Payment systems

EBA publishes clarifications to the sixth set of issues raised by its industry working group on Application Programming Interfaces under the Payment Services Directive (PSD2)

Retrieved on: 
Wednesday, August 4, 2021
European Union, Payment systems, European Commission, Payment Services Directive, Finance, EBA, Financial services, European Banking Authority

30 July 2021

Key Points: 
  • 30 July 2021

    The European Banking Authority (EBA) published today clarifications to a sixth set of issues that had been raised by participants of its Working Group (WG) on Application Programming Interfaces (APIs) under the Payment Services Directive (PSD2).

  • Background and next steps

    On 11 March, 1 April, 26 April, 26 July and 14 August 2019, the EBA published clarifications to the first five sets of issues that had been raised by the working group.

  • The group is tasked with identifying issues and challenges that market participants face during use of API interfaces.
  • The group is also asked to propose solutions on how the identified issues could be addressed, which the EBA and national authorities will then consider when providing clarifications in response to the issues raised.

MerchantE Adds Text-to-Pay to Electronic Invoicing and Payment Options

Retrieved on: 
Wednesday, August 4, 2021
Money, Economy, Payment processor, Payments, Debit card, Financial services, Payment systems, Mobile payments, Online payments, Draft:Borderless

As with other text-based services, customers must opt-in to enable the service, then they select the payment method of their choice.

Key Points: 
  • As with other text-based services, customers must opt-in to enable the service, then they select the payment method of their choice.
  • The service supports payment by all major credit and debit cards, as well as ACH.
  • "Text-to-pay is yet another way businesses can simplify the payment process for clients and improve the customer experience," Mike Rouse, CEO of MerchantE, said.
  • MerchantE is an end-to-end payment processor providing a financial technology platform that drives digital commerce and supports the money management needs of growing businesses.

Wildfire Systems Raises $15 Million Series A Round Led by TTV Capital and QED Investors

Retrieved on: 
Wednesday, August 4, 2021
Payment systems, Companies, Money, EBay, Elon Musk, PayPal, Olo

SOLANA BEACH, Calif., Aug. 4, 2021 /PRNewswire/ -- Wildfire Systems Inc., an innovative financial technology platform that powers reward and loyalty programs, today announced it has secured $15 million in Series A venture capital investment co-led by TTV Capital and QED Investors .

Key Points: 
  • SOLANA BEACH, Calif., Aug. 4, 2021 /PRNewswire/ -- Wildfire Systems Inc., an innovative financial technology platform that powers reward and loyalty programs, today announced it has secured $15 million in Series A venture capital investment co-led by TTV Capital and QED Investors .
  • New investors include B Capital , the George Kaiser Family Foundation , and Daher Capital , which are joined by existing investors including Mucker Capital , Bonfire Ventures , Moonshots Capital , and BAM Ventures .
  • Wildfire founder and CEO Jordan Glazier is a former eBay executive who led the e-commerce pioneer's three largest marketplaces.
  • This opportunity is the reason PayPal made Honey its biggest-ever acquisition and the reason Capital One created Capital One Shopping."

Graystone Company Announces Acquisition of Additional Bitcoin Mining Equipment Doubling Its Current Mining Capacity

Retrieved on: 
Wednesday, August 4, 2021
Cryptocurrencies, Payment systems, Digital currencies, Bitcoin, Elliptic curve cryptography, Currency, Exonumia, BTC

FORT LAUDERDALE, Fla., Aug. 4, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) announced today that is has acquired an additional 1,000 Terrahash (TH/s) increasing its current mining capacity to 2,130 TH/s.

Key Points: 
  • FORT LAUDERDALE, Fla., Aug. 4, 2021 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) announced today that is has acquired an additional 1,000 Terrahash (TH/s) increasing its current mining capacity to 2,130 TH/s.
  • The Company is working with its suppliers to acquire an additional equipment for October delivery.
  • The company has provided a video of a mining dashboard that will be similar to what will be live streamed on our website beginning in September.
  • Assumptions: Mining difficulty: 14496442856349.12 and BTC Price of $39,547.00
    Graystone Company operates two divisions:A Bitcoin BTC mining operation and a Wellness, Longevity and Anti-Aging product line.

Houston Fintech Startup Launches Money Remittance Service for African Diaspora

Retrieved on: 
Wednesday, August 4, 2021
Payment systems, Remittance, Remit, Money transmitter, Money transfer

With the launch of a new money remittance app, one fintech founder is determined to remove these critical barriers.

Key Points: 
  • With the launch of a new money remittance app, one fintech founder is determined to remove these critical barriers.
  • AiDEMONEY is the money transfer service for Africans who want to send money, and progress, back home.
  • Eze co-founded AiDEMONEY with Felix Akompi, a fellow member of Houston's African diaspora community and the company's chief operations officer.
  • Eze founded AiDEMONEY for Africans seeking a fast, secure money remittance app that serves communities on both ends of the pipeline.

