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.

Square Reaches Out to Sellers in a New Way with Brick-and-Mortar Location

Payments
Square Reaches Out to Sellers in a New Way with Brick-and-Mortar Location
Payment Facilitor
Square Reaches Out to Sellers in a New Way with Brick-and-Mortar Location
As a new company, Square stepped out of the traditional mold to change the way the payments industry thinks about the point of sale. Now it’s once again trying a new way of looking at the way it relates to sellers. Announced last Friday, Square’s first brick-and-mortar store location in Manhattan is focused on its […]

Mastercard Piloting Smartphone Payment Acceptance in Poland

Payments
Mastercard Piloting Smartphone Payment Acceptance in Poland
Payment Facilitor
Mastercard Piloting Smartphone Payment Acceptance in Poland
Mastercard announced a new smartphone payment acceptance pilot in Poland on Wednesday. The solution does not require the purchase of any POS equipment. Users will only need to download a mobile app and create a merchant account to begin accepting payments, making the process simpler and more cost-effective for small and micro-merchants. The company expects […]

Judge Tosses Payments Providers Out of CFPB Debt Collection Case

Payments
Judge Tosses Payments Providers Out of CFPB Debt Collection Case
Payment Facilitor
Judge Tosses Payments Providers Out of CFPB Debt Collection Case
With the news on Friday that a judge had dismissed the Consumer Financial Protection Bureau’s claims against Atlanta-based processor Global Payments and three other payments providers, what can payment facilitators take away from the outcome? The short answer: nothing has changed. This particular case began its journey through the legal system in 2015, when the […]

PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup

Payments
PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup
Payment Facilitator Mobile Business Compliance Security Payments Industry
PayPal Surveys Cash Usage in Asia, Paysafe Wraps Up Acquisition: News Roundup
In a roundup of news from this week, PayPal reports on the state of payments in Asia as Singapore moves forward toward its own digital future. Also, news from Paysafe, Wirecard and Shopify.

Mastercard to PFs on QR Codes: “Do What You Do Best”

Payments
Mastercard to PFs on QR Codes: “Do What You Do Best”
Payment Facilitator Mobile Business Compliance Security Payments Industry
Mastercard to PFs on QR Codes: “Do What You Do Best”
Payment facilitators have developed a reputation for innovating solutions that bring previously excluded parties into the formal payments system. According to Mastercard’s James Hicks, this ability to take a fresh look at old problems makes PFs well suited to help the card networks expand the use of digital payments into emerging markets using QR codes.

LaterPay Aims to Capture Revenue from Cherry Pickers

Payments
LaterPay Aims to Capture Revenue from Cherry Pickers
Payment Facilitator Mobile Business Compliance Security Payments Industry
LaterPay Aims to Capture Revenue from Cherry Pickers
The question of how to earn revenue from their online content has dogged publishers since the advent of the internet.

The models that have emerged are typically either advertising- or subscription-based. But German company LaterPay thinks it has found a way to bridge the two – by focusing on readers and how they consume content.

Is Singapore the Next E-Payment Frontier?

Payments
Is Singapore the Next E-Payment Frontier?
Payment Facilitator Mobile Business Compliance Security Payments Industry
Is Singapore the Next E-Payment Frontier?
While Singapore is technologically advanced in many ways, it is falling behind in others. This is according to Singapore’s prime minister, Lee Hsien Loong.

In an annual address last week, Lee named digital payments as one area where better use of information technology could improve the lives of Singaporeans.