This Week in Payment News – September 24 to 28

The payments industry was humming with news this week, with information coming from here, there and everywhere! With headlines from Google, the Montreal metro network, and us here at Moneris, it was a busy week in payments!

1. Google P2P Payments Via QR Codes In The Offing?

Google has announced that they’re working on a QR code system that would allow for quick and simple peer-to-peer (P2P) payments. With this system, users will be able to send money by scanning QR codes on each other’s smartphones. It’s unknown when this service will be officially released, but with the recent updates to Google Pay, we would assume soon!

2. WEX Inc. Continues Growth in Canada with Moneris Partnership

Here at Moneris, we’re always excited to partner with the best and brightest in the payments industry, and our latest announcement is another addition to our outstanding partners lineup! Our partnership with WEX Inc., a leading global provider of corporate payment solutions, will allow oil and gas businesses to accept WEX fleet cards, using our PetroTrack® point-of-sale solution. Make sure to find out more in this press release.

3. Laurentian Bank ATM’s leave the Montreal Subway (French article)

Looking to grab some cash in Montreal? The task just got a little more difficult. 68 Laurentian Bank ATM’s week removed from the Montreal metro network during summer, with the last removed in the last week. This decision was made after Laurentian figured the global decrease in the use of its ATMs of 47%, while electronic transfers were growing strongly. Find out more about why in this article!

4. Checkfront Partners with Google to Bring Tours and Activities to Maps, Search and the Assistant

Hoping to book a sightseeing tour or adrenaline activity in the near future? Well, that just got much easier thanks to the partnership with Checkfront and Google! Checkfront, a leading global booking platform, as partnered with Google to connect users to tours and activities that will be searchable and shown in Maps. This partnership allows Checkfront to expand their visibility, and capture Google’s extensive user base.

5. Real-time Payment System Growth Surging Worldwide: FIS Report

Real time payment solutions are growing around the world – with 40 active programs today, up from 25 in 2017. The report also identified another five programs currently under development, bringing the number up even higher. Make sure to check out this report to find out more!

Want to learn more about the news making headlines in the payment industry? Make sure to take a look at our recaps from September 17 to 21 and September 10 to 14.

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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