Cardtek Earns RuPay Level 2 Kernel w/Axis Bank

Global payment technologies provider, Cardtek, is now supporting Axis Bank to launch a national open-loop payment system for public transportation in India. The new payment solution will fully integrate the banking systems and it is certified by RuPay, the national smart card based payment standard in India, providing a secure payment platform that offers residents…

Risks of Same Day ACH Debit Payments to Faster Payments Ecosystem Significant

A new report finds same day ACH debits create new opportunities for fraudsters to use the shortened settlement windows to bypass existing fraud prevention tools and defraud financial institutions, payment processors, and their customers. Also, legacy account validation processes — including prenotes and trial deposits — will be ineffective at identifying and preventing fraudulent debits,…

Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

CanPay Debit Enters Oregon to Capture Cannabis Dispensary Payments

The first legitimate debit payment solution for the cannabis industry is set to capture dispensary owners, customers, and patients in Oregon’s recreational and medical cannabis marketplaces. CO-based CanPay dispensaries in the state are now able to offer a secure, legitimate, and transparent alternative to the current cash-only system for both in-store and delivery purchases. Initially,…

GasBuddy App Brings 65MM Downloads to Fleet Card King WEX for B2B2C Payments

GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX. The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents…

Reloadable Visa Virtual/Digital Account Handy U Combines All Things Payment

IATAI Enterprises (IATAI) and BPP have developed a universal and customizable payment, rewards and insurance solution for consumers, businesses and merchants. Handy U is a reloadable Visa virtual/digital account that enables IATAI’s travel and insurance clients to instantly make and receive payments, access benefits and redeem rewards generated by their loyalty programs. Handy U is…