Payments

allpay breaks through £1.5bn Direct Debit barrier

Payment services specialist allpay is now collecting £1.59 billion per annum in Direct Debit payments, from 12.1 million transactions. With the total BACS Direct Debit transaction volume reaching 3.6 billion each year in the UK, allpay today represents a growing market share of the UK’s total Direct Debit market. Read more »

Hong Kong Airlines Joins Forces with AsiaPay and FEXCO Merchant Services to Launch MCP Payment Solution

AsiaPay, the premier ePayment service and technology player in Asia and Hong Kong Airlines, the internationally-acclaimed Skytrax 4-star airline, have today announced a collaboration with FEXCO, the leading independent global provider of Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) technologies which will see FEXCO's world class MCP solution offered to passengers of Hong Kong Airlines. Read more »

Worldpay enters Chinese software export market with Wondershare

Wondershare, the Chinese software industry’s largest exporter by volume, has chosen global payments leader, Worldpay, for its complete payments infrastructure. The move will help Wondershare to improve payment acceptance in its priority markets, underpinning its ambitious global expansion plans. Read more »

Almost four in ten say they won’t need cash in ten years time as contactless proves popular for many

43% of people look to contactless payments as the payment method of the future. Within the next five years, one in three (34%) expect to be using a mobile device on a day-to-day basis to make payments. By 2025, over one in five (22%) think they will be regularly using their fingerprint to pay for goods and services. The latest research from Lloyds Bank on the future of payments shows many people believe they won’t need cash in the near future as... more Read more »

Luxembourg’s banks select Worldline’s ACS platform for 3D-Secure

Worldline, European market leader in payment and transactional services, has been selected by the Luxembourg banking community to provide its Access Control Server solution for 3D-Secure, in cooperation with LuxTrust, a Luxembourg-based certification authority. Read more »

US behind UK in digital payments

A new study from international payments engine Currency Cloud, reveals the majority of US businesses continue to battle major innovation hurdles when moving money across borders. Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast... more Read more »

Checkout.com To Expand Online Banking With Sofort Payment Option

Checkout.com is diversifying its online banking payment method mix by offering Sofort, an important European payment method, to its e-commerce merchants. SOFORT, a popular European payment method, is now available within Checkout.com’s Checkout platform. With one integration, Checkout.com merchants looking to sell in Europe can easily reach up to 18 million additional customers in 13 countries: Germany, Austria, France, Italy, Poland, Spain, the... more Read more »

FIME to launch testing tool for online payment terminals

In a move which will assist EMV® payment terminal, mobile point of sale (mPOS) and kernel developers to bring their products to market more efficiently, quickly and cost effectively, FIME has today launched its EVAL 4dev cloud-based service. A breakthrough in the testing world, this online service enables users to validate EMV Level 2 payment terminal kernels throughout the development phase 24/7 and from any location. Read more »

WildWorks extends Animal Jam to more global players with Worldpay

WildWorks, the developer behind Animal Jam, has selected Worldpay as its primary payment partner to strengthen its position in the US and help support its growth globally. Animal Jam developed and owned by WildWorks and associated with the licensed marks of National Geographic, is currently the largest online social network for children in the world. WildWorks has turned to Worldpay to help build on this international success. Read more »

Tryzens joins forces with Ingenico Payment Services to deliver a digital payments platform for its Trygen Solution

Trygen Ingenico Payment cartridge created to help retailers rapidly deploy international sites and accept foreign currency payments out-of-the-box Tryzens has strengthened its strategic partnership with Ingenico Payment Services, who will be the first payment provider to launch with Tryzens out-of-the-box version of Demandware Commerce, Trygen. Read more »

Buy with Affirm Option is available to Shopify merchants

Affirm, the financial technology company led by PayPal Co-Founder Max Levchin, today announced that Buy with Affirm, a payment option for consumers, is now available to merchants on Shopify, a leading cloud-based multichannel platform. The integration will provide Shopify’s U.S. merchants with the ability to offer shoppers installment financing at checkout. Read more »

JCB and Bank BRI To Announce a New Partnership for Card Payment Business

PT JCB International Indonesia, subsidiary of JCB International Co. Ltd. the international operations arm of JCB Co. Ltd. (hereinafter collectively "JCB"), and PT. Bank Rakyat Indonesia (Persero) Tbk ("BRI"), one of the Indonesia's largest state owned commercial banks, with specialties in small medium enterprise or small scale & microfinance, are pleased to announce a new partnership for card payment business. This partnership starts from... more Read more »

Forget the Card; Avidia Partners with FIS to Go Cardless for ATM Withdrawals

Hudson, Mass.-based Avidia Bank is one of the first financial institutions in New England to offer Cardless Cash ATM access thanks to their partnership with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions. Read more »

Bitcoin payments made easy: Shopping cart modules for e-commerce merchants

 More and more e-commerce merchants are taking an interest in bitcoin payments, in order to set themselves apart from their competition and target the growing number of customers with bitcoins. Innovative gateways such as Coinsnap now offer simple integration of bitcoin payments, including comprehensive payment services for more than 30 leading shopping cart systems. Millions of new customers with bitcoins to spend Read more »

Prepaid cards top preference for ‘first accounts’ in children under the age of 16

Innovations in prepaid cards and mobile phones are beginning to erode the traditional monopoly of banks as the home of ‘first accounts'. According to new research by Prepaid International Forum (PIF), the next generation of financial services customers is more likely to use a prepaid card or mobile device, instead of a bank account, when they first become active consumers. Read more »

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