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Social call
Still recovering from its ties to
While the banks are interested in using messaging technology and advanced "big data" analysis, they have thus far pushed back at Facebook's requests, the Journal reports.
Sandbox in the desert
Arizona has opened the U.S.' first fintech sandbox, enabling startups to test products with a substantially reduced regulatory burden.
The sandboxes are part of a broader initiative to boost the U.S. fintech industry by pursuing PSD2-style open banking reforms.
A fine for Alipay
China's central bank has fined Alipay about $600,000 for an undisclosed violation of the government's payment regulations,
Chinese regulators have fined Alipay several times this year, including penalties in
Visa chases Square
Visa has partnered with mobile financial services fintech Branch to offer financing to merchants that accept Visa cards.
The loans are designed to help the business funds operations, supply chains and expansions, with the credit applied directly to merchants' mobile accounts. Branch operates primarily in Latin America and Africa.
The product is similar to
From the Web
The Motley Fool | Mon August 6, 2018 - Investors have come to expect exceptional results from the financial technology company. Square stock's mind-boggling 180% rise over the last twelve months means the pressure is on for the company to keep delivering strong growth across its business, as it executes on the growth opportunities in front of it.
USA Today | Mon August 6, 2018 - Apple Pay and compatible smartphone-payment systems are finally conquering CVS and 7-Eleven, but the rest of retail remains a tougher sell. So do customer habits.
The Motley Fool | Mon August 6, 2018 - Mastercard continues to differentiate its payment services from rivals and win new deals to become a one-stop shop. While some of the gains should be attributed to new tax laws and recent acquisitions that have yet to be lapped, there is evidence for plenty of organic growth as well.
More from PaymentsSource
For decades banks, card companies and tech startups have had little success getting consumers to ditch checks and pay their monthly rent online or through a mobile app. The online real estate company Zillow is the latest to try.
The risk of money laundering is great. It spans the entire financial services ecosystem, including banks, payment providers and newer cryptocurrencies, such as bitcoin and Ripple.
Fresh off a new investment round, the British PtoP lender Zopa is collaborating with CommuterClub to finance season tickets for travelers.
American Express says it will partner with point of sale financing provider GreenSky to test virtual card accounts and direct financing for businesses to offer to their customers.
