Mastercard encourages staff to come back to New York offices

September 18, 2020.
Mastercard, the second-largest U.S. credit card issuer, is encouraging employees to return to its New York-area offices, joining banks and other financial firms as they seek to bring staff back from remote work.

NAB transitions business banking platform to Amazon cloud service

September 18, 2020.
National Australia Bank successfully moved its NAB Connect business banking platform to Amazon Web Services, giving some 70,000 customers access to new features in the process.

Paytm app briefly pulled from Google Play Store for gambling policy violations

September 18, 2020.
Google yanked the popular Indian mobile payment app Paytm from its Google Play Store Friday for violating its gambling policies with the launch of a new marketing campaign, leading to a war of words between the technology companies before the app was restored hours later.

ICBC launches first virtual Visa credit card in Hong Kong

September 17, 2020.
Industrial and Commercial Bank of China said Thursday that it has launched the first Visa virtual credit card in Hong Kong in response to the increasing popularity of cardless payment via mobile phones.

Mastercard pledges $500M to help close racial wealth gap

September 17, 2020.
Mastercard will invest $500 million in Black communities over the next five years, the U.S.-based credit card issuer said Thursday, the latest financial institution to take action to help to close the racial wealth and opportunity gap across the United States.

Australia’s central bank not pursuing a digital currency

September 17, 2020.
The Reserve Bank of Australia is not currently considering the issuance of a central bank digital currency, its payments policy department said Thursday, bucking the trend of most other central banks around the world.

SWIFT to launch overhauled platform for instant cross-border transactions

Last modified September 17, 2020. Published September 17, 2020.
SWIFT, a global financial messaging service, will revamp its technology in a bid to provide instant communication and transaction management for up to 4 billion accounts across the world’s banks and other financial institutions.

Fintech BitPay partners with Wyre, enables in-app cryptocurrency purchases

September 16, 2020.
Cryptocurrency payment provider BitPay on Wednesday rolled out new functions allowing users to purchase Bitcoin and other popular digital assets on its app through a partnership with fintech startup Wyre.

Mastercard, Handpoint partner to bring contactless payment tools to small businesses in Europe

September 16, 2020.
Mastercard and U.K.-based Handpoint jointly unveiled a partnership on Wednesday that will bring “essential technology” for contactless payment options to thousands of small and medium-sized businesses in European countries.

SEC commissioner warns coin offering penalty could stifle innovation

September 16, 2020.
A commissioner with the U.S. Securities and Exchange Commission said Tuesday that a recent enforcement action against an esports gaming and gambling platform could have a chilling effect on entrepreneurial securities offerings as she believes the penalty goes too far.

Square seeks to give workers, employers faster cash access with new payroll features

September 15, 2020.
Square said Tuesday that it is rolling out a pair of new features meant to expedite the payroll process, in an effort to help both employees and employers improve their cash flows amid the COVID-19 downturn.

Munich Re inks parametric partnership for crop growers hedging weather risks

September 15, 2020.
Munich Re said Tuesday that it’s working with digital agriculture company Farmers Edge to “transform” parametric insurance for crop growers through unique, farm-specific technology that can detect weather-related claims and trigger instant payouts.

Visa rolls out online checkout service in Canada as e-commerce surges

Last modified September 15, 2020. Published September 15, 2020.
Visa said on Tuesday that it is bringing its online checkout service Click to Pay to Canada, which will let shoppers make purchases without needing to repeatedly manually give their passwords and account numbers, citing a recent surge in domestic e-commerce.

Brazil’s Banco Bradesco jumps into growing digital-wallet market

September 14, 2020.
Banco Bradesco, Brazil’s fourth-largest bank, said Monday that it has entered the country’s growing digital-wallet market with a new product called BITZ.

CREST settlement outages delay UK central bank gilt purchases

September 14, 2020.
The CREST financial markets settlement system experienced technical issues Friday that dragged into Monday, prompting the Bank of England to postpone until Thursday a planned GBP 1.5 billion ($1.9 billion) buyback of government bonds related to the COVID-19 pandemic.

French central banker calls for coordinated European strategy on digital currency

September 11, 2020.
The governor of the Bank of France is urging central banks across Europe to embrace digital payments and create a cohesive, consistent strategy in order to strengthen the European financial sector and maintain the balance between central and commercial banks.

NYSE prepares for possible New Jersey exit to avoid new state tax

Last modified September 11, 2020. Published September 11, 2020.
The New York Stock Exchange said Friday it might move its primary data center out of its current home in New Jersey if the state legislature implements a proposed new tax on financial transactions processed in the Garden State.

US fintech Change Financial to buy Wirecard Australia, New Zealand units

Last modified September 11, 2020. Published September 11, 2020.
Change Financial, a U.S. fintech listed on the Australian Securities Exchange, will buy Wirecard’s assets in Australia and New Zealand through a deal intended to boost profits and global reach.

Square starts ‘patent alliance’ to promote crypto innovation by discouraging litigation

September 10, 2020.
U.S. payment company Square invited crypto-asset developers and companies to join its new Crypto Open Patent Alliance, intended to promote innovation by preventing members from hoarding patents or suing others in bad faith.

AmEx nabs former Wells Fargo exec for new US merchant services role

September 10, 2020.
American Express has hired Colleen Taylor as president of its merchant services division in the U.S., a newly created role that manages the relationships with millions of merchants that accept the payment network's card.