Swift Institute Research Indicates Benefits of Outsourcing by Mutual Funds
- 11 years 3 months ago
- Payments
The SWIFT Institute announces the availability of new research that for the first time investigates the consequences of outsourcing different types of services by mutual funds in Europe.
Non-cash Payments Overtook Cash Payments For The First Time
- 11 years 3 months ago
- Payments
Dave Hobday, MD of Worldpay UK, said: “We know that 10% of Brits don’t carry any cash on them, so if you’re only taking cash payments, that’s one in 10 potential customers who will never consider shopping with you. “When all the recent talk is around technology making payments fast, secure and convenient, notes and coins increasingly seem like something our children will laugh about in the future.
Postbank tests HCE mobile payments
- 11 years 3 months ago
- Payments
Germany's Postbank is to run an internal pilot of an NFC mobile payments app operating in a Host Card Emulation environment. Postbank employees participating in the project will be able to use their Android smartphones at the checkout to make contactless payments with a tap of their phone at the cash register. The technology, supplied by Worldline, includes the use of digital tokens and one-time keys to protect customer card data.
Worldpay extends global payment acceptance capabilities to India
- 11 years 3 months ago
- Payments
Worldpay, the global leader in payments has partnered with IndusInd Bank Limited to offer domestic acquiring services in India. The association will assist both companies in processing customers’ payments and marks the first step for Worldpay in entering the Indian market – a result of the growth in eCommerce across the country.
WorldRemit launches in five new countries
- 11 years 3 months ago
- Payments
Online money transfer service WorldRemit has launched in five countries in South America and Eastern Europe. WorldRemit customers can now send money transfers direct to the bank accounts of their friends and family in Chile, Czech Republic, Hungary, Slovenia and Bulgaria.
BNY Mellon unveils payments analytics
- 11 years 3 months ago
- Payments
BNY Mellon, a global leader in investment management and investment services, has expanded its analytical support for treasury services clients with the launch of Payment Analytics.
Denmark opts for cashless - Will the UK follow suit? UK's cashless cities revealed by Worldpay
- 11 years 3 months ago
- Payments
Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. How quickly will other countries such as the UK begin to follow suit? Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way British consumers are paying for goods, with High Street credit and debit card transactions rising just... more
ACI Worldwide Commits to the Expansion of UK Faster Payments
- 11 years 3 months ago
- Payments
ACI Worldwide (NASDAQ: ACIW), a leading global provider of electronic payment and banking solutions, announced today that it has signed a Letter of Commitment in support of the UK Faster Payments Scheme’s New Access Model, to operate as both ‘single tenant’ and ‘multi-tenanted’ aggregator.
FICO Data Shows Credit Card Fraud Rising in Germany
- 11 years 4 months ago
- Payments
17 percent increase in credit card fraud losses observed in a sample of 7.5 million cards Total card purchases rose just 5 percent 