McDonalds has more than 34,000 locations in nearly 120 countries, making it an ideal testing ground for payments innovation. As such, many payments providers try to get on its menu. (Image: Bloomberg News)
McDonald's Ireland in late 2012 teamed with Visa Europe to roll out contactless payments in its 83 restaurants across the country. (Image: Bloomberg News)
Interac Flash, Moneris, RBC
McDonald's in Toronto is working with Interac Flash, Moneris and RBC to test Near Field Communication-based mobile debit payments, one of the first such deployments of NFC debit in Canada. (Image: ShutterStock)
McDonalds foray into mobile payments goes as far back as 2008, when it deployed a system at McDonalds locations in Japan with NTT DoCoMo. (Image: Bloomberg News)
Payments technology entrepreneur Will Graylin is launching OV Valet Superkey, a payment card and digital wallet that can initiate touchless payments at more than 90% of all payment terminals. It pairs with an app that supports messaging and live chat functions.
Capital markets play a key role in a modern economy because they move money, stocks or bonds from people who have them to those who need them to execute trades, secure equities or invest. But as core a function as this is, it hasn't been very fast.
Visa on Monday made an investment in Global Processing Services, which powers the payment rails for several challenger banks and fintechs. It's similar to a January investment Mastercard made in Marqeta, an open API card issuing and processing platform.