This Week in Payment News – December 24 to January 11

January 10, 2019

The new year is here, and that means that it’s time to start off the year strong with the most popular headlines in the payments industry. This week, we broadened our dates to make sure that we didn’t miss any news that happened over the holidays!

1. Mastercard dropped its name from its logo because the future of payment is digital

Mastercard decided to start 2019 with a fresh new look, changing their iconic logo to something a little more simple but still distinctly Mastercard. The new logo keeps their interlocking red and yellow circles, while removing something major, their name! This change comes after nearly two years of research to ensure consumers could still recognize the wordless design. Make sure to check out the new look and hear from Mastercards’ Chief Marketing and Communications offer about the change in the above link.

2. BMO Wins Top Digital Innovation Award at 2018 Banking Technology Awards

It’s always exciting to see one of our parent companies taking home awards, and this news coming from BMO is a great way to start the year off strong! BMO has won the Top Digital Innovation Award at the 2018 Banking Technology Awards for BMO QuickPay, a new way for customers to pay their bills. This solution is in the pilot stage, with a public launch targeted for Fall 2019!

3. You Will Soon Be Able To Pay STM Bus Fare With Just Your Debit/Credit Card In Montreal

Paying for your ride on Montreal public transit will be getting much easier in 2019, with a number of changes coming to the system. One of these changes will be the potential for commuters to pay for their fare through credit or debit cards! An exact timeline for this upgrade has yet to be announced, it will surely make taking transit much more simple when it does take effect!

4. Honda unveils in-vehicle experience with Visa, new retail, payment partners

As this headline reminded us, payments can truly happen anywhere! Honda unveiled a fully integrated in-car experience called Honda Dream Drive this week, allowing drivers and passengers to use voice control and mobile technology to buy gas, park or order food directly within a vehicles dashboard. Honda is offering demos at this year’s Consumer Electronics Show, and we’re excited to see it live in action soon!

If you’re interested in what happened in the payments industry last month, make sure to check out our recaps from December 17 to 21, December 10 to 14 and December 3 to 7.

The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. 

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