Payments

Indonesia moves towards cashless society

Government efforts for a cashless society and improved banking infrastructure will drive electronic payments in Indonesia, finds a new report from Timetric.   Read more »

Lloyds Banking Group launches Apple Pay to Lloyds Bank, Halifax and Bank of Scotland customers

From today Lloyds Banking Group will offer its Lloyds Bank, Halifax and Bank of Scotland customers access to Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay. As Britain’s largest current account provider with three iconic brands on the high street reaching millions of customers, the launch today indicates another milestone in the adoption of new payment technologies. Read more »

Chain Raises $30 Million from Financial Industry Leaders Partners with Visa, Nasdaq, Citi, Capital One, Fiserv and Orange

Chain, Inc., the leading provider of blockchain technology solutions to financial institutions, announced today that it has raised $30 million in equity funding from a syndicate of financial and payments industry leaders including Visa, Nasdaq, Citi Ventures, Capital One, Fiserv and Orange. Chain's newest partners will also join the company in forming a Blockchain Working Group to explore the application of the technology in various markets and... more Read more »

Orange to launch a mobile crowdfunding platform in Cote d'Ivoire

Orange has launched a mobile crowdfunding platform in Cote d'Ivoire to which users can make and receive donations via their Orange Money accounts. Using the Orange Collecte platform, private individuals and charities can finance their personal and charitable projects by making an appeal through the mobile network. Campaigns posted on the platform must be backed by an Orange Money account in order to accept funds pledged by other users. At the... more Read more »

Barclays to launch cloud contingency payments with AccessPay

Barclays has launched a first of its kind cloud-based contingency payment service banking access channel in order to boost its commitment to corporate clients. Read more »

FIME Expands U.S. Headquarters to Meet Growing Demand for Contactless Card and Mobile Payments

 As the U.S. payments landscape evolves with the migration to EMV chip, popularity of Apple Pay and the anticipated release of Samsung Pay, demand for EMV-ready mobile and contactless payment solutions is rising rapidly. To meet the needs of the growing industry, leading payments consultancy FIME today announced an expansion of their U.S. operations in San Jose, California. Read more »

Shopping Online With Points and Miles Made Easier with Loylogic’s New Browser Add-on for PointsPay

Loylogic, the leader in global e-commerce and e-payment solutions for loyalty programs, has developed a brilliant browser add-on for Chrome, Firefox and Internet Explorer for its innovative PointsPay solution. The browser add-on can be installed from PointsPay.com. It allows PointsPay members to conveniently load their PointsPay Visa cardwithout having to move away from their online shopping experience. Read more »

Aussie has ordered Visa to pay $18 million in fines for anti-competitive practices

The Australian Federal Court has ordered Visa to pay $18 million in fines for freezing our rival currency conversion services on terminals that use it cards. Australia's competition watchdog, ACCC, brought the case after the card scheme instituted rule-changes in 2010 that prohibited the supply of dynamic currency conversion services on POS transactions on the Visa network globally by rival suppliers.  Read more »

WorldRemit launches money transfers to Bosnia and Croatia

 WorldRemit, ‘the WhatsApp of money’, today launches remittances to Bosnia and Croatia. Customers in 52 countries can now send money transfers from the WorldRemit app to all Bosnian and Croatian bank accounts.  Most Bosnians and Croatians living abroad usually have to make inconvenient trips to expensive money transfer agents. With the WorldRemit app, they can now send quick and low-cost money transfers to their friends and family back home, 24/... Read more »

MasterCard Start Path to Build the Future of Commerce with Startups

 In today’s crowded and competitive business environment, startups are seeking global opportunities that will rapidly scale their business. To address this need, MasterCard today announced the launch of Start Path Global – a unique six-month partnership programme for startups that extends Start Path’s existing footprint in a greater number of countries globally across Asia Pacific, the Middle East, Africa and Latin America, as well as in Canada . Read more »

Resurs Bank Selects Provenir for Faster Credit Decisions

Provenir Ltd., the risk decisioning solutions provider, today announces that Resurs Bank, a market leader for retail finance to private customers in the Nordic countries, has chosen Provenir to globally support its customer risk and decisioning processes. Based in Sweden and expanding in the Nordic region, Resurs Bank is a recognised industry leader delivering customer centric services for sales finance, e-commerce finance, credit cards and... more Read more »

BACS systems failure shows urgent need to modernise UK’s creaking payments infrastructure, says ACI Worldwide

Barry Kislingbury, Lead Solutions Consultant Consumer Banking Europe, ACI Worldwide comments on today’s news of a BACS payments system failure affecting thousands of HSBC customers:  “Today’s payment systems failure which has left thousands of customers across the UK without salaries ahead of a bank holiday weekend underlines yet again the urgent need to modernise the UK’s creaking banking and payments infrastructure. Read more »

World Class Payments Project is ‘fantastic news’ for UK consumers and banks alike, says ACI Worldwide

Barry Kislingbury, Lead Solutions Consultant Consumer Banking Europe, ACI Worldwide comments on the initial report of the World Class Payments Project, published by Payments UK today: “The World Class Payments Project which was launched to set out a ten- year vision on how to achieve a first-class payments environment is fantastic news for UK banks and consumers. Read more »

Third of Brits expect day-to-day mobile payments within five years

With contactless cards and mobile payments growing in popularity, a quarter of Brits think that in just five years' time they will no longer need cash, according to a survey for Lloyds Bank. Recent data from Barclaycard shows that contactless spending in the UK has tripled in the last 12 months, and of more than 2000 people quizzed by Ipsos Mori for Lloyds, 43% agree that the technology is the future. Read more »

PayAnywhere to launch Apple Pay-ready mPOS device

North American Bancard (NAB), an industry leader in credit card processing, announced it will introduce the newest version of its PayAnywhere Mobile credit card reader, available exclusively in Apple Stores nationwide and www.apple.com in September. Read more »

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