BayPay Members Blogs

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Dutch banks told to stop using payments data for personalised marketing

Dutch banks have been told to stop using their customers' payments data for the purposes of personalised direct marketing. Last month ING said that it planned to start using transaction...
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HSBC launches Next Generation Virtual Accounts for corporate and institutional clients

(The Paypers) HSBC has launched Next Generation Virtual Accounts to help wholesale clients increase their cash management efficiency by consolidating bank accounts and centralizing transactions. Original link
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Lloyds Bank partners with Blue Motor Finance on instant payments API

(The Paypers) Lloyds Bank has collaborated with Blue Motor Finance on a new API to deliver instant payments to individual motor traders and dealerships. Original link
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Unlocking Value Across the Supply Chain Through AI

Retail leaders have already begun infusing their supply chains with artificial intelligence (AI) engines and reaping the rewards of greater efficiency, speed, reliability and lower costs. Original link
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Accelerating payments transformation

Simon Wilson, Director Global Payments Solutions, Icon Solutions, speaks at EBADay 2019 in Stockholm about payments transformation, whether it is a ‘mission impossible’, how banks can find the opportunity in...
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Lidl tests mobile payment service in Spain

(The Paypers) Lidl has started conducting trials in Spain in order to introduce its own payment solution, with tests taking place in some of the stores across the country. Original link
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Mastercard completes acquisition of Transfast

(The Paypers) Mastercard has announced the completion of the acquisition of Transfast , a global payments company with cross-border network reach. Original link
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Lloyds partners with Blue Motor Finance to develop instant payments API

Lloyds Bank is to provide motor dealerships with real-time loan payments through a commercial direct debit API collaboration with Blue Motor Finance. Co-developed by Lloyds Bank Commercial Banking API Lab,...
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The benefits and implications of P27

Robert Book, Director of Consulting, Banking, CGI, speaks at EBADay 2019 in Stockholm about the latest with P27 at EBAday this year, the implications it is having on banks, how...
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10 years on: Changing trends in Cost of Compliance

Stacey English, Head of Regulatory Intelligence for Thomson Reuters marks the 10th anniversary of the Thomson Reuters Cost of Compliance report by talking about the research and how it helps...
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Using blockchain in the approach to ISO migration

Clare Rhodes, Chief Marketing Officer, Identitii, speaks at EBADay about the building sense of urgency around ISO 20022 and the 2021 deadline, how banks are responding, the risks if banks...
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Seven-eleven shuts down mobile payments app following ludicrous security breach

7-eleven has suspended its new mobile payment app in Japan after an appalling security lapse led to the loss of $530,000 from 900 accounts within a day of its launch. ...
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Telekom Slovenije launches mobile wallet

After Telekom Slovenije redefined the TV experience with the NEO platform at the end of 2018, the company continues this trend by redefining how mobile phones are used. Telekom Slovenije...
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India's Mswipe opens app store for POS devices

Mswipe, India’s largest independent Point-of-Sale (POS) merchant acquirer today announced the launch of Money StoreTM, India’s first app store for POS devices. Built with a vision to extend the...
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VTC Pay and Docomo Digital join hands to scale mobile commerce in Vietnam

VTC Pay, Vietnam’s largest mobile wallet and payment gateway and DOCOMO Digital, the world’s preeminent mobile commerce enabler are entering a partnership to scale the mobile commerce ecosystem in Vietnam,...
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DocuSign targets growth in Europe with subscription payments through GoCardless

DocuSign Inc. (NASDAQ: DOCU) has selected GoCardless, the global leader in recurring payments, to provide customers in Europe with a new way to pay for their subscriptions – in response...
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Finologee to provide PSD2 compliance module within New Access private banking platform

The Luxembourg RegTech specialist Finologee and the Swiss private banking platform and software provider New Access today announced the integration of Finologee’s ‘PSD2 for Banks’ module within New Access’ systems...
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Digital Bank Neo to offer multi currency accounts

(The Paypers) Digital bank Neo has received regulatory approval from the Bank of Spain to launch a corporate multi-currency account. Original link
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EBA reports on the impact of fintech on payments business

The European Banking Authority (EBA) published today a thematic Report on the impact of FinTech on payment institutions' (PIs) and electronic money institutions' (EMIs) business models. This Report points...
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P27 project to create the worlds first cross border payment region in the Nordics

Tino Kam, Head of TxB Solutions, Nordea, speaks at EBADay 2019 in Stockholm about the drivers behind the P27 project, how it will change the payments space and how Nordea...
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