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- Mastercard Inc. and Paytently, a payments-orchestration platform, announced they have collaborated on an open-banking initiative that will leverage Mastercard systems to let consumers make payments directly from their bank accounts at checkout.
- In related news, Mastercard said it has worked with NCR Atleos and ITCARD to allow cash withdrawals at ATMs using a mobile phone for authentication rather than a PIN.
- U.K. payment regulator Financial Conduct Authority said it is considering changing its policy on limits on contactless payments made there, according to a press release. Unlike the United States, which has no cap from the card networks on contactless-payment transaction size, the United Kingdom has a £100 ($135) limit. The proposal could enable card providers to set their own limits. Public review is under way until Oct. 15.
- Snappt, a developer of fraud-detection technology, will be integrated with property-management software from TenantCloud, the parties said.
- A trio of Asia-based mobile wallets—Ant International, Alipay HK, and TNG Wallet—announced a collaboration aimed at combatting payments fraud. The Asia-Pacific region accounts for almost two-thirds of worldwide digital-wallet payments volume, at $9.8 trillion, the parties say.
- Health-care payments provider TrustCommerce and FinMed Partners, a health-care advisory firm, have issued “Demystifying Healthcare Payments: A Practical Overview,” a white paper on patient payments.
- Virtual Pay Group, a payments-technology provider operating in multiple markets globally, announced it has been licensed by Visa Inc. as a Principal Acquirer.
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