Mobile payments

Marqeta To Power Virtual Google Pay Balance Card

Retrieved on:

Thursday, July 29, 2021

Software, Networks, Finance, Banking, Data management, Professional services, Technology, Other Technology, Payment systems, Mobile payments, Money, Online payments, Cashless society, Google Pay, Digital wallet, Google Pay Send, Credit card

Marqeta , the global modern card issuing platform, announced today that its modern card issuing platform will power the new virtual Google Pay balance card.

Key Points:

Marqeta , the global modern card issuing platform, announced today that its modern card issuing platform will power the new virtual Google Pay balance card.
The new virtual Google Pay balance card, powered by Marqeta, allows users to easily spend their Google Pay balance through a virtual card tokenized into a mobile wallet and used at accepting merchants.
Now with the new virtual card, Google Pay users can make purchases directly from their Google Pay balance.
We are always looking for ways to make Google Pay more helpful to our users, said Tarun Bhatnagar, VP, Payments Americas, Google Pay.

O-CITY and DSK Bank's team up to launch contactless payments in Bulgarian public transport and to accelerate the drive towards smart city and digital transformation

Retrieved on:

Thursday, July 29, 2021

Mobile payments, Payment systems, Money, Cashless society, Contactless, EMV, Contactless smart card, PayAnywhere

Together the companies have accelerated Sofia's digital payment transformation in mass transit by enabling an open loop contactless EMV card to pay directly into the transport vehicle, which allows travelers across the capital to experience contactless payments.

Key Points:

Together the companies have accelerated Sofia's digital payment transformation in mass transit by enabling an open loop contactless EMV card to pay directly into the transport vehicle, which allows travelers across the capital to experience contactless payments.
The project will see 450 stations across the metro system accept payments in a second phase.
This same information is available for online registered users through the "City by DSK" mobile app, which is compatible with iOS and Android.
This flexibility in payments is possible with O-CITY's open loop technologies, which helps operators expand the choice for payment and transition to contactless payments.

O-CITY and DSK Bank's team up to launch contactless payments in Bulgarian public transport and to accelerate the drive towards smart city and digital transformation

Retrieved on:

Thursday, July 29, 2021

Mobile payments, Payment systems, Money, Cashless society, Contactless, EMV, Contactless smart card, PayAnywhere

Together the companies have accelerated Sofia's digital payment transformation in mass transit by enabling an open loop contactless EMV card to pay directly into the transport vehicle, which allows travelers across the capital to experience contactless payments.

Key Points:

Together the companies have accelerated Sofia's digital payment transformation in mass transit by enabling an open loop contactless EMV card to pay directly into the transport vehicle, which allows travelers across the capital to experience contactless payments.
The project will see 450 stations across the metro system accept payments in a second phase.
This same information is available for online registered users through the "City by DSK" mobile app, which is compatible with iOS and Android.
This flexibility in payments is possible with O-CITY's open loop technologies, which helps operators expand the choice for payment and transition to contactless payments.

Mass Adoption of Zelle®--Signed Financial Institutions Represent Over 500 million DDA Accounts

Retrieved on:

Thursday, July 29, 2021

Money, Payment systems, Finance, Online payments, Financial technology, Mobile payments, Zelle, fis

SCOTTSDALE, Ariz., July 29, 2021 /PRNewswire/ --Early Warning Services, LLC,the network operator behind Zelle, announced its Q2 2021 transaction results, which include signed FIs representing more than 500 million DDA accounts.

Key Points:

SCOTTSDALE, Ariz., July 29, 2021 /PRNewswire/ --Early Warning Services, LLC,the network operator behind Zelle, announced its Q2 2021 transaction results, which include signed FIs representing more than 500 million DDA accounts.
FI participants with less than $10 billion in assets now account for 40% of the Zelle Network.
Syracuse Fire Department Employees Federal Credit Union joins the network as the1,000th FI to go live with Zelle.
For almost three decades, our identity, authentication and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud.

Revolut launches US-Mexico remittance corridor, enabling expats to easily send money back home

Retrieved on:

Thursday, July 29, 2021

Foreign exchange companies, Financial technology, Cryptocurrencies, Revolut, Money, Finance, Mobile payments, Payment systems, Online payments

With this launch, Revolut customers in the US and Mexico can now easily transfer money between one another without any hidden fees, at the real exchange rate.

Key Points:

With this launch, Revolut customers in the US and Mexico can now easily transfer money between one another without any hidden fees, at the real exchange rate.
Revolut's timely launch of this remittance corridor will enable customers to easily make cross-border payments between the US and Mexico at a time when cross-border peer-to-peer payments are reaching peak levels.
Revolut designed its money transfer features with ease-of-use and transparency in mind to afford its customers full visibility into where their money is going and when.
ABOUT REVOLUT - one app, all things money
Revolut is building the world's first truly global financial superapp to help people get more from their money.

WaterStone Bank Partners with HT Mobile Apps to Offer Banker Jr. Application

Retrieved on:

Wednesday, July 28, 2021

Financial services, Mobile payments, Mobile banking, Bank, Economy, Articles

ANN ARBOR, Mich., July 28, 2021 /PRNewswire-PRWeb/ -- HT Mobile Apps (HTMA), an innovative, Michigan-based FinTech company, has been selected to implement its educational Banker Jr. product for WaterStone Bank, which is headquartered in Wauwatosa, Wis.

Key Points:

ANN ARBOR, Mich., July 28, 2021 /PRNewswire-PRWeb/ -- HT Mobile Apps (HTMA), an innovative, Michigan-based FinTech company, has been selected to implement its educational Banker Jr. product for WaterStone Bank, which is headquartered in Wauwatosa, Wis.
Banker Jr .
is a brandable application that will enable WaterStone to expand its mobile banking footprint to a younger market.
Young peoplemany of whom already employ mobile technologycan use the app to track their account with the intuitive, interactive tool.
WaterStone Bank is the parent company to Waterstone Mortgage, which has the ability to lend in 48 states.

Only 3% of Financial Services Firms Ready for Open Banking Deadline

Retrieved on:

Wednesday, July 28, 2021

Finance, Financial services, Economy, Open banking, Bank, ING Group, API, Mobile payments

The study also reveals that only 2% have met all their Open Banking requirements to date.

Key Points:

The study also reveals that only 2% have met all their Open Banking requirements to date.
Open Banking Application Programming Interfaces (APIs) could open up a whole new world for FS organisations, enabling them to use data to drive transformational services and power superior customer experiences.
Open Banking is widely seen as a way to encourage innovation and modernisation in traditional banking.
In addition, over half (51%) believe Open Banking will significantly or completely change how traditional financial services are delivered and consumed during the same period.

MOCA Financial and the Armed Forces Financial Network Partner to Bring MOCA’s Next-Generation Card-Based Payment Platform to Our Armed Services

Retrieved on:

Tuesday, July 27, 2021

MOCA , a digital-first next-generation card-based payment platform provider, has partnered with the Armed Forces Financial Network (AFFN) to offer MOCAs Digital-First Next-Generation Card-Based Payment Platform to the United States military community worldwide.

Key Points:

MOCA , a digital-first next-generation card-based payment platform provider, has partnered with the Armed Forces Financial Network (AFFN) to offer MOCAs Digital-First Next-Generation Card-Based Payment Platform to the United States military community worldwide.
We are proud to be able to support troops, veterans, and military families worldwide with our platform, said John Burns, CEO of MOCA.
MOCA, headquartered in Bastrop, Texas is a fintech company founded and managed by community financial institution and payment industry veterans.
With well over 100 years of industry experience, MOCAs principals have been providing cutting edge financial products to community banks and credit unions for decades.

1st Security Bank Announces The Adoption Of Digital Wallet Payments

Retrieved on:

Tuesday, July 27, 2021

Payment systems, Money, Mobile payments, Finance, Service industries, Digital wallet, Google Pay, Apple Pay, Bank, Samsung Pay, Credit card, Veem

MOUNTLAKE TERRACE, Wash., July 27, 2021 /PRNewswire/ -- 1st Security Bank announces that it has completed a project to add customer debit and credit cards to major digital wallets, allowing customers to simply tap their phones to pay at locations where these payments are accepted.

Key Points:

MOUNTLAKE TERRACE, Wash., July 27, 2021 /PRNewswire/ -- 1st Security Bank announces that it has completed a project to add customer debit and credit cards to major digital wallets, allowing customers to simply tap their phones to pay at locations where these payments are accepted.
1st Security customers can now add their cards to Apple Pay, Google Pay and Samsung Pay to enable the convenient and secure payments afforded by these digital wallets.
1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty-one branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area and the Tri-Cities.
FS Bancorp, Inc., a Washington corporation, is the holding company for the Bank.

Juniper Research: Contactless Card Transaction Values to Reach $2.5 Trillion in 2021, Dominating the Contactless Landscape

Retrieved on:

Tuesday, July 27, 2021

Finance, Data management, Professional services, Technology, Software, Money, Contactless, Finance, Payment cards, Payment systems, Credit cards, ISO standards, Ubiquitous computing, Mobile payments

A new report from Juniper Research has found that global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall contactless transaction values at 79% in 2021.

Key Points:

A new report from Juniper Research has found that global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall contactless transaction values at 79% in 2021.
The pandemic has significantly accelerated an existing contactless card usage trend, and these value increases will be sustained beyond 2021 and into the future.
This shift has severely diminished the role of cash and created significant opportunities for card issuers to gain market share.
Juniper Research offers research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.