The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
bank-owned P-PA services do not require any authorization, but will also have to ensure compliance with other requirements for P-PAs.
RBI has come out with updated directions for payment aggregators covering KYC requirements, due diligence of merchants, and more.
Andre Onana avoided a red card despite being booked twice against Coventry. The same rule applied to Emiliano Martinez in the Europa Conference League. If Erik ten Hag wins the FA Cup with Man United, does he deserve to keep his job?
Consumers are using mobile wallets more, but it is taking a while for them to grow accustomed to utilizing the technology to pay in stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence report last year, “The Mobile Wallet Challenge: Replacing Physical With Digital,” created in collaboration with ACI Worldwide, drew from a census-balanced survey […]
The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital transformation of historical processes and an electronic streamlining of traditional workflow hiccups. In order to capture the concrete opportunities that exist for B2B businesses to […]
With this, issuers can emblazon their logos and designs in radiant color at every card swipe or contactless transaction. This, Sentry hopes, will help banks and issuers amplify their brands and boost customer engagement.Read Entire Article
A new way for people to buy the Carndonagh Gift Card has been unveiled, making it easier for people to support local in Inishowen. In addition to being able to buy the Carndonagh Gift Card online and in person from the Visit Carndonagh Tourist Information Centre, the local gift card is now also available on national gifting platform GiftRound. Launched by Carndonagh Traders’ Association in 2021, the Carndonagh Gift Card can be spent with a variety of local businesses, including shops,...
There is a growing disconnect between consumer-focused payment advances and commercial ones. And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have come to be viewed as table stakes in today’s digital age — with the revelation that emerging decision-makers are avid digital wallet users, embracing the consumerization […]
There is a growing disconnect between consumer-focused payment advances and commercial ones. And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have come to be viewed as table stakes in today’s digital age — with the revelation that emerging decision-makers are avid digital wallet users, embracing the […]
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Digital payments are becoming increasingly popular on King’s Day, especially when buying a beer or paying to use a toilet. Last year, 30 percent more Tikkie transactions were made on the national holiday, compared to 2022.The number of Tikkie payments on King’s Day last year was six times higher than on a normal day. On average, residents of the Netherlands paid approximately 13 euros for their King’s Day purchases via Tikkie. About 13 percent of the amounts were above 25 euros.