Icon Solutions has today announced the appointment of James West, Head of Payments' Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.
US-based Forage has disclosed a collaboration with Uber Eats to facilitate payment processing of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefit Transfer (EBT) payments
EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.
Tokenised money is on the horizon in numerous countries. This week, the Bank of England's Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.