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- Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.
- In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.
- Bank of America said its Pay by Bank service can now be used for euro currency payments, following the launch in February of the service in the United Kingdom. Pay by Bank allows e-commerce users to pay from their bank account.
- Some 87% of banks have considered spinning out payments as a separate business, leading to an opportunity for banks to consider “Payments Processing as a Business” technology, according to a Celent report sponsored by Icon Solutions.
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