Dear Subscriber,

This week, we look at the impact of the US ban on Canadian payments processor PacNet following allegations of fraud, as financial services providers and former clients scramble to find alternative providers.

And new research by Barclaycard has revealed that the speed of payments can have a big impact on the dining experience as customers become frustrated when it takes too long to pay the bill.

Enjoy!

Numerous UK financial organisations are seeking alternative arrangements following the US government’s decision to ban payments processor PacNet Services Ltd and freeze its owners’ assets.

The need for speed during a dining experience is becoming more and more important to the modern-day diner, as half of customers feel frustrated when it takes too long to pay the bill, according to new research from Barclaycard.

General Motors and IBM have partnered to create OnStar Go, a cognitive mobility platform for the automotive industry.

Starting from November, the Chinese mobile payments giant Alipay will be available to Chinese consumers in California and New York.