European Commission launches facility for digital transformation

(The Paypers) The European Commission has launched the Connecting Europe Facility Telecom 2019 , to fuel the European Digital Service Infrastructure with EUR 19.2 mln. Original link
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'Confirmation of Payee' service for online payments to be delayed

(The Paypers) UK Finance has suggested that banks might not be able to implement ‘Confirmation of Payee’, a service aiming to combat money transfer scams, in due time. Original link
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SME lender iwoca raises £150 million in debt and equity financing

UK small business lender iwoca has raised £150 million in equity and debt capital, including figures from a recent Series D equity round led by Augmentum Fintech. The firm,...
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Nuggets addresses mPOS vulnerabilities in favour of secure self-checkout reality

(The Paypers) Nuggets has warned that the predicted growth of mPOS usage around the world could be put in jeopardy if key security vulnerabilities are not addressed. Original link
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E-invoicing provider Cortex completes plan of arrangement with TransZap

(The Paypers) US-based e-invoicing provider Cortex and TransZap P2P Canada have closed their plan of arrangement under section 193 of the Business Corporations Act. Original link
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EU extends money laundering blacklist

(The Paypers) A new blacklist of non-EU countries alleged to have weak anti-money laundering regimes has been adopted by the European Commission , extending it from 16 to 23 countries. Original...
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Barclays gives Pay by Bank app a leg up

Barclays is to roll out Mastercard's Pay by Bank online checkout option to its merchant network and six million mobile banking customers. Pay by Bank enables customers of UK...
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GoCardless raises $75 million for international expansion

The UK's GoCardless, which helps businesses collect recurring payments online, has secured $75 million in Series E funding as it aims to build a global bank debit network. The...
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Real time payments significant impact on Financial Services

As real-time payment rails expand geographically, there’s an underlying infrastructure that allows payments to be paid to anyone at anytime, anywhere. These payments can be account-to-account (e.g., VocaLink and debit...
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Moving B2B Payments From Cheques To Digital Pt. 2

Cheque creation and issuance can delay the movement of capital, costing businesses time, money, and efficiencies. Cheques can hurt your business cash-flow, as it’s never clear when a cheque that...
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Facebook posts 'marketplace payments blockchain' job ad

In another hint of its intentions in the payments space, Facebook has been advertising for a 'Technical Program Manager, Marketplace Payments Blockchain'. Facebook set up its blockchain unit last...
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Fidor partners with Finn AI to launch AI-powered chatbot for banks

(The Paypers) Fidor , a digital banking group, has announced its new banking chatbot, designed in collaboration with Finn AI , the AI-powered conversational banking technology provider. Original link
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Atlanta Girl Scouts to process cookie sales with First Data Clover

This year, metropolitan Atlanta customers will have the opportunity to purchase their favorite Girl Scout Cookies via First Data’s cloud-based mobile payment platform called Clover. Clover is a...
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SwipeSimple streamlines electronic payments for small businesses across the US

(The Paypers) CardFlight , a SaaS payment technology company, has announced that its product SwipeSimple is now used by more than 50,000 small businesses across the US. Original link
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Spotify acquires podcast companies Gimlet and Anchor

(The Paypers) Spotify has acquired two podcast companies and plans to spend up to USD 500 million on further acquisitions. Original link
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BNP Paribas Fortis unleashes bank account aggregator

(The Paypers) Belgium-based BNP Paribas Fortis has launched the multi-banking version of its Easy Banking App for iPhone and Android smartphones. Original link
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Is This the End for Payless?


Payless ShoeSource may close all of its approximately 2,300 stores when it files for bankruptcy later this month. Get the details. Original link
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Senate Banking to kick off talks on data security

(The Paypers) The Senate Banking Committee has begun discussions around data collection and security standards. Original link
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Why Do People Obsess Over Security And Then Make Payments Without A Password?

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Let’s take the following two statements: Indians are obsessed over security Indians make payments without entering any password. Each of these statements is a fact. But, taken together, they appear...
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EU Parliament passes new rules on cross-border payment charges

European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone...
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