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Western Union to pay $586m for violating US money-laundering laws

  • Published: 20 Jan 2017

Western Union has agreed to pay $586m and admitted to criminal violations including willfully failing to maintain an effective anti-money laundering (AML) program and aiding and abetting wire fraud.. read more

DBS Bank launches overseas payments service

  • Published: 20 Jan 2017

Singapore’s DBS Bank has unveiled an overseas payments service to help customers avoid high foreign exchange (FX) and conversion fees on making overseas payments.. read more

Amex Q4 net income down 8.2%

  • Published: 20 Jan 2017

American Express (Amex) has reported a net income of $825m, or $0.88 per diluted share, for the fourth quarter ended 31 December 2016, a decrease of 8.2% compared to $899m, or $0.89 per diluted share, for the same period of 2015.. read more

Daimler Financial Services takes over PayCash Europe

  • Published: 19 Jan 2017

Daimler Financial Services has announced plans to acquire Luxembourg-based electronic payment services provider PayCash Europe for an undisclosed sum.. read more

AnaCap snaps up controlling stake in Heidelpay

  • Published: 19 Jan 2017

Private equity firm AnaCap Financial Partners has agreed to acquire a controlling stake in German online payment firm Heidelpay.. read more

EBA Clearing kicks off testing pan-European instant payments system

  • Published: 19 Jan 2017

EBA Clearing, a provider of pan-European payment infrastructure, has commenced the testing phase for its pan-European instant payment infrastructure platform, which is slated to go live in November 2017.. read more

MasterCard, NADRA to optimise Pakistan's National ID cards with e-payment functionality

  • Published: 19 Jan 2017

MasterCard has reached a strategic collaboration with Pakistan's NADRA Technologies to optimise National ID cards with electronic payments functionality in the country.. read more

UnionPay partners with CIBC for cross-border remittance service in Canada

  • Published: 19 Jan 2017

UnionPay International in partnership with Canadian Imperial Bank of Commerce (CIBC) has introduced UnionPay cross-border remittance service in Canada.. read more

Russian central bank sets up fintech association

  • Published: 18 Jan 2017

Bank of Russia has created a new fintech association that will focus on promoting the development of blockchain technology in the country.. read more

Samsung, Total Merchant launch new POS solution for SMBs

  • Published: 18 Jan 2017

Samsung Electronics America and Total Merchant Services have launched a new point-of-sale (POS) tablet and payment processing system designed specifically for small- to mid-sized businesses.. read more

VocaLink takeover gets tentative approval

  • Author: Patrick Brusnahan
  • Published: 18 Jan 2017

MasterCard has agreed to reduce the costs to the Link ATM network for switching infrastructure providers following a request from the Competition and Markets Authority (CMA).. read more

Verifone extends availability of its PaaS solution for Microsoft Dynamics 365 users internationally

  • Published: 18 Jan 2017

Verifone has expanded its collaboration with Microsoft that provides payment-as-a-service (PaaS) for Microsoft Dynamics 365 clients internationally.. read more

MasterCard rolls out new platform to digitalise East African agricultural sector

  • Published: 18 Jan 2017

MasterCard has introduced a new digital platform that connects peasants, agents, buyers and banks in East Africa and enables them to buy, sell and receive payments for agricultural goods using their feature phones.. read more

Wirecard's mobile payment app to support Apple Pay in France

  • Published: 18 Jan 2017

Wirecard has launched its mobile payment solution, boon, in France that also offers customers an option to use boon with Apple Pay.. read more

Cardtronics, Citibank collaborate to offer surcharge-free ATMs in Walgreens stores

  • Published: 18 Jan 2017

Cardtronics has joined hands with Citibank and Walgreens to bring Citi-branded ATMs inside Walgreens stores across the US.. read more


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