BayPay Members Blogs

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EBA assesses impact of fintech on payments institutions and EMIs

(The Paypers) The European Banking Authority has published a report on the impact of FinTech on payment institutions' and electronic money institutions' business models. Original link
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USD 556 mln lost by Punjab National Bank to fraudulent buying

(The Paypers) The Wall Street Journal has revealed that Punjab National Bank had been defrauded USD 556 million from a borrower, Bhushan Power & Steel . Original link
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ACI Worldwide solution powers financial inclusion for Egyptian Banks Company

(The Paypers) ACI Worldwide has announced that Egyptian Banks Company (EBC) has completed its transition to the latest version of ACI’s UP Retail Payments solution. Original link
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People's Bank of China creates digital currency in response to Libra

(The Paypers) The South China Morning Post has reported that China’s central bank is developing its own digital currency in response to Facebook’s Libra. Original link
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Ipsidy offers biometric identity options with its Identity Portal

(The Paypers) Ipsidy has revealed its Identity Portal, a web-browser interface for enterprises with a rapid implementation option for biometric identity solutions. Original link
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Neo gets approval to launch corporate multi-currency accounts

Neo has been authorized to offer a multicurrency account for corporates. Neo will now create a PSD2 payment institution which will be supervised by the Bank of Spain. Neo...
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Reaching another mile stone in Open banking

Eleni Coldrey, Business Development Director - EMEA, Equinix, speaks at EBADay 2019 in Stockholm about her highlights from the event, how Open banking has evolved, how the Nordics has received...
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British Airways faces £183m fine over data breach

British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of...
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Travel tech outfit Procon Solution signs with Conferma Pay

Mid and back office travel technology provider, Procon Solution, today announced their partnership with Conferma Pay, a global leader in virtual payments technology. The partnership will provide Procon and...
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incuto named as tech partner for UK Treasury savings scheme

Fintech incuto, the next-generation banking platform for credit unions and community-based banks and lenders, has been selected by HM Treasury as the sole technology partner for the two-year pilot of...
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Online payments consumers prioritise security over speed - Equifax

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert Two thirds (66%) of people...
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Iconic San Francisco Retailer Acquired


Gump's San Francisco is once again a family-owned business. The 158-year-old luxury retailer has been acquired by the Chachas family and will be relaunching this fall. Original link
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Whole Foods Gets In On Prime Day Madness


The grocer is offering a host of discounts and special promotions building up to the annual event. See how Whole Foods is working hand-in-hand with Amazon to ensure Prime Day once...
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Is Your End Game Beer or Laundry Detergent?


A typical large grocery retail location might have anywhere from 60,000 to 300,000 SKUs, and only 36 endcaps. Knowing how to pair and price items to impact sales and margins often...
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Walmart Will Reportedly Lose $1 Billion on E-Commerce This Year


How Walmart Uses Computer Vision Walmart has been implementing computer vision technology in new ways, including one use at the checkout for the last two years. Original link
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Kroger’s Digital Sales Soar, Will Serve Entire Nation by Year’s End


The nation’s biggest grocer continues to scale its reach thanks to digital and fulfillment initiatives that will put it in front of every U.S. consumer by the end of the year....
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UK fintech Soldo raises €54m for Dublin move

A London-based startup that has migrated most of its operations to Ireland ahead of a possible Brexit has raised €54m to help funds its relocation. Soldo, which provides a software...
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Innovation 2.0: ATMs in the 21st Century

High ATM
Innovation is reshaping global financial services. From how they are consumed, to who offers them and how they’re structured, we live at a time when new ideas and new approaches to...
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Deutsche Bank to spend €13bn on tech amid massive job cuts

Deutsche Bank has announced swingeing job cuts as part of a radical overhaul of its operations that will also see it spend €13bn on new technology over the next four...
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The FCA proposes to ban crypto-derivative sales to retail clients

(The Paypers) The United Kingdom’s Financial Conduct Authority has proposed to ban the sale, marketing and distribution in or from the UK to retail persons of all crypto-derivatives. Original link
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