Password manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.
Read MoreMastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.
Read MoreAs digital financial services get a boost during the pandemic, some of the key beneficiaries are payments companies.
Read MoreIndia’s central bank is taking applications from companies for efforts to set up a new umbrella entity for retail payments. The new organization could be a for-profit entity, and will operate alongside the bank-backed nonprofit National Payments Council of India (NPCI), which currently oversees retail payments in the country.
Read MoreSamsung Pay has launched Samsung Pay Card, a new Mastercard digital debit card for U.K. customers. Samsung Pay Card uses startup Curve’s card consolidation tools to allow consumers to use Samsung Pay Card for all purchases, supported by an underlying payment card of their choice.
Read MoreFacebook launched a new internal group called Facebook Financial to oversee payments and commerce initiatives, including Facebook Pay, a universal payments capability that it plans to include in all of its apps.
Read MorePayments company Square last week acquired commerce operations firm Stitch Labs, whose tools let businesses oversee inventory, orders, channel management, and fulfillment.
Read MoreSquare’s peer-to-peer Cash App, drove the company’s performance in the second quarter. Square reported $1.92 billion in net revenue for the second quarter – a 64% year-over-year jump – despite an $11 million loss.
Read MoreApple has acquired Canada-based payments company Mobeewave for $100 million. After launching a credit card with Goldman Sachs, this is the tech giant’s latest move into financial services.
Read MoreIn its best quarter ever, payment provider PayPal reported total payment volume was $222 billion in the second quarter, a 29% jump year-over-year. Quarterly profits grew 86%.
Read MoreA report from the investment banking unit of Bank of China urged Chinese institutions to increase the use of a Chinese financial messaging network in lieu of SWIFT, for cross-border transactions in the mainland, Hong Kong, and Macau.
Read MoreA bipartisan Senate bill put forward by Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D. would prohibit retailers from turning away cash payments from customers.
Read MoreNew life may be breathed into facial ID due to the coronavirus — no cards, no phones, no touching.
Read MoreThree’s not a crowd for Episode Six, which was founded by CEO John Mitchell, CTO Futeh Kao, and CFO Chermaine Hu. The team discusses its work to help companies around the world with digital transformation, enabling them to easily adapt to shifts in market demand.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
