Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 27th of October 2015, some stories for today are: TOP STORIES JPMorgan Chase announced that its Chase Pay product (a challenger to Apple Pay) has signed up with the retailer consortium MCX. The Chase Pay wallet is all set to go into battle with the likes of Apple Pay, Google, Samsung and PayPal. MasterCard is wanting to make everything a payment device. MasterCard believes that the IoT (Internet of Things) will enable consumers to make payments that have never been thought possible before. No surprise when Accenture’s report cites that almost half of the world’s largest banks do not have directors with technology experience on their board. The world’s largest money-transfer company Western Union is jumping onboard the social media bandwagon. The remittance giant launched WU Connect, a technology platform that integrates with consumer messaging and social media platform, enabling users to quickly send money throughout the wor