Payment processing

Payrailz, a payments startup launched that leverages AI to streamline bill payments and money transfers, will integrate its platform with Mastercard Bill Pay Exchange to explore ways to enhance the consumer bill payment experience.

Grab Holdings Inc. and gaming company Razer Inc. will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore’s coveted virtual banking licenses.

Adyen NV has clinched a deal to process McDonald’s Corp.’s mobile app payments, beefing up the Dutch company’s portfolio of clients in an expanding sector.

In order to ensure that the public benefits from a faster payments system, we strongly support the Federal Reserve playing a key leadership role, just as central banks have successfully done in other jurisdictions, says TransferWise's Harsh Sinha.

MFS Africa has spent the last decade building an interoperable mobile payments system linking millions of consumers in Africa, and now it’s formed a partnership with Visa to extend global card acceptance to its users.

Worldline and CashSentinel will work on services that will fit requirements for traditional online marketplaces for physical products, franchise systems, self-checkout solutions and smart city apps.

Private equity firm Lovell Minnick Partners has finished what it calls a "significant growth investment" in payments technology and merchant services provider Fortis Payment Systems, LLC.

Traditional acquirers are under severe pressure from the digital payments revolution, challenged to hold onto clients by stitching together legacy systems, existing hardware, mobile, cloud and apps. Those that can harness innovation and find the right startup partners can not only stave off elimination, but drive the next generation of multi-channel shopping and transaction revenue.

Smaller enterprises don't have the resources of larger firms, but open source technology may be helpful, says Pimcore's Shashin Shah.

Payments messaging standards provider Swift has opened its global Know Your Customer registry to all the corporations it connects to following a successful test.