Fintech, Finance, Technology, Banking Highlights – 14 December 2017
Kroger and Chase Pay Announce Mobile Payment Partnership
The Kroger Co. is teaming up with Chase Pay—the digital engagement wallet from JPMorgan Chase & Co.— to offer mobile payments starting with select retail markets and e-commerce programs in 2018.
Kroger’s payment solutions are a part of the company’s Restock Kroger Plan, the strategy to create shareholder value by redefining how America eats. One of the key strategic drivers is to expand partnerships to create customer value, which includes Kroger forming alliances to accelerate digital and e-commerce platforms.
“Technology is transforming our customers’ experiences and greatly influencing how we are reimagining the store of the future,” said Chris Hjelm, Kroger’s Chief Information Officer. “Mobile wallets enable a more seamless shopping experience for our customers and at the same time, can help us drive cost out of our business.”
“This is a significant win for our customers who now will be able to save time and money using Chase Pay at one of the top retailers in the country,” said Jennifer Roberts, Head of Digital Products at Chase. “Kroger is one of the places our customers shop the most, and it’s great to deliver more value to both a key partner and our customers.”
Gain Capital releases AI-enhanced trading app
GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, today launched GetGo, an innovative financial trading app.
The new mobile-only service uses a smart AI-enhanced algorithm to spot statistical trends in financial markets and provide users with compelling trading signals based on historical data.
“GetGo is an intelligent and engaging way to trade financial markets, especially for those who are interested in taking advantage of shorter-term trading opportunities but are deterred by the apparent complexity and the time commitment associated with traditional trading,” commented Glenn Stevens, CEO GAIN Capital. “We’re excited about the significant opportunity this product offers in bringing AI-enhanced trading strategies to new audiences.”
Visa and Judopay strike in-app payments agreement
Judopay, the m-commerce payments platform today announced a partnership with Visa to utilise the CyberSource payment management solution to offer consumers a more seamless digital payment experience, and greater choice in how they pay in mobile—via payment cards, card-on-file, wallets and at the point-of-sale.
Judopay provides merchants with a fast, simple way to accept in-app payments by offering development teams the flexibility to integrate in-app mobile payments technology with as little as three lines of code, whilst retaining their existing acquiring bank relationship. The partnership provides Judopay with extensibility to broaden its reach and offer in-app payments on a global scale using CyberSource’s payment management platform. The companies are working collaboratively to help accelerate the adoption of safe, reliable and convenient mobile payments for consumers and merchants—and help drive increased sales through simplicity and convenience.
Gemalto connects to both Mastercard and Visa tokenisation services
Gemalto, the world leader in digital security, announces that its Trusted Service Hub (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenization services, simplifying the way financial institutions can launch mobile payment services.
Banks and other issuers are increasingly deploying multiple payment schemes for their mobile payment offering. Gemalto’s cloud-based solution can manage all their digital issuance needs from a single hub.
The Mastercard and Visa platforms manage the tokenization: it is the process that converts cards’ sensitive data into a unique digital identifier (or token) that can be deployed more safely on smartphones and similar devices. The token allows payments to be processed without exposing actual account details that could potentially be compromised.
