Industry News

  • Australia to Explore Potential for Retail and Wholesale CBDCs
    by Debbie Bartoo on September 30, 2022 at 12:11 pm

    “The Reserve Bank of Australia (RBA) is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases for a central bank digital currency (CBDC). The (DFCRC) is a 10-year, A$180 million research programme funded by industry partners, universities and the Australian government, through the Cooperative Research Centres Programme. The project intends to test The post Australia to Explore Potential for Retail and Wholesale CBDCs appeared first on Payments News.

  • UK Banks Decide to Shut Down the Paym Payments System
    by Debbie Bartoo on September 30, 2022 at 11:54 am

    “Pay.UK and fifteen of the UK’s banks and building societies have decided to shut down the Paym payments system due to diminishing transaction volumes.   Paym was launched in 2014 and will close down for good on 7 March 2023 as its design can no longer keep up with the current evolution in payments technology and services. According The post UK Banks Decide to Shut Down the Paym Payments System appeared first on Payments News.

  • Speedchain Partners with Mastercard to Modernize Commercial Debit and Credit Payments
    by Debbie Bartoo on September 30, 2022 at 11:49 am

    “Speedchain Inc., a fintech focused on revolutionizing business to business commerce via its connected data platform, today announced a multifaceted partnership with Mastercard. Leveraging Mastercard’s network and innovative payments technology, Speedchain member organizations of all sizes can experience modernized ways to pay by connecting virtual purchasing cards to the Speedchain platform and leveraging Mastercard rails The post Speedchain Partners with Mastercard to Modernize Commercial Debit and Credit Payments appeared first on Payments News.

  • Introducing Lithic Send: A New Suite of Products for Card Disbursement Programs
    by Debbie Bartoo on September 30, 2022 at 11:47 am

    “Lithic, the leading card issuing API company, today announced Lithic Send, a new suite of products designed for companies that need a faster, more flexible way to build out card disbursement programs such as incentives, payouts, rebates, and rewards. These products include built-in tools that limit the number of integrations and custom development needed to The post Introducing Lithic Send: A New Suite of Products for Card Disbursement Programs appeared first on Payments News.

  • Inswitch and Mastercard International Partner to Launch Embedded Payments and Issuing Programs Across Industries
    by Debbie Bartoo on September 30, 2022 at 11:45 am

    “Inswitch, a fintech technology company with focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC. Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand quickly to key markets The post Inswitch and Mastercard International Partner to Launch Embedded Payments and Issuing Programs Across Industries appeared first on Payments News.

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