BayPay Members Blogs

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UK regulator follows Europeans to float additional time for SCA compliance

June 28, 2019 The U.K. Financial Conduct Authority said it would offer additional time for companies to comply with the Strong Customer Authentication rules that are scheduled to go into effect...
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Deepening The Banking Customer Relationship Through Voice Commerce

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Mastercard, ING Turkey enable micro businesses to convert smartphones into POS devices

June 28, 2019 Mastercard and ING Turkey announced a collaboration that allows micro businesses and SMEs to convert their Android smartphones into point-of-sale devices for contactless payments.  The companies said that...
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Bank of America introduces digital debit card

June 27, 2019 Bank of America has rolled out a digital debit card in its mobile banking app.  Although customers use it similar to how they use physical debit cards, the digital...
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Ebay opens up APIs for managed payments to third-party developers

June 27, 2019 Ebay announced that it would open up its managed payments program to third-party developers by issuing new payments APIs, a move that will allow faster payouts and enhanced...
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European payments firm SIA to provide contactless POS in Greece's Market In grocers

June 27, 2019 SIA, a European payments technology firm, has signed a 5-year agreement with Market In, a retailer in Greece, to enable contactless payments at more than 1,000 POS terminals in...
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Plouton Mining to build solar powered Bitcoin mining facility

June 27, 2019 Plouton Mining plans to build a solar-powered bitcoin mining facility in Western Mojave, California. The panels will take up 49 of the 50 acres of the facility and...
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Paysafe to bring Rapid Transfer service to US under partnership with Skrill


June 27, 2019 Paysafe Group announced an agreement to bring its Rapid Transfer online bank transfer service, which operates in 18 European countries, into the U.S., under a partnership with Miami-based Skrill...
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The jury's still out on cashierless stores


Are cashierless stores the future of retail? Amazon Go put the retail industry on notice in early 2017 when it opened its first cashierless store to the public. Since then, a...
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Semafone launches omnichannel payment technology that uses secure hyperlinks

Semafone launches omnichannel payment technology that uses secure hyperlinks
June 27, 2019 Cardprotect Relay+ allows merchants to accept multiple payment methods. Infographic courtesy of Semafone. Semafone, a provider of data security and compliance for call centers, announced the launch of...
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Visa to pilot point-of-sale financing with merchants, banks across globe

June 27, 2019 Visa announced a pilot program to test point-of-sale financing for cardholders in different markets around the world.  Visa will issue a series of new APIs under the program,...
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Grab raises additional $300 million to expand financial services and food delivery

June 27, 2019 Grab, the Southeast Asian ride hailing, mobile payments and food delivery app, said it raised another $300 million in funding from Invesco Ltd., putting the company on track...
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Credit Agricole, G+S launch biometric pilot in France with Mastercard


June 26, 2019 French banking group Credit Agricole is launching a pilot with Germany's G+D Mobile Security to test whether biometric payment cards using a fingerprint reader can help secure higher...
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NuData co-founder Bailey tapped as CEO following retirement of Giasson

June 26, 2019 NuData Security, a Mastercard subsidiary, announced that co-founder Christopher Bailey has been named chief executive officer, succeeding Michel Giasson, who is retiring as CEO after 12 years, according...
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Square delivers Bitcoin deposits

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The role of mobile smartphones in identity verification
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June 26, 2019 Square, a payments company, has integrated Bitcoin deposits into its Cash App. The company previously integrated Bitcoin buying and selling in November 2017, according to a report by...
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India-based fintech Open raises $30 million led by Tiger Global to expand SME banking

June 26, 2019 Open, a Bangalore, India-based fintech, said it raised $30 million in Series B funding led by Tiger Global Management to expand its core business banking service and expand into...
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Car IQ raises $5 million in Series A funds to develop autonomous payment gateway

June 26, 2019 Car IQ, a firm that specializes in vehicle payment technology, closed $5 million in Series A funding, led by Quest Venture Partners, to create an autonomous payment gateway,...
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Bitcoin's value climbs to nearly $13K

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The role of mobile smartphones in identity verification
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June 26, 2019 Bitcoin's value is continuing to rise, reaching a height of nearly $13,000 today before settling at around $12,600, according to multiple reports . The cryptocurrency has been steadily...
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ACI Worldwide launches instant payment service via Mastercard Send, Visa Direct

June 26, 2019 ACI Worldwide announced the launch of a service called ACI Disbursement Services, which allows businesses to send payments directly to customer debit cards, according to a press release. ...
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UberEats teams up with Olo to simplify third-party delivery

June 26, 2019 Uber Eats has partnered with Olo, a digital food ordering platform for the restaurant industry, to integrate directly into the POS of restaurant brands via Olo Rails. The partnership allows...
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