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Payments News

(via Payments News – from Glenbrook Partners)

Google has announced the beginning of the roll out of Android Pay – saying it will be "rolling out gradually over the next few days, and this is just the beginning. We will continue to add even more features, banks and store locations in the coming months, making it even easier to pay with your Android phone." Android Pay works with all NFC-enabled Android devices (running KitKat 4.4+), on any mobile carrier, at every tap and pay ready location across the US. Android Pay will support credit and debit cards from the four major payment networks: American Express, Discover, MasterCard…

Complete story at source: Payments News – from Glenbrook Partners
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(via Payments News – from Glenbrook Partners)

This morning MasterCard announced the launch of a new Digital Enablement Express (Express) program designed to expedites the process of digitizing and tokenizing MasterCard accounts through the MasterCard Digital Enablement Service (MDES). According to the press release, "financial institutions of all sizes gain immediate access to the latest digital payments services, while MasterCard partners – digital wallet providers, device manufacturers, card on file merchants and other digital payment providers – have a simple onboarding process to engage with all participating banks." Capital One, Fifth Third Bank and KeyBank are among the first issuers to announce their support for the program….

Complete story at source: Payments News – from Glenbrook Partners
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(via Payments News – from Glenbrook Partners)

On the Web: PayPal co-founder raises $275 million to reinvent credit – "Banks and financial institutions have not created products that serve younger generations in the most efficient way, according to Max Levchin, the co-founder of eBay-owned payments giant PayPal." BitBeat: Day After FinCEN Bombshell, Ripple Labs Addresses Concerns – Wall St. Journal – "Even with these clarifications, questions and speculation will continue to percolate around FinCEN’s dramatic action against the second-biggest digital currency in market capitalization terms." Visa Moves At The Speed Of Money – Forbes – "None of which seems to faze Visa’s chief executive, Charlie Scharf. In…

Complete story at source: Payments News – from Glenbrook Partners
http://www…

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