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The Canadian Credit Union Association (CCUA) announced today that Access Credit Union (MB), Affinity Credit Union (SK), Assiniboine Credit Union (MB), Innovation Credit Union (SK), Prospera Credit Union (BC), Servus Credit Union (AB) and Steinbach Credit Union (MB) are the first credit unions in Canada to launch Interac Debit on Google Pay.
“With this new agreement, Envestnet I Yodlee is committing to send 100% of its requests for Chase customer data through the bank’s secure API, or application programming interface. This will ensure the apps can receive Chase customer data they need while customers control what’s shared with whom…Because the secure API uses a token-based approach, customers […]
“Nigeria’s central bank is planning to issue licenses to more payment providers, aiming to “improve the country’s financial-inclusion rate to 80% by the end of next year from about 60%,” Bloomberg reports . Central Bank of Nigeria Governor Godwin Emefiele spoke in Abuja last week, promising the new licenses “will help support innovation and competition […]
“2020 once seemed futuristic enough to envision transformation at scale, yet close enough to set as a target and hit goals. As 2019 draws to a close, Mint invites corporate leaders to share their vision for the next decade. Sachin Bansal, co-founder and CEO, Navi Technologies, co-founder of Flipkart and technology entrepreneur, shares five ideas […]
“New technology and payments innovation are transforming the way Canadian consumers and businesses make payments, according to data from Payments Canada’s annual Canadian Payments Methods and Trends report. In pursuit of more convenient, faster and secure payment experiences, Canadians are rapidly adopting newer digital channels, such as contactless (tapping card or mobile), e-commerce, mobile and […]
“Visa Inc. (NYSE: V) today announced plans to launch a new certification program and fund up to 500 scholarships, available to qualified applicants, that can be used toward obtaining this new professional certification. Visa’s new certification program is designed to train individuals as dispute resolution professionals, a role that is currently in high demand across […]
“Like other luxuries once restricted to the wealthy—cellphones, private airport lounges and French handbags—metal credit cards have trickled down the income stream. Capital One Financial Corp. and other banks have added metal to some of their credit cards with the idea that the hefty feel makes customers feel special and maybe spend more. Customers typically […]
“Tink, a Stockholm-based open banking platform, said it has expanded its European presence with entries into Portugal and Italy as well as opening a new office in Madrid, Spain. Tink officials said the Portugal launch follows a September agreement with Caixa Geral de Depositos, which launched a consumer banking app called Dabox, which includes aggregation, […]
“But the e-commerce shopping binge also attracted plenty of active fraudsters. While the final number of actual fraudulent transactions isn’t available yet, the volume of online transactions that took place from Black Friday through Cyber Monday and were suspected of fraud rose fully 60% compared to the same number in 2017, according to iovation Inc. […]
“If the banks had been willing to offer an API, Mint’s job would have been simpler. But despite a standard format for financial data interchange called OFX (Open Financial Exchange), few financial institutions were offering any way for their customers to extract their own financial data. The banks believed that locking in their users’ data […]
“Xiaomi, the top smartphone vendor in India , today joined a growing wave of fintech startups in the nation that are offering credit to aspirational young professionals and millennials. The Chinese electronics giant said today it is launching Mi Credit, its curated marketplace for digital lending, which offers users credit between Rs 5,000 ($70) and […]
“With Fraud Detector (in preview), AWS customers provide email addresses, IP addressees, and other historical transaction and account registration data, along with markers indicating which transactions are fraudulent and which are legitimate. Amazon takes that information and uses algorithms — along with data detectors developed on the consumer business of Amazon’s business — to build […]
"If you thought bitcoin was dead as a payments system, take a listen to George and Jimmy Nguyen, founding president of the Bitcoin Association , as they discuss Bitcoin SV, a new version of bitcoin that is a significant upgrade to the performance and capabilities of the original bitcoin protocol put into the world a [...]
““Data security, starting with encryption and access management, is an important part of the mix. As data migrates away from the enterprise premises and to the cloud, network security is no longer sufficient to protect data. Financial services need new data security methods to protect precious data everywhere in today’s digital IT landscape.” – Frank […]
“Jack Henry & Associates, Inc. (NASDAQ: JKHY ) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, the JHA Payment Solutions™ group has announced iPay CardPaySM, an enhancement to its consumer bill pay product that enables financial institutions to provide near-real-time card-funded bill payments using credit […]

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