SETL to deploy an institutional payment and settlement infrastructure based on blockchain technology
- 9 years 3 months ago
- e-Payments
SETL today announced its plans to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the... more
DigiSEq – First organisation dedicated to remotely provisioning wearable devices to be certified by MasterCard
- 9 years 3 months ago
- e-Payments
DigiSEq has developed the technology to remotely personalise wearable devices for contactless payments. DigiSEq is the first to have developed this technology and gained approval from MasterCard using the M/Chip™ Advance payment application. DigiSEq’s solution securely delivers consumer payment credentials into wearables, such as watches, bracelets, and key fobs, enabling users to make contactless payments immediately after purchasing the... more
PayPal and TransferTo Bring Mobile Airtime Top-Up to Canada
- 9 years 3 months ago
- Payments
PayPal today announced that they have teamed up with TransferTo, a global airtime remittance leader, to offer mobile airtime top-up in Canada. Without any transfer fees, Canadians can now use their PayPal account to instantly top-up prepaid mobile phones of their relatives and friends that are registered with over 400 carriers in more than 100 countries.
WorldRemit To Launch Mobile Money Transfers in Sri Lanka
- 9 years 3 months ago
- Payments
WorldRemit, the ‘WhatsApp of money’, today launches instant Mobile Money transfers to Sri Lanka. Customers in 50 countries can now send money direct to eZ Cash mobile wallets – just like an instant message. WorldRemit’s ground breaking mobile-to-mobile remittance service already enables people to send funds straight to Mobile Money wallets in countries across Africa, Asia and Oceania. Now customers can send instant, low-cost money transfers... more
UnionPay cards can be used in more than 1,200 overseas educational institutions for safe and convenient tuition payment
- 9 years 3 months ago
- Payments
UnionPay International announced on July 23 that the number of overseas educational institutions, including high schools, colleges and universities accepting UnionPay cards for tuition payment has risen to more than 1,200. The service is available in countries and regions for studying abroad such as the US, Canada, Australia, England, New Zealand, Hong Kong and Taiwan and covers many prestigious universities.
Uber Taps Its Global Payments Partner, Adyen, to Expand into Morocco
- 9 years 3 months ago
- Payments
Adyen, a leading global payments technology company, today announced an expansion of its existing partnership with Uber – powering payments for the ride-hailing company’s users in Casablanca, Morocco. Uber, now live in 58 countries, teamed up with Adyen to enable local users in Morocco to pay with locally issued credit and debit cards.
Palestine Monetary Authority goes live on SmartVista
- 9 years 3 months ago
- Payments
BPC Banking Technologies, the leading provider of Open System payment solutions, together with Palestine Monetary Authority (PMA) announces the launch of the National Switch of Palestine. The National Switch, based on SmartVista, is considered a cornerstone for the Electronic Retail Payments in Palestine.
CSR’s Ultra-Thin Bluetooth® Smart Solution Powers New BrilliantTS Smart Multi-Payment Card
- 9 years 3 months ago
- P-Cards
CSR plc (LSE: CSR; NASDAQ: CSRE) today announced that itsCSR1013™ technology has been used by BrilliantTS, a leading manufacturer of smart hardware and software solutions, to create a multi-payment card. This enables simple and secure credit and debit card payments by connecting to a smartphone using Bluetooth®.
Emerging Markets Payments To Work Premier Bank in Somalia
- 9 years 3 months ago
- Payments
Emerging Markets Payments (EMP), the leading electronic payments processing company in Africa and the Middle East, is pleased to announce that it is now working with Premier Bank, its first customer in Somalia. Working together, EMP will deliver debit and prepaid issuing services, as well as ATM aquiring throughout the Premier Bank network.
Wordline To Continue Arrangement of Comdirect Credit Card Processing For Seven Years
- 9 years 3 months ago
- Payments
Worldline, European market leader in payment and transactional services, will continue to manage comdirect’s credit card processing for a further seven years. By extending its partnership with Worldline, comdirect ensures its ever-expanding portfolio continues to meet the highest security and compliance standards, while also guaranteeing security over investments at a market cost-effective level for the bank.
FinTech start-up Money Mover raises £1m to tap $5.6 trillion SME international money transfer market
- 9 years 3 months ago
- Payments
Money Mover, the online business currency exchange and international payments service dedicated to SMEs, today announced that it has raised £1m from a group of financiers, entrepreneurs and technologists, including Andy Homer and Sir Peter Michael. Money Mover aims to make international money transfer an asset rather than an inhibitor for SME growth by empowering businesses to make international money transfers quickly, at significantly reduced... more
CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
- 9 years 3 months ago
- Payments
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services. Roughly 7 million consumer accounts were affected by Citibank’s deceptive marketing, billing, and administration of debt protection and credit monitoring add-on products. A Citibank subsidiary also... more
Premier Tax Free launch the future of Tax Free Shopping with self-service kiosks
Tax-Free Shopping Company, Premier Tax Free has developed a retail point of sale solution that is claimed to be the ‘future of tax-free shopping’. Premier Kiosk is a quick and simple interactive self–service solution that allows tourist shoppers to generate their own tax-free forms. Lengthy queues at till points and customers services as well as manual and lengthy paperwork can be eradicated.
Mobile payments to represent a new era in Brazil’s payments industry
- 9 years 3 months ago
- Payments
Mobile phone subscription penetration in Brazil increased from 100.6% in 2010 to 133.5% in 2014 and is anticipated to further increase to reach 153.1% in 2019. Although m-payments have been relatively slow to take off - despite the high mobile phone penetration - this is all set to change over the next four years, Timetric predicts. This is partly related to the government’s approval of a bill in October 2013, giving the Central Bank of Brazil... more
Innovative Payments Initiatives Move From The Marginal Into The Everyday
- 9 years 3 months ago
- Payments
A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile first has now become mainstream, while innovative disruptive technologies such as block-chain will potentially become a very attractive alternative to traditional payment methods, transforming payment processing and acting as significant drivers for change this... more
