First Data has announced that it is partnering with SBI Card to expand its card management solutions in India. First Data will also open a new data center facility in India, utilizing its VisionPLUS software to provide card management solutions that enable faster application development and integration. “We are thrilled to grow this partnership with […]
Sometimes an idea is ahead of its time. Many of the most ambitious products in payments and fintech were dismissed as absurd or over-ambitious at the time — only to feel perfectly normal years later as culture and consumer habits evolved.
In the old days, Singapore’s retail market was dominated by big corporate merchants with storefronts, whose size, numbers and name-brand recognition made it feasible to onboard them manually. The country has around 100,000 such traditional retailers. But it’s not the old days anymore. Today’s merchants don’t need a storefront, and they don’t have to be […]
After first announcing the service last summer, PayPal has released an instant transfer feature that lets consumers send money from Venmo to their debit cards without waiting days for their funds to appear, The Verge reported. The feature, which costs users $0.25, could help consumers cash out before a holiday or on Sundays — in […]
Sometimes eCommerce retailers need to verify a customer’s identity at checkout, but the authentication process often leads to lost sales. Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. Customers are more inclined to go through with a purchase when retailers use […]
Three big Silicon Valley venture capital firms want to invest in Telegram’s initial coin offering (ICO), The Financial Times reported. Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each told the messaging startup that they want to invest $20 million, according to three individuals familiar with the deal. Sequoia and Kleiner declined to comment, […]
Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. Markets rewarded the good news with a 1.8 percent increase in share price during premarket trading. There […]
(The Paypers) In an interview with the Wall Street Journal, Paytm CEO Vijay Shekhar Sharma has said that it considers expanding its company into developed markets.
Financial services technology firm Fiserv reported results for the third quarter that showed top line growth even as some revenue streams were pressured. Earnings missed consensus estimates. The company said that earnings were $1.27 on a adjusted basis, below the projected earnings of $1.31. The top line came in at $1.40 billion, gaining from the […]
The updated 3D Secure 2.0 protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard, […]