Payment System

SETL and Deloitte teamup to create a contactless payment card based on blockchain

London-based fintech company SETL and global auditing firm Deloitte DLTE.UL have joined forces to produce a contactless card that enables retail payments to be processed and settled almost instantly by the means of blockchain technology.

PayPal shares jump 18.1 percent as it performs better than market expectations

PayPal Holdings Inc reported a better-than-expected 18.1 percent rise in quarterly revenue and its margin forecast allayed concerns over costs associated with its payment network deals with MasterCard Inc and Visa Inc.

Hackers access customer data from Vera Bradley payment systems

Handbag maker Vera Bradley Inc said on Wednesday hackers may have accessed customer data from payment processing systems in its stores, partly contributing to a delay in an upgrade of its website that could hurt holiday-season sales.

Post licence small financial banks can join payment system, says RBI

In a separate statement, RBI said to encourage innovators in the area of Payment and Settlement System, the central bank has announced 'Payment System Innovation Awards'.