Aduno Group

CBA | April 10, 2020

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak. Latest analysis from the bank, which draws on Visa and Mastercard data, has found digital wallet users in Australia spent $1 billion in a record number of transactions in March 2020, a 17% increase from the same month last year. Overall there were 36 million digital wallet transactions made in March - compri...

Core Banking, Fintech

Pacific Service Credit Union and Lumin Digital | January 20, 2023

On January 19, 2023, Lumin Digital announced that it established a multi-year agreement with Pacific Service Credit Union (Pacific Service CU) in California to promote an improved online banking experience for the latter's almost 70,000 members and assets worth over $1 billion. Lumin's cloud-based online and mobile digital banking platform, set to launch in October, will provide better safety, security features, and seamless digital integration. This would help Pacific S...

JP Morgan | May 14, 2020

JP Morgan is reportedly serving bitcoin exchanges – Coinbase and Gemini – as banking clients, according to Wall Street Journal sources. It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the report. Traditionally fenced out by banks as clients too risky to take on – B...

Facebook | April 28, 2020

Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra. "The Libra project holds the promise of increasing financial inclusion for billions of unbanked people", the company said https://www.checkout.com/blog/post/checkout-com-joins-the-libra-association, adding that it was important to regulate the blockchain space to ensure a secure and stable payments infra...