In-app payments via Apple Pay have been available with the ExxonMobil Speedpass+ app since last year, but this week the petroleum giant boosted the app to enable users to pay at the pump at 9,600 U.S. Exxon and Mobil stations via the Apple Watch.
In working with correspondent banks in developing countries for more than two decades, INTL FCStone Ltd. spent a fair amount of time collecting market information over the phone and through e-mail from those banks to share with others. It ultimately determined there was a better way to do this.
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While Germany's Wirecard AG in recent years has been steadily racking up a deep portfolio of payments technology fused with banking services through a white-label approach, it has also quietly established a global business through acquisition.
TransferWise Ltd., the London-based startup backed by investors including Peter Thiel’s Valar Ventures and Andreessen Horowitz, is bringing its international money transfer service to Singapore, aiming to shake up banks’ dominance of the market.
The payments processing and technology giant should add more merchant services and marketing to its Star network to overcome competitive and regulatory pressure, writes Eric Grover, a principal at Intrepid Ventures.
Walmart adjusted two of its long-standing, in-house offerings this week, saying it was lowering the rates for its domestic Walmart2Walmart money transfer service and adding a digital money transfer service with Bluebird2Walmart.