Try to catch Venmo in P2P payments
In the third quarter, PayPal's mobile person-to-person payments app processed $4.9bn in transactions, up 131% from a year earlier. Read more: www.americanbanker.com
Mobile-only bank Pepper gears up for launch
Israel’s Bank Leumi is gearing up for the launch of its new digital banking subsidiary, Pepper. It is expected to open by the end of 2016. Read more: www.bankingtech.com
Dosh pockets $2m for automated cashback app
Automated cashback app Dosh has pocketed $2m in a Seed funding round as it prepares to launch in private beta mode. Read more: www.fintechroundup.com
Apple Pay now lets non-profits take donations
Apple announced that its payments service Apple Pay will now support the ability to make donations to non-profits. Read more: www.fintechranking.com
Mastercard expands mobile order-ahead platform
Mastercard announced that it will expand Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs. Read more: www.businesswire.com
Financeit grabs $17m to fund TD Bank acquisition
Point-of-sale financing provider Financeit has raised a $17m round of funding led by The Pritzker Organization and DNS Capital. Read more: www.fintechroundup.com
Coinbase to launch an ethereum messaging app
Bitcoin exchange and wallet startup Coinbase revealed a new ethereum messaging product currently in testing today. Read more: www.coindesk.com
Transferwise steps up assault on banks
Transferwise had to team up with a traditional lender; in this case Raphaels Bank, one of the UK's oldest private banks &; to become the first FinTech group to gain access to the country's Faster Payments. Read more: blogs.ft.com
Australian regulator set to oppose bargaining on Apple Pay
In Australian, bargaining cartels can form with permission from authorities, so the banks are seeking to finally create competitors to Apple Pay on the iPhone. Read more: www.reuters.com
BNY Mellon suffers payments glitch
BNY Mellon experienced problems with processing clients’ payments instructions, it blamed the issue on its connection to Swift. Read more: www.bankingtech.com