Online Banking

Digital payments – Bridging the gap between convenience and security

Bridging the gap between convenience and security for digital payments has long been a subject of discussion within the payments industry. Findings from an investigation undertaken by myPINpad into the gaps in the payment industry have identified a number of issues: ·         Security concerns cause 35% of all abandoned carts in online commerce. Putting that in monetary terms, the cost to retailers is estimated to be $1.4 trillion in 2015 Read more »

Dr. Hartwig Gerhartinger from paysafecard appointed to the board of Prepaid International Forum (PIF)

Paysafecard, the Vienna-based global market leader in prepaid online payment methods, and member of Skrill Group, a worldwide provider of online payment technologies, announces that Dr. Hartwig Gerhartinger (36), Senior Legal Counsel at paysafecard, has been selected to join the governing body of the Prepaid International Forum (PIF). As a not-for-profit trade association, PIF represents the global prepaid industry and the interests of all its... more Read more »

Over 27% of global online transactions are now on mobile devices

 Adyen, the global payments technology company, today published its quarterly Mobile Payments Index (MPI), which tracks mobile payment data from web-based transactions across Adyen’s customer base. Online payments made using mobile devices continues to rise globally according to the findings, now accounting for 27.2% of the total online payments made in Q1 2015 – up from 25.8% on the traditionally high online spending period of Q4 and up a... more Read more »

Summit Payment Services Forges a Partnership with ONPEX to Expand into New Markets

 ONPEX, The Online Payment Exchange, has announced a new partnership with Bank Frick, a leading Liechtenstein private bank and their payment unit; Summit Payment Services. Summit Payment Services provides secure online payment solutions and acquiring services to European merchants through Bank Frick. The main focus of the company is on general e-commerce in various sectors and geographical locations. Read more »

Security fears hold back use of mobile platforms in the UK

 With the majority of shoppers (64%) now storing their debit or credit card details with online sites, many are still yet to make the leap to storing payment details within mobile apps. Read more »

Atom and Genesys to partner in new era of digital banking

 Genesys, the market leader in omnichannel customer experience and contact centre solutions, and Atom – the challenger aiming to be the UK’s first bank designed for digital – are partnering to provide Atom’s customer service solution.   Using the Genesys Customer Experience Platform Atom’s customers will be able to contact Atom’s support centre in Durham using voice calls, web chat, email or via social media. Customer contact has been designed... more Read more »

FIS Garners 2015 PYMNTS Innovator Award for Best Innovation in ACH

FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, once again flexed its muscles in the payments industry, taking home the 2015 PYMNTS Innovator Gold Award for NACHA Best Innovation in ACH.   Read more »

TrustPay Partners with ONPEX to Grow Customer Base

 ONPEX, the Online Payments Exchange, today announces a new strategic partnership with TrustPay. The deal sees TrustPay, a Visa and Mastercard principal member and a licensed payment institution, join the ONPEX Global Acquiring Network to provide the ONPEX customer base with its specialist online payment solutions.   TrustPay is an acquirer based in Slovakia and as part of the PSP (Payment Service Provider) agreement, ONPEX will provide payment... more Read more »

Backbase logo

PostFinance to launch new online banking platform based on Backbase technology

Backbase, the omni-channel digital banking specialist, announced that their client, PostFinance, has successfully launched their new online banking platform based on Backbase technology. PostFinance is one of the largest banks in Switzerland and is recognized as the most innovative and dedicated to providing a superior customer experience. Read more »

MasterCard logo

MasterCard to demonstrate payments innovations in NYC Technology Hub

MasterCard will demonstrate its newest digital innovations including MasterPass, MasterCard Digital Enablement System (MDES) and wearable technology during a press event at the grand opening of its new technology hub in New York City. MasterCard will also showcase its MDES tokenization service enabling Apple Pay. The global payments and technology company houses emerging payments teams in the heart of the technology community in the Flatiron... more Read more »

MeaWallet. The future starts today

MeaWallet to deliver tokenization for mobile payments

MasterCard and Visa has recently released the technical specifications for tokenization. Tokenization is the next generation security for mobile cloud based payments and other secure mobile services. Read more »

Millicom and Kalixa joined to establish payments service for Africa and Latin America

 Millicom (Stockholmsbörsen: MIC), the international telecommunications and media company, and Kalixa  has announced the establishment of a joint venture to develop a payments service provider to operate in Africa and Latin America, initially commencing in Colombia and Brazil later this year. Read more »

CHAPS will charge low volume participants in the scheme 50% less from 2015

CHAPS Co, the UK’s same day high-value payment system, is pleased to announce an update to its funding model. In 2015, CHAPS will make participation in the scheme even more cost effective by charging low volume Participants 50% less.  Read more »

Swisscard implements Entersekt’s Transakt mobile app to ensure safe online purchases

Entersekt, an innovative pioneer in transaction authentication, announced that Zurich, Switzerland-based Swisscard AECS AG has implemented its mobile application Transakt to enable safer, more user-friendly 3-D Secure protection of online purchases. Swisscard is a joint venture between Credit Suisse AG and American Express. Read more »

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