Square Applies for Banking Charter, Will Other PFs Follow?

Payments
Square Applies for Banking Charter, Will Other PFs Follow?
Payment Facilitor
Square Applies for Banking Charter, Will Other PFs Follow?
As Square evolves its business, it shows other fintech companies what can be done when they think outside traditional payment solutions. So, what does the news last week about the company’s intent to apply for an industrial bank charter forecast for other payment facilitators?

Payment Facilitators Recognized for Innovative Contributions

Payments
Payment Facilitators Recognized for Innovative Contributions
Payment Facilitor
Payment Facilitators Recognized for Innovative Contributions
Juniper Research has recognized two payment facilitators for their contributions to the industry in its 2017 Future Digital Awards for Commerce & Fintech. The annual awards recognize companies “at the forefront of new developments” in their categories, the research firm said.

Apstra at NFD16

Networks
Apstra at NFD16
Apstra Blog
Apstra at NFD16

Apstra at NFD16

 A year ago Derick Winkworth (@CloudToad) and I introduced Apstra and AOS version 1.0 at Network Field Day 13. Without a doubt it was an AOSome event! If you missed the show you can catch our videos here. Derick and I focused on the AOS data center application, and with it introduced concepts of Intent-Based Network Systems. Since Apstra’s launch the industry has rallied around IBN. I am so excited to be a part of Apstra, pioneering this new technology and approach that I like to call the “Iron Man suit” for network professionals. At NFD13 we showed you AOS from the network operator’s point of view, that is, how networking teams can use AOS to automate network services in the data center. Many companies have asked us how they could build their own Intent Based Networking applications on AOS. Given such tremendous interest, Derick and the team will be back at NFD16 to give you a peek under the hood and feature parts of AOS that drives all IBN applications. 

Visa Rule Change Signals Support for PF Model

Payments
Visa Rule Change Signals Support for PF Model
Payment Facilitor
Visa Rule Change Signals Support for PF Model
As the payment facilitator model evolves, the card networks are increasingly embracing it as a driver of merchant acceptance globally. A recent rule change from Visa further affirms that PFs are in a solid position.

Demonetization: Success, Failure, or Something in Between?

Payments
Demonetization: Success, Failure, or Something in Between?
Payment Facilitor
Demonetization: Success, Failure, or Something in Between?
Much of the conversation surrounding the release of the Reserve Bank of India’s annual report last week focused on the return of demonetized currency to the system – a confirmation, in the eyes of critics, that the policy of demonetization did not work as intended.

Square to Enter Banking; Mobile Wallet Tipping Point: News Roundup

Payments
Square to Enter Banking; Mobile Wallet Tipping Point: News Roundup
Payment Facilitor
Square to Enter Banking; Mobile Wallet Tipping Point: News Roundup
Square ended speculation by confirming its banking intentions this week. Chinese mobile wallet provider and payment facilitator Alipay continues its rapid expansion, adding to its stream of expansion and partnership announcements this week. And Mastercard introduced a program for merchants and other businesses looking for help going digital.