Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.
Digital money transfer provider SimbaPay has added an artificial-intelligence-powered chatbot that will enable banks and other companies to offer international money transfer to customers across Africa and Europe through text messaging.
The IATA said it's investigating how to apply faster payments to passengers, whether directly from the airline or indirectly via travel agents. Globally, airlines absorb more than $8 billion in costs for merchant fees and fraud.
Retailers and payment service providers will need to report on at least a quarterly basis on performance against the reference fraud rates, writes Matthew Attwell, Risk & Client Services director at The ai Corporation.
If they haven't already, card-issuing banks will soon receive a shock when the speed of PSD2's requirements becomes clear. Payments will have to happen faster, and the deadline to make that happen is fast approaching.
Wirecard has gained a foothold in using virtual prepaid cards to streamline corporate payments across business units, platforms and borders for companies with sprawling operations. Now the German company wants to do the same for more U.S. companies going global.