Interac and many of Canada's leading financial institutions enhance Interac e-Transfer to introduce instant digital payments for businesses

Retrieved on: 
Wednesday, August 4, 2021
Financial services, Money, Finance, Payment systems, Banking in Canada, Interbank networks, Interac e-Transfer, Interac, Cheque, Link Interac Inc.

The solution enables real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds.

Key Points: 
  • The solution enables real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds.
  • Within this period, 83 per cent of finance professionals surveyed say applying digital transformation to their function is a priority.
  • "Interace-Transfer for Business is poised to do for business payments what Interac e-Transfer did for the personal cheque," said Todd Roberts, Canadian Payments Leader at DeloitteCanada.
  • Interac commissioned Phase 5 Consulting to conduct an online survey of 152 financial decision-makers in Canadian mid-sized businesses with 100-499 employees.

Epazz Holdings: ZenaPay Bitcoin Wallet Will Support Linking to Credit and Debit Cards to Make Using Bitcoin Easier for Everyday Transactions

Retrieved on: 
Wednesday, August 4, 2021
Articles, Money, Payment systems, Bitcoin, Cryptocurrencies, Decentralization, Digital currencies, Debit card, Blockchain, Block chain, Wallet, Google Pay Send

CHICAGO -- via NewMediaWire - Epazz, Inc. (OTC: EPAZ), a mission critical provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the next version of the ZenaPay Blockchain Bitcoin Wallet will be released in October. This release supports linking branded credit and debit cards to the user's wallet, which allows them to use their Bitcoin for everyday purchases. ZenaPay already supports Bitcoin and Ethereum. The addition of branded credit and debit cards will allow businesses to use Bitcoin for payroll purposes, as well as operating expenses.

Key Points: 
  • This release supports linking branded credit and debit cards to the user's wallet, which allows them to use their Bitcoin for everyday purchases.
  • The addition of branded credit and debit cards will allow businesses to use Bitcoin for payroll purposes, as well as operating expenses.
  • The ZenaPay Wallet app will continue to adopt new cryptocurrencies, all available on a single Blockchain Wallet.
  • ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin.

Sonect: Italy Scores Again in Lottery Terminal Revolution - Free Access to Cash Solution Is Ready and Primed for the UK

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional services, Finance, Payment systems, Technology, Science and technology, Embedded systems, Banking, Automated teller machine, Automation, Lottery, Automated teller machines

Italy has scored again with a new access to cash solution for all Italians, a solution which can be readily implemented in the UK to guarantee free access to cash nationwide.

Key Points: 
  • Italy has scored again with a new access to cash solution for all Italians, a solution which can be readily implemented in the UK to guarantee free access to cash nationwide.
  • Under its contract, financial platform specialist Sonect will enable 35,000 Lottomatica lottery terminals across Italy to act as ATMs, allowing customers convenient local access to cash.
  • With 95% of the UK population living within one mile of a lottery terminal, Sonect is confident that this technology can provide a simple solution to the access to cash crisis in the UK.
  • A simple idea like this would be perfect for guaranteeing a free access to cash solution in the UK.

BankShift Launches Free Trial To Manage Traditional Financial Accounts and Coinbase Wallet In One App

Retrieved on: 
Wednesday, August 4, 2021
Economy, Bank, Economic history of Italy, Money, B, Finance, Electronic funds transfer, Payment systems

We're the one app consumers need to simplify their digital experience without compromising their security, privacy or existing banking relationships."

Key Points: 
  • We're the one app consumers need to simplify their digital experience without compromising their security, privacy or existing banking relationships."
  • With BankShift , people login to one application and manage their existing financial and crypto accounts through a secure, clean, efficient interface.
  • For a limited time, Bankshift is offering a free trial of their $8.99 per month subscription services which includes bank account linking, ACH transfers and payments with no transaction fees.
  • We've seen the way customers struggle to manage all their financial and crypto accounts and we want to simplify and improve that experience.

Digihost Announces a 34% Increase in Month Over Month Bitcoin Production and Provides Mining Operation Results for July

Retrieved on: 
Tuesday, August 3, 2021
Cryptocurrencies, Articles, Payment systems, Technology, Bitcoin, Blockchain, BTC, Botswana Telecommunications Corporation

In comparison to June 2021, the Company mined an additional 13.09 BTC during July 2021, representing an increase of 34%.

Key Points: 
  • In comparison to June 2021, the Company mined an additional 13.09 BTC during July 2021, representing an increase of 34%.
  • Based on July 31, 2021 BTC prices in comparison to the prior month (based on June 30, 2021 BTC prices), the fair market value of the Companys BTC mined increased by approximately $796k month over month.
  • Compared to July of 2020, the Company mined approximately 38.18 more BTC in July of 2021, representing an increase of 291%.
  • Digihost Technology Inc. is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.