Bank of America launches a platform for managing mobile wallets in China
Bank of America Merrill Lynch (BofA Merrill), a leader in global transaction services, has launched a payments collection service supporting mobile and card payments through China UnionPay Merchant Services Company.
BofA Merrill is the first non-Chinese bank to offer this end-to-end solution via multiple collection channels in China.
Oracle announce payments and corporate banking products
Oracle announced the worldwide release of its Oracle Banking Payments solution. The offering was built from the ground up leveraging ISO 20022 and is designed to help banks compartmentalize payments messaging, message transformation and payment processing while providing high fidelity insight. Using the Oracle Banking Payments API, banks can also innovate within the Internet of Payments, collaboration with 3rd parties or curate new business models in collaboration with Fintechs.
Nordnet to speed customer relations with Amelia
Nordnet has signed an agreement with IPsoft to enhance Nordnet’s customer relations using its proprietary artificial intelligence technology.
Beginning in the fall of 2017, Nordnet’s customers will be able to start interacting with the Nordnet’s new digital employee Amelia.
This is an interesting partnership, and at the same time a logical next step. Amelia is a pioneering result of cognitive research and the world’s most developed system for artificial intelligence. I look forward to presenting Amelia to our customers this fall, said Peter Dahlgren, CEO of Nordnet.
Mitek adds near-field communication to MobileVerify
Mitek announced the addition of near-field communication (NFC) capability to its Mobile Verify solution.
By adding NFC, Mobile Verify can now read the biometric data embedded on RFID chips, delivering definitive authentication assurance simply by touching the document to the smartphone.
Almost 1 billion ePassports with embedded RFID chips have been issued to date and 3.6 billion people are expected to use RFID chip-enabled ID cards by 2021.These documents are becoming the standard for identity verification and the preferred government-issued root credential.
TerraPay launches mobile money transfers to Uganda
TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained an approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country.
This enables TerraPay’s network partners across the world to send money directly to mobile wallets in Uganda. Earlier, TerraPay had also received regulatory approvals enabling cross-border money transfers to mobile wallets in Kenya and Tanzania. With the addition of Uganda, TerraPay becomes the only licensed mobile payments switch equipped to deliver cross-border payments to mobile wallets in the East African region.
