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JCB And TECHFUND Partner For Blockchain Payment System Ideas

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Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.

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Standard Chartered Reports Blockchain Letter Of Credit Transfer Between Thailand, Vietnam

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Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds. It was completed over the blockchain-based Contour network, which is an open industry platform and focused on digitizing trade finance.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

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Plus, blockchain makes new inroads in the B2B arena. That's an important distinction between what we're doing now and what we think we're going to be doing more of going forward, versus what it took with the card rails," he said. "We TOMIA and Clear Embrace Blockchain for Telecom B2B Payments.

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Blockchain Tracker: SEB’s New York Bridge To Stockholm, Credit Cards And Fraud Prevention

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Blockchain may be building bridges quicker than expected. Quite possibly, the biggest blockchain news this week was that Swedish bank SEB announced that intends to build a blockchain channel between New York and Stockholm to enable customers to make real-time transfers, as soon as next year.

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Bitcoin Daily: UK Gov’t Forms Crypto Economic Crime Plan; South Korea Credit Card Firm Gets Blockchain Patent

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“All parties will work together on longer term funding for developing richer intelligence and improving operational effectiveness in the fight against dirty money,” said the announcement, according to CoinDesk. In other news, South Korea’s top credit card company has been awarded a patent for a blockchain payment system.

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MyEG Launches Blockchain Payroll Solution

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Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. “Leveraging the benefits of blockchain architecture is one of MyEG’s core [focuses] presently,” said Managing Director Wong Thean Soon in a statement. Reports in The Edge Markets on Friday (Oct.

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B2B Innovators Explore The New Payment Rail Combinations

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In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance. Visa To Use Card Rails For Digital Currency B2B Payments.