The Week in Review

The Week in Review

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.

UK payments regulator to probe card acquiring market

UK’s Payments Systems Regulator to conduct a review of the acquiring market to assess competitiveness

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.

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.