Citi’s Treasury and Trade Solutions Forms Digital Payments Unit

This post was originally published on this site Citi’s Treasury and Trade Solutions, a unit of Citi, announced Tuesday (March 26) it is developing a new business unit that will enable consumers to make digital payments to institutions. In a press release, Citi’s Treasury and Trade Solutions said it’s part of its aim to enable…..

Solutions By Text, ACI Worldwide Link Up For SMS Transactions

This post was originally published on this site ACI Worldwide, a real-time payment and banking company, has partnered with Solutions By Text, a Dallas-based automated texting company, to allow companies to receive payments through text, according to a release by ACI. ACI’s UP Bill Payments service is combining with Solution by Text’s software to provide…..

Mastercard unveils latest Start Path startups

This post was originally published on this siteThe world’s most promising startups and FinTechs today move like Mastercard – in microseconds. We may be different in size, but there are many more similarities than differences, which we witness through Start Path. The award-winning startup engagement program relentlessly scours the globe for firms that offer promising…..

Barclaycard opens up to Alipay

This post was originally published on this siteBarclaycard, which processes nearly half of the UK’s credit and debit card transactions, has extended an existing provisional agreement with Alipay, enabling retailers across the country to accept the Chinese payment app at the point-of-sale. Barclaycard first launched a pilot with Alipay in 2017, testing the QR code-based…..

Cashless society and legacy technology; a perfect storm.

This post was originally published on this site In response to the recently published article by The Guardian , “UK cash system ‘on the verge of collapse’, report finds”  – a writeup of an independent report called the Access to Cash Review –  it is worth emphasising we may be heading toward something far worse…..

FCA chair Randell ponders access to cash conundrums

This post was originally published on this siteSpeech by Charles Randell, chair, FCA, delivered at the retail Banking Conference 2019 in London. All bankers should watch ‘It’s a Wonderful Life’. It captures the range of feelings people have about bankers. George Bailey is the good banker who has the interests of Bedford Falls at heart……

Winners Don't Let Security Screw Up User Experience

This post was originally published on this siteLike me, you may have come across people who appear obsessed with security but happily book cabs, order food, and even make payments on their mobile phones without entering a single password / PIN. This is not as contradictory as it seems if you look at the end-to-end…..

Capitec Bank extends ACI Worldwide contract

This post was originally published on this siteACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced an extension of its long-standing relationship with Capitec Bank, South Africa’s second largest retail bank. Capitec, a long-time ACI customer, now supports card and non-card payments acceptance through the UP Retail Payments solution…..