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Banks Can Still Play a Key Role in Payment Disruption
Banks and other traditional payment companies need to keep an open mind when assessing the market today as new entrants build systems to disrupt the old models, said Christine Cumming, first vice president of the Federal Reserve Bank of New York.
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Christine Cumming, first vice president of the Federal Reserve Bank of New York.
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Less than two weeks after expanding into 15 Latin American markets, online remittance provider WorldRemit has launched its services in the U.S. more »
Jo Webber, chief executive officer of Virtual Piggy/Oink
Virtual Piggy, which provides the Oink online wallet service for their youths, will release a prepaid Discover card to extend its offering to retail stores. more »
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PayStand has established flat rates for online payments through electronic checks, saying its new format will allow non-profit organizations and service businesses to avoid credit card fees. more »
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V-Key, a mobile security provider in Singapore, has received a $12 million investment from the Ant Financial Services Group, the Chinese financial services company that operates Alipay. more »
Simon Barker, chief executive officer of Conferma
Conferma has integrated the MasterCard inControl service into its global travel payment network. more »
Blair Jeffrey, senior vice president of sales and business development for PreCash's Evolve Money.
A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards. more »
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Apple Inc. said customers in China can now use the country's most popular payment card for transactions on the App Store, as the iPhone maker seeks to woo users in the world's largest smartphone market. more »
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Business-to-business payments are ripe for disruption and there are plenty of startups innovating in the space today. These newcomers, after being thwarted by corporate red tape, are finding a more welcoming audience from small businesses. more »

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