Yet more Google technology is infiltrating the payments industry.
Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has secured its contract with Transport for London (TFL) for another seven years, with an option to extend a further three years.
IBM and Visa announced the industry’s first collaboration which brings point of sale everywhere that Visa is accepted.
Favourable regulation, a lack of legacy systems, and growth in smartphone adoption is fuelling the pace of change in the Indian payments market.
Santander has become the first bank in the UK to introduce voice pay.
Google has changed its hands free payments approach after ditching voice recognition payments tech earlier this week.
Virgin Money Giving and WorldPay have launched a new payment platform aimed to enhance the online process of donating.
The tech giant has struggled to scale its voice recognition payments app, and will now close the project on Feb 8.
ING has revealed that one of its teams has been working on 27 proofs of concept of blockchain applications, focussing on payments, compliance and identity, and lending.
HSBC will close another 62 branches this year that will result in 200 jobs being lost, saying the restructure is due to the rise of mobile and internet banking.