The reasons for banks to not embrace faster payments schemes are quickly dwindling. But many are still watching from the sidelines. Various government initiatives in regions such as Australia, Hong Kong and the U.K. have acted as catalysts for creating faster payments rails. Similarly, policies like the EU’s PSD2 incorporate open banking and provide third-party developers equal footing in developing financial technology. Read the full story on PaymentsSource.
The four new partners have joined the Visa Fintech Fast Track program and will collaborate with Visa to enable faster go-to-market for fintechs that want to build, test and launch new payment solutions. Finextra
BBVA’s not sure if consumers or merchants will want to use an e-commerce marketplace to make bill payments in the same way they buy clothes — but if they do, BBVA wants to be the one to provide the necessary technology. PaymentsSource
Following recent moves by PNC and JPMorgan Chase, expect to see a “snowball effect” as financial institutions aim to boost security and control of personal information. BankingDive
Global payments company, Visa, recently joined hands with four global finance firms to help fintechs in over a dozen Asia Pacific markets launch digital payment solutions. Moneycontrol.com
Visa has added Episode Six as a fintech partner in the card brand’s Fast Track Program in Asia Pacific. PaymentsSource