Breaking News: STRAWHECKER (EMV); CURVE (m-Pay); PLDT (PayMaya); and XOOM (Bill Pay).
STRAWHECKER – The Strawhecker Group, a management consulting company focused on the global payments industry, released survey results that estimate 37 percent of U.S. merchant locations are EMV-ready four months after the October 1st, 2015 liability shift. TSG’s previous survey of payment processors and other payment providers completed last September estimated that over 40 percent would be EMV ready by this time, showing a slower pace of implementation than expected before the shift.
CURVE -Curve launches to simplify payments and reshape people’s experience of managing their money. The London-based startup allows people to combine an unlimited number of bank cards into one physical payment card, accepted everywhere MasterCard cards work. It is supported by a mobile app that gives people a clearer picture of their payments. This includes services such as the ability to see all transactions in one place – in real-time, access to super low foreign currency rates with no fees, and using Amex at places it isn’t accepted. Curve offers the advantages of products such as Apple Pay, but in the widely accepted form of a card and without the £30 transaction limit.
PLDT – More than 1.8 million Filipinos based in the United States can now instantly pay the Smart and PLDT postpaid bills of their loved ones in the Philippines online through the pioneering partnership between PayMaya Philippines (formerly Smart e-Money, Inc.), and Xoom, a leading digital money transfer provider that enables consumers to send money from the U.S. to 41 different countries, including the Philippines.
XOOM – Xoom is excited to announce its new Bill Pay service for Filipinos in the United States. Customers can now instantly pay the Smart and PLDT postpaid bills of their loved ones in the Philippines online through the pioneering partnership between Xoom and PayMaya Philippines (formerly Smart e-Money, Inc.).