CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
- 9 years 10 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.
Mint Payments To Cooperate With eWay
- 9 years 10 months ago
- Payments
Mint Payments is pleased to announce that it has signed an agreement with eWAY, whereby eWAY will licence Mint’s “card present” capability to distribute their own mobile point of sale (“mPOS”) solution. eWAY’s 20,000+ merchants will now be able to accept the full spectrum of card payments, including Visa and MasterCard, as well as EFTPOS through popular payment methods such as Apple Pay, Contactless, Chip & Pin, and Magnetic Swipe.
TRANSAXpay from FIS Helps Merchants with UK Launch of Apple Pay
- 9 years 10 months ago
- Payments
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced its readiness to support merchants in accepting Apple Pay.
Faster Payments will drive consumers to switch bank accounts
- 9 years 10 months ago
- Payments
The appetite for faster, easier and more convenient payment methods among UK consumers is rising rapidly, according to a new YouGov and ACI Worldwide (NASDAQ: ACIW) online survey of more than 2,000 UK adults. 45 percent of UK current account holders say the offer of faster electronic payments would encourage them to switch their bank account provider, the research shows. The findings reveal that UK consumers have high expectations when it comes... more
Samsung To Test Mobile Payments Service in South Korea
- 9 years 10 months ago
- e-Payments
Samsung has begun testing its mobile payments service with a small group of customers in South Korea ahead of an expected full-scale launch next month. Samsung Pay beta testing got underway this week with 1000 guinea pigs as the electronics giant prepares to take on Apple Pay and Android Pay.
The 2015 level of VC investment in bitcoin companies exceeded investment in 2014
- 9 years 10 months ago
- Cryptocurrencies, Investment
The recent deal that saw $20 million of venture capital invested in Amsterdam-based bitcoin mining company BitFury pushed the 2015 total to $357 million thereby overtaking the $350 million raised during 2014. The cryptocurrency has enjoyed a steep rise in capital investment in recent years. But despite the fact that investment continues to grow, figures suggest that the growth is decelerating.
Micropross to release new product, to test contactless smart cards and NFC devices
- 9 years 10 months ago
- P-Cards
Micropross, the leading supplier of test equipment for the smart card, RFID and NFC industries, announced the release of their new product, allowing to test contactless smart cards and NFC devices according to the brand new ISO 10373-6:2015 standard. The latest version of the ISO 10373-6 standard brings for example:
VersaPay Closes office in US
- 9 years 10 months ago
- Payments
VersaPay Corporation (VPY.V) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced a change to the Company's US strategy and staffing.
CHAPS Payment System Welcomes BNP Paribas as 22nd Direct Participant
- 9 years 10 months ago
- Payments
CHAPS Co. (CHAPS), the UK’s same day high-value electronic payment system, has announced the addition of BNP Paribas as a Direct Participant onto its system. As a Direct Participant, BNP Paribas can now directly send and receive irrevocable, guaranteed sterling payments with same day finality, rather than through a third-party. Its customers will also benefit from enhanced payment security and mitigation of settlement risk.
MasterCard and PAY.ON Joined Forces To Enhance The MasterPass
- 9 years 10 months ago
- Payments
MasterCard and PAY.ON have joined forces to enhance the MasterPass digital wallet solution by making MasterPass immediately available to more than 110 payment service providers (PSPs) via PAY.ON's white label global payment gateway.
Pave To Expand in the USA
- 9 years 10 months ago
- Payments
Pave, the online marketplace lender focused on providing access to affordable credit through a personal and transparent funding experience, today announced the nationwide launch of its new platform, focused on serving Millennial borrowers across the United States.
Vodat International Transforms In-Store Payments with NCR’s Authentic Software
- 9 years 10 months ago
- Payments
NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today that Vodat International is using Authentic, an intelligent payments platform from Alaric, an NCR business. Vodat is using the platform to underpin its Unified Payment Service, which is providing retailers with a managed, PCI-compliant card processing solution.
Apple Pay Has Launched in the UK
- 9 years 10 months ago
- Payments
Apple Pay is now live in the UK, and MasterCard has announced that it will offer its cardholders immediate access to the new service helping them to use their cards where and how they want with a seamless experience.Users of Apple’s iPhone 6, iPhone 6 Plus and Apple Watch can make safe, secure and convenient payments at over 250,000 shops in the UK that accept contactless payments; and payments within apps using iPhone 6, iPhone 6 Plus, iPad Air... more
IDT To Launch Direct-to-mobile-wallet Service In Kenya and Niger
- 9 years 10 months ago
- Payments
IDT Corporation (IDT) announced today that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger.
