payments Archive

MasterCard launches its ‘selfie pay’ biometric authentication app in Europe

MasterCard is moving from trials of facial biometrics for payment authentication, including one in the U.S. and Canada launched earlier this year, to its first proper rollout of what is colloquially referred to as ‘selfie pay’ (aka MasterCard Identity Check). So basically enabling app users to confirm an online payment by showing their face to their smartphone’s camera. The biometric authentication app is being rolled out in Europe in the following markets: Austria, …

A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of those screaming college kids was Sam Crowder, a student who brilliantly decided to hold up a sign with his Venmo username asking his mom to send him beer money. Cue the Internet, and instead …

Google Wallet debuts automatic transfers so you can skip “cashing out”

Google today is stepping up its battle with Venmo, Square Cash and other person-to-person payment applications with an update to its Google Wallet mobile app, which now allows for automatic transfers to your bank account. That is, transfers will no longer require you to cash out money from your Wallet balance first. This will speed up the time it takes for Wallet users to gain …

Paidy lands $15M Series B to simplify buying online in Japan

Paidy, a fintech company that makes it easier to buy online in Japan, has closed a $15 million Series B to grow its userbase and invest in new financial products. Eight Roads, the investment arm of Fidelity, SoftBank affiliated SBI Holdings and SBI’s FinTech Business Innovation LPS led the round, which included participation from Itochu Corporation and returning investors Arbor Ventures and SIG Asia. The round is a sizable amount …