Tuesday , May 28, 2024

Apple Wallet Open in Europe? and other Digital Transactions News briefs from 4/22/24

  • The European Commission’s antitrust regulators are likely to approve, perhaps as early as next month, proposals from Apple Inc. that would open the iPhone’s NFC capability to wallets that rival Apple Pay, Reuters has reported. If accepted by the regulator, the proposals would end a four-year inquiry that otherwise could have led to a fine as high as 10% of Apple’s worldwide revenue.
  • The U.S. Faster Payments Council released a report on “How QR Codes Address ‘the Last Mile’ Adoption of Faster Payments at the Point-of-Sale.”
  • Spend management firm Coupa said it and business payments network Bottomline Technologies will enable it so Coupa customers can connect to Bottomline’s Paymode-X that offers its Premium ACH services.
  • Genesis Bank and Fiserv Inc. announced the Genesis for Good Catalyst Empowerment Grant Program, which will award grants of up to $10,000 to eligible small businesses and entrepreneurs.
  • Datacap Systems Inc. said it is working with software maker CBS NorthStar on payments services for a point-of-sale system for hospitality providers.
  • TabaPay Inc., a specialist in instant money movement, announced it has agreed to acquire the assets and affiliates of Synapse Financial Technologies Inc., which had filed a Chapter 11 bankruptcy petition. Terms were not disclosed.
  • U.S.-based Splitwise, an app that enables sharing of bill payments and other expenses, will offer a pay by bank capability in the United Kingdom from Tink. The capability will be offered within the Splitwise app. Tink was acquired by Visa Inc. in March 2022.
  • Identity platform Trulioo said it will work with Nium Pte. Ltd., a processor for real-time cross-border payments, to help protect transactions in the United Kingdom. The two companies have worked together since partnering for Nium’s North American market in 2015.
  • In related news, Nium appointed Alexandra Johnson chief payments officer. Johnson comes to the company from Bank of America, and before that held positions at JP Morgan and PayPal.
  • The PCI Security Standards Council expanded the role of Nitin Bhatnagar, its Middle East executive, to include India and South Asia.

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