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- Just 38 app developers have so far applied to Apple Inc. to enable payment processors outside of Apple’s proprietary payment system, the iPhone maker said. That’s out of 65,000 developers that were eligible to apply, according to Bloomberg. The report follows legal action that required Apple to make the alternatives available for apps.
- Ohio-based banking and payments technology provider Diebold Nixdorf announced it will supply technology for Slovenia-based Bankart, which is working to update point-of-sale terminals, e-commerce capabilities, and ATMs at 20 banks across six countries in southeast Europe.
- Idex, a Norway-based provider of payment cards featuring biometric authentication technology, said it has entered the South Asian card market in partnership with an unnamed “challenger” bank. The move represents the first introduction of biometric cards in that market “at scale,” Idex said.
- Comments closed Sunday on a proposal released by the Federal Reserve last fall to reduce its cap on the per-transaction fee merchants pay on debit transactions to 14.4 cents from 21 cents. As with the current limits, the proposal would apply to banks with $10 billion or more in assets.
- Corporate card app platform Expensify Inc. introduced what it calls unlimited virtual cards based on the Expensify Visa Commercial Card.
- Software provider Finastra announced it has completed testing and certification with the Federal Reserve to support ISO 20022 messaging standards for Fedwire, a gross-settlement network for banks.
- Visa Inc. said it will sponsor a musical performance May 28 at the Louvre Museum in Paris to kick off a series of promotions planned by the card network.
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