24 February 2017
Below are our top reads from the last seven days of industry news*. Every Friday we'll publish our picks from industry developments, stories and announcements right here so you can keep up to date with what's happening in payments here and overseas.
If you'd like to have our top reads emailed to you every Friday, let us know by emailing firstname.lastname@example.org
Sending money internationally with Facebook Messenger
Facebook users in the US, Britain, Canada, Australia and Europe can now send money across borders with TransferWise. The London-based company has developed a chatbot for Facebook Messenger, which will let users send money internationally without having to leave Messenger. While the bot only works on Facebook for now, it is able to be tailored for other popular messaging apps.
Payment with your shoes could be the new norm
IBM and Visa are working together to bring payment technology to a range of devices, using IBM’s Watson technology. The partnership aims to turn anything from your car to your shoes into points of sale. IBM wants to support up to 20 billion devices in five years.
Apps will be next disrupter for payments, says AEVI CPO
Mike Camerling, CPO at AEVI, thinks the payments industry will become very driven by apps. Camerling believes that value-added apps and services (VAAS) will let banks offer more complete, tailored payment options to SMEs. The German fintech startup has created a payments platform with an ‘open ecosystem’ – a global marketplace that gives merchants and consumers access to VAAS and also allows app developers to enter the marketplace.
One Virtual Piggy went to market...
Virtual Piggy, Inc. is starting beta tests for the child-focused payment service known as OINK.com. OINK.com will have a fully automated parental control system known as Instant Monitoring Parental Account Control Technology (IMPACT). “Virtual Piggy offers the ability for children to learn how to use the payment tools of the digital economy,” said John Coyne, CEO of Virtual Piggy. The beta version of the service is scheduled to go live in April.
Google Home levels up to compete with Amazon’s Echo
US consumers can now order goods and have them delivered straight to their door using Google’s smart speaker device, Google Home. Consumers just need to ask Google to order what they need then Google’s Assistant will start searching for the goods from a range of merchants and arrange delivery.
MYOB acquires Paycorp to provide seamless payments solutions to SMEs
MYOB has acquired leading Australasian payments provider, Paycorp. The acquisition allows MYOB to integrate seamless payment acceptance into accounting software. This will help to reduce administration time and cost for SMEs using the software by automating the payments process.
API rollouts bring more collaboration to fintech
B2B payments company Payoneer has rolled out an API which allows software companies that target SMEs to integrate with Payoneer’s cross-border payments capabilities. API rollouts give fintechs a chance for greater collaboration and innovation and also allow owners of the technology to get in front of a wider audience.
*These articles cover a range of topics from broad payments industry news here and overseas. They do not represent the views of Payments NZ and are not endorsements.