18
NEWS PayPal makes cardless cash move
QR-based system that allows users to withdraw contactless cash from ATMs. The scheme will roll-out to more than 70,000 ATMs across the US, with customers being able to order cash through a mobile wallet app and then generate a QR code to use at the ATM. The service is being launched in cooperation with FIS and the Payment Alliance International group (PAI).
P
“We’re thrilled to now be delivering this patented Cardless Cash approach to PAI’s existing network of 70,000 ATMs, without upgrading the ATM machine hardware,” writes PayPal in a blog post. “Eligible mobile banking users of participating banks will now be able to securely access their cash at these ATMs both on iOS and Android mobile devices at any time.”
The company has also launched its peer-to-peer payments service
PayPal.Me in India to support small merchants,
ICICI Bank hails robotic tech
India to roll-out software robotics. Over 200 software robots, which emulate human actions to automate and perform repetitive, high volume and time consuming tasks, are performing around 10 lakh banking transactions every working day. The Fi says that this has reduced the response time to customers by up to 60% and increased accuracy to 100%. It has also enabled employees to focus more on value-added and customer-related functions.
I
The software robots have been deployed in over 200 business process functions across the organisation, including retail banking operations, agri-business, trade and forex, treasury and human resources management. Chanda Kochhar, MD & CEO, ICICI Bank, says: “We have a legacy of pioneering innovations in technology to create propositions that provide
CICI Bank has become the first bank in
increased convenience to customers. This initiative marks a milestone in innovation in the Indian banking industry as it joins a select group of overseas organisations which have deployed this unique state- of-the-art robotic technology in such a large way.”
Scott Thompson aydiant, a subsidiary of PayPal, is launching a
businesses and freelancers. Users will be able to set up their own personalised profiles, and will receive international and cross-border payments by linking their new profile to an existing PayPal account. The firm hopes the new system will address the time it takes to make and receive payment for a transaction over PayPal.
Alex Hamilton
www.ibsintelligence.com © IBS Intelligence 2016
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
