Payments

Visa Europe claims mobile payments will go mainstream within the next year

Smart devices are on track to replace cash and cards as UK mobile payments are projected to hit over £1.2bn a week by 2020, according to research by Visa Europe. The study, conducted by Visa with 12,015 European consumers, found that one in four Brits expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in 12 who do so already today.  Read more »

£2.3bn wasted by UK companies on non-EU international payments in 2014

 UK companies wasted more than £2.3bn on non-EU international payments in 2014, according to a report from FXcompared Intelligence, the independent research division of FXcompared. A lack of awareness of better bank rates or non-bank foreign exchange and international money transfer services is revealed to unnecessarily add billions of pounds to the cost of exporting and importing, with SMEs suffering disproportionally. Read more »

MasterCard Announced Its Partnership With Premier Bank

At the World Economic Forum on Africa today, MasterCard announced its partnership with Premier Bank, becoming the first international payments network to enter Somalia. As a result of the partnership, Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country which hasn't had any form of formal banking service since the collapse of the government and financial services system in 1991.  Read more »

ING and Equens introduce efficient alternative to existing mandates : Launch of first digital direct debit mandate

Utrecht, the Netherlands, 2 June 2015 – Starting the 1st of June, customers of businesses and government agencies can pay for products and services using secure digital direct debit mandates (e-Mandates). ING is the first bank in the Netherlands to provide the e-Mandate service for its corporate customers. The e-Mandate service enables organisations to offer payment by direct debit through their websites. Equens, one of Europe’s largest payment... more Read more »

Allpay Storms Prepaid Awards

Payments innovator allpay has cemented its position as one of the UK’s leading prepaid specialists after scooping awards for programme management and card design at this year’s Prepaid365 industry awards. Read more »

Google Buy Button Announcement - viewpoint from Skrill

“The Google buy button and Android M announcements are the latest in a long line of innovations that aim to disrupt the payments market. With the likes of Facebook and Twitter trialling direct payment options and Google adding a buy button to its search results, consumers can soon expect to make online purchases with just a single click.   Read more »

PayPal's Braintree Will Support Android Pay Merchant Integration

At Braintree, we’re expanding our open platform to enable the future of mobile commerce. A key part of that is providing flexible tools that let merchants accept all relevant forms of payments so consumers can pay how they want to pay. That is the premise for our v.zero SDK -- one integration, any way to pay, including what comes next. Read more »

SimplyTapp, PromptNow and TIS Cooperate to push HCE mobile payments to Asia Pacific banks

SimplyTapp, PromptNow and TIS have created the Asian Payments Cloud initiative to bring the first end-to-end, cloud-based payments solution to the banking and financial services community in the APAC region. Read more »

Contactless Transactions Rose By More Than 49%

Brits have gone contactless crazy according to data from Worldpay, which today revealed that it has processed over £2 billion of contactless payments since January 2012. This surge is even more incredible as it was only in October 2014 that the company reached the £1 billion milestone. Read more »

RosEvroBank, Russia in partnership with BPC Processing launches new service for visually impaired people

RosEvroBank, Russia partnering with BPC Processing (BPC Banking Technologies division) and “Intrade” company being strongly committed to bring convenient and user-friendly products and services. Collaboratively companies have developed and installed new ATM supporting visually impaired people. The first in line terminal is located at one of the All Russia Association of the Blind enterprise. Read more »

Canadian Uni Installs Bitcoin ATMs For Future of Fintech

A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services. Bookstores at each of Simon Fraser University's three campuses in Vancouver, Burnaby, and Surrey, will now accept bitcoin for the payment of retail transactions, and virtual currency machines will be installed in... more Read more »

Five FinTech start-ups make it to the Payments Dragons' Den final at PayExpo 2015

Five exciting new payment start-ups have reached the final for the 2015 Dragons' Den contest at PayExpo. The highly anticipated competition, which received record entries this year, is the ideal platform for emerging companies looking to present their innovative ideas and game-changing payments technologies to a global market. The 2015 Payments Dragons' Den finalists are: xWare42 - a software developer whose core product, xPay, allows banks to... more Read more »

Mobey Forum Provides ‘Snapshot of NFC Mobile Payments’ for Banks

Latest comparison paper depicts an NFC ‘moment in time’, contrasting Apple Pay, Samsung Pay, HCE, Google Wallet and SIM-based mobile payment deployment options  Read more »

Two Million Danes Unite The Next Wave In Mobile Payments As Danske Bank’s MobilePay Teams Up With PowaTag

Denmark is leading the way to a cashless society by planning to scrap obligatory cash payments – and now two out of three smartphone users will be able to enjoy an entirely new way to shop as Danske Bank’s market leading MobilePay app introduces the transformative “buy anywhere” capabilities of acclaimed mobile commerce platform PowaTag. Read more »

Visa Europe Provides Novation Hub In Israel

Fresh from the launch of Visa Europe Collab in London earlier this month, the card scheme has exported the idea to Israel with the opening of an innovation hub in Tel Aviv. The creation of Visa Europe Collab in Israel begins the growth of the initiative’s footprint across Europe, with plans already in place to begin operations in other innovation hotspots, including Berlin, later this year.  Read more »

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