Toronto-based GoldMoney has launched the world’s first automated gold to fiat settlement technology enabling gold payments to instantly settle as fiat currency. The new feature can be found within the BitGold platform settings under “Automatic Redemptions” and allows BitGold users to set Automatic Redemptions Plans.
Tokyo-based JCB International will open an office in Silicon Valley under its subsidiary JCB USA on November 1. JCB says the opening an office in a location which is one of the origins of next-generation infrastructure technologies will enable JCB to keep up with the trends and develop strategic direction in cooperation with the world’s largest high-tech corporations.
The ATM channel has become the foundation for an increasing number of interactions with financial institutions and their customers and members. New research concludes ATMs are often filling many of the roles of traditional tellers, at least for day-to-day transactions.
The inclusion of biometrics in mobile devices will generate approximately $9 billion worth of revenue by 2018 for the biometrics industry, not just through unlocking mobile devices through security applications, but also through multi-factor authentication services and the approval of instant electronic payments.
Mexico’s Banco del Bajío, one of the top 10 banks in Mexico, has gone live with its licensed PRIME solution from TSYS.
Banco del Bajío has deployed PRIME within its dedicated card services center to manage its credit and private label card portfolios, along with its loyalty and installment programs, in-house on the single-platform PRIME solution.
Wells Fargo is now the only major U.S. bank not charging a foreign transaction fee on all of its small business credit cards. The bank removed its foreign transaction fees on all business credit card and business line of credit access card transactions made outside the U.S,. effective October 1st.