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Google’s ‘Pony Express’ Gmail bill payment

Google is reportedly developing a new Gmail feature, Pony Express, that will allow users to receive and pay bills directly from their email inbox. According to Recode, the new project is called Pony Express, though that could be an internal code name; Google could go in a different direction with branding when Pony Express launches to consumers. (But we very… Continue reading >>

Digital tipping point: Banks must focus on innovation to harness opportunities

A major new report sets out key recommendations for the banking industry and urges regulators to give consumers certainty that their money is equally well-protected wherever they choose to bank. Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report by the British Bankers Association… Continue reading >>

Multi-channeI is biggest payment challenge for UK retailers

Multi-channel retailing was named as the biggest payment challenge facing retailers by nearly half (47%) of respondents to Ingenico Group’s survey at this year’s RBTE. Ingenico has revealed the results of its survey carried out at this year’s Retail Business Technology Exhibition (RBTE), highlighting that the biggest payment challenge facing UK retailers over the next five years is the ability to… Continue reading >>

Rakuten to accept Bitcoin on global marketplaces

Rakuten has announced that it plans to enable customers to choose bitcoin as a payment option by integrating Bitnet’s payment processing platform on a number of its marketplaces. The Internet services giant will begin accepting the new payment method first on Rakuten.com in the US, to be followed by Rakuten.de in Germany and Rakuten.at in Austria. The integration with Bitnet’s platform will… Continue reading >>

Alibaba unveils facial recognition payment tech

Chinese e-commerce player Alibaba is developing facial recognition technology enabling mobile shoppers to replace their passwords with photos of their faces. According to Alibaba chairman Jack Ma, such biometric technology will replace the use of passwords when buying online. The technology will work by users scanning their faces with their phone handset’s camera in order to confirm a purchase. The… Continue reading >>

TD Bank updates mobile app

Canada’s TD Bank Group has announced a redesign of its popular TD app for Android and iPhone smartphones, in order to create a more intuitive, simplified experience for customers. The new functionality allows users quicker access to popular features, as well as added capabilities, such as the ability to submit US bill payments – a first for a Canadian banking… Continue reading >>

Digital top priority for global banks

The rush to implement new digital technologies has overtaken regulatory worries as the highest priority for global bank executives, according to a new report from the Economist Intelligence Unit. The EIU survey, which questioned 208 banking executives on behalf of Temenos, finds that implementing digital strategies (46%) is now a bigger priority for bank management than responding to regulation (35%)… Continue reading >>

EPC lays out framework for handling CNP transactions

The European Payments Council (EPC) has unveiled a blueprint for the establishment of an interoperable card and terminal infrastructure to process card-not-present (CNP) transactions across SEPA. The proposals are published in the latest version of the Sepa Card Standardisation Volume, devised by the EPC in conjunction with the Cards Stakeholders Group (CSG). The document includes new functional and security requirements… Continue reading >>

Digital top priority for global banks

The drive by banks to implement new digital technologies has overtaken regulatory worries as the highest priority for global banking executives, according to new research from the Economist Intelligence Unit. The EIU survey finds that implementing digital strategies (46%) is now a bigger priority for bank management than responding to regulation (35%). Regulatory pressure has given way to changes in… Continue reading >>

PayPal sets out new plan

Dan Schulman, the new CEO of PayPal has set out his vision for turning eBay’s payments arm from a button on a website into the operating system for digital commerce. Schulman, who joined PayPal from American Express and is currently working under the title of president and CEO designee ahead of the firm’s spinoff from eBay, told investors at a… Continue reading >>