Payments

China’s crackdown on cryptocurrency exchanges raises questions about the future of digital asset innovation, a movement that some bankers view as a threat and others embrace as a boon to payments, P-to-P lending and other activities.

Alipay has worked with First Data, Verifone, Ingenico and others to connect with merchants in North America, but more as a service for Chinese travelers than a direct competitor to existing payment providers.

The airline wants to capture more benefits from a program that should be worth more than C$2 billion ($1.6 billion) over 15 years.

Seeing the successful “private label” debit programs at Target and Cumberland Farms has inspired more merchants to launch their own initiatives, writes Adam Frisch, CEO of Buy It Mobility Networks.

SBI Ripple Asia has formed a partnership with Dayli Intelligence to build a presence across Asia.

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks.

Providers leave out a majority of lower-volume companies that would happily accept an electronic payment or card, writes Sue Ellen Hodnot, vice president of sales for the west region at Nvoicepay.

iMessage funds will come from cards already stored in Apple's digital wallet, and the service will work with Siri, allowing payments via the personal assistant.

The preparations underscore the trouble Chinese buyers face in persuading the panel that investigates foreign acquisitions to greenlight takeovers.

In India, dLocal wants to enable global e-commerce companies to accept payments from and make payments to India to serve consumers, contractors and supply chains.