a successful trial of a corporate payout system with consumer......
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We have a new website!

Hello! As you may have noticed, we recently completely revamped our website. Unfortunately, the page you are looking for no longer exists on the new site. That isn’t to say the content is......
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Innovation, Magic, and Image-Based Cheque Clearing in the UK

Good things come to those who wait, and the good news for those who have been waiting for the UK to roll out its image-based cheque clearing system is that th......
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Industry veterans form credit card company

A team of heavyweight financial services industry execs, led by Bank of America and capital One veteran Rob Habgood, are launching a consumer credit card business. The new firm, called Fair......
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Fiserv upgrades LoanServ

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, enhanced LoanServ, which provides comprehensive servicing with one workforce, one workflow, and one customer-centric approach to loan servicers of......
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