Today In Digital-First Banking: Mizuho Bank, JCB, Fujitsu Will Test Blockchain ID Tech; BBVA Takes Part In UK Instant Payments Pilot

By  |  October 16, 2020
 | 
Today In Digital First Banking: Mizuho Bank, JCB and Fujitsu Will Pilot Blockchain ID Tech; BBVA Takes Part In UK Instant Payments Pilot

In today’s top news in digital-first banking, Mizuho Bank, JCB and Fujitsu will pilot a blockchain-based identification system, while BBVA participated in an instant payments experimental effort in the U.K. Plus, The Libra Association has named a former HSBC executive as Libra Networks’ new chief financial officer and chief risk officer.

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    Japan’s Fujitsu, JCB, Mizuho Bank Test Blockchain-Based ID System

    Three major Japanese players in banking, payments and technology will conduct a joint experimental effort to sell how effectively a new blockchain-based identify verification system runs throughout firms and sectors. Mizuho Bank and JCB are joining Fujitsu in piloting real-time applications of the system, while 100 Fujitsu staffers will harness the system to engage in transactions for a forecasted four months.

    BBVA Participates in Pilot for Instant Payments in Britain

    BBVA took part in an experimental payment initiative to link the SWIFT gpi with the U.K.’s nationwide instant payment infrastructure, and the results were displayed at the Sibos conference. The BBVA Group participated in the pilot along with five financial institutions (FIs) in Europe, North America and the Asia Pacific, to test the linkage of SWIFT gpi with The Faster Payments Scheme (FPS).

    Former HSBC Exec Heads to Facebook’s Libra as CFO

    The Libra Association has appointed ex-HSBC executive Ian Jenkins as Libra Networks’ chief financial officer (CFO) and chief risk officer (CRO). Libra Networks, a Libra Association subsidiary, will manage Libra’s payment system. Jenkins served as head of business finance and group general manager for HSBC in the past. The executive has also held COO, CRO and CFO positions at Santander, Credit Suisse and HSBC.

    Central Bank Chief Lagarde Pledges Boost for EU Economy if COVID-19 Escalates

    European Central Bank President Christine Lagarde is vowing to ride to the rescue with a significant economic stimulus package if it proves necessary as Europe prepares for a second wave of the coronavirus. The official told CNBC’s Geoff Cutmore that the bank is ready to draw upon “the many weapons we have available,” with the inclusion of asset purchase initiatives, forward guidance and interest rates.


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    EazyPay Deploys Mastercard Receivables Manager for B2B Transactions in Bahrain

    By  |  August 1, 2025
     | 
    Mastercard

    Eazy Financial Services, which does business as EazyPay, has become the first acquirer in Bahrain to adopt Mastercard Receivables Manager.

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      The company will use this solution to help merchants in Bahrain automate their B2B virtual card receivables, according to a Tuesday (July 29) press release.

      “EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience,” Nayef Tawfeeq Al Alawi, founder, managing director and CEO at EazyPay, said in the release. “As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments.”

      Mastercard Receivables Manager eliminates manual processes by streamlining the capture of virtual card payments, processing them straight through and delivering remittance data directly to merchants’ accounting systems, according to the release.

      For merchants, this adds up to better efficiency, working capital and cash flow, per the release.

      “At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently,” Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant at Mastercard, said in the release. “Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency.”

      Mastercard announced Tuesday that it launched “widescale global availability” of Mastercard Receivables Manager, two years after the introduction of the automated solution for virtual cards.

      Since the product’s debut in July 2023, Mastercard Receivables Manager has been enhanced with new capabilities such as multi-language and secure card-on-file to support digital commerce around the world.

      The PYMNTS Intelligence report “Virtual Mobility: How Mobile Virtual Cards Elevate B2B Payments” found that virtual cards can deliver security, efficiency and return on investment to B2B payments.

      In an earlier collaboration between Mastercard and EazyPay, the companies teamed up in January 2023 to enhance EazyPay’s eCommerce offerings with Mastercard Payment Gateway Services (MPGS), which is now known as Mastercard Gateway.

      Before that, in June 2021, the two companies worked together to equip small– to medium-sized businesses (SMBs) and micromerchants with online payment technologies and access to financial services.

      For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.

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