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Visa Gets More Time to Complete Russia Payment Transition
Visa will need more time to establish itself as part of a new payment system in Russia, though MasterCard expects to meet the April 1 deadline that Russian authorities had established.
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BMO is adding 400 automated teller machines at Shell locations in Canada. more »
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Citigroup Inc. is in final talks to sell its Japanese credit-card unit to Sumitomo Mitsui Trust Holdings Inc. for at least 40 billion yen ($335 million), people familiar with the matter said. more »
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Innovation is not a competition. If both incumbents and startups in the fintech market would just accept that, mobile wallets and broader payments applications would have already been realized, according to Jonathan Vaux, executive director of Visa Europe. more »
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PayPal will pay a $7.7 million fine for processing payments from customers that have ties to sanctioned parties on a U.S. Government list. more »
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MoneyGram continued to grow its footprint in the United Kingdom by signing two new agreements with exchange companies. more »
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The new digital currency entrepreneurs are stripping the bitcoins from Bitcoin, building new iterations of the underlying blockchain technology without clinging to any digital currency token. more »
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Atlanta-based Global Payments has entered an agreement to buy the European online payment gateway Realex Payments. more »
Elizabeth Buse, co-CEO of Monitise, will become its sole CEO under the company's new structure.
Elizabeth Buse will become sole CEO for UK-based mobile banking provider Monitise Plc in a company shakeup stemming from a failure to attract a buyer in the first three months of 2015. more »
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Mobile payments will replace cash and cards. Or the technology will stall for lack of consumer interest. It all depends on which report you read. more »
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In keeping with the growing market for global e-commerce payments, Stripe has developed a new version of its Connect service tailored for international startups. more »
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Western Union and Hyperwallet, a payment tech firm, will partner to launch a new global mass payment product. more »
In just one week, Swedish company Seamless has expanded its SEQR mobile payment service to three more countries in Europe. more »
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