Friday July 27, 2018 –
Here are the new and noteworthy stories we have been following this week.
SoftBank Plans Payments Service for Japan by Year-End
Softbank in conjunction with Paytm is planning to launch a digital mobile payments service in Japan.
OCBC digitises the bank branch
OCBC is adding new ATM’s and advanced ‘digital kiosks’ to shift branch teller transactions to machines.
https://www.finextra.com/newsarticle/32421/ocbc-bank-digitises-the-bank-branch
UK payments regulator to probe card acquiring market
UK’s Payments Systems Regulator to conduct a review of the acquiring market to assess competitiveness
https://www.finextra.com/newsarticle/32431/uk-payments-regulator-to-probe-card-acquiring-market
Ebay to add support for Apple Pay, partners with Square Capital on seller financing
Ebay to accept Apple Pay and work with Square Capital to provide financing for sellers.
Synovus to Acquire FCB Financial Holdings, Inc. for $2.9 Billion
Synovus buys 2nd largest bank in Florida for $2.9 billion.
Visa and MoneyGram Team Up to Simplify Overseas Money Transfers
Visa and MoneyGram align on cross-border money transfers using Visa’s push payments platform.
Coinbase Strikes Partnership for Crypto Gift Cards in Europe
Coinbase working with WeGift to allow customers in Europe to convert crypto coins for gift cards.
Payment processor Stripe launches card issuing business
Stripe launches processing support for card issuance.
https://www.zdnet.com/article/payment-processor-stripe-launches-card-issuing-business/
Walmart chooses Capital One Financial for credit card program
Walmart to move its co-brand and private label credit card business from Synchrony to Capital One.
Winklevoss twins bitcoin ETF rejected by SEC
SEC rejects a second attempt by Winklevoss twins to list cryptocurrency ETF on a regulated exchange.
https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
