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24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

PEPSI promises to rival not only the two credit card giants, but also other financial technology companies including Google , Apple , Alipay and WeChat Pay. . In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system.

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Wirecard, Ctrip Roll Out Multi-Currency Card; Missguided Launches ‘Pay Later’ Option

PYMNTS

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. In addition, U.K. In the U.K.,

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OCC Considers Artificial Intelligence an Emerging Risk in Banking

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Looking Forward The OCC maintains a technology-neutral stance and supports continuing efforts by national banks and federal savings associations to explore safe and sound uses of new and emerging financial technology such as AI.

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FinTechs Take On Payment Rail Status Quo

PYMNTS

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Billhop Eases B2B Card Acceptance. and Sweden, it noted.

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UnionPay, Wirecard Team Up For Global Expansion

PYMNTS

billion cards, which makes up about 57.6 percent of the cards in circulation around the world. As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” said Georg von Waldenfels, EVP of group business development at Wirecard. UnionPay has issued more than 7.59

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SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

In regards to the company’s recent filing for a national bank charter, Noto said, “Being a national bank would really be critical strategically. The virtual card will instantaneously show up in Samsung Pay at the time of approval. Our company is ready for that next important step and responsibility.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

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Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

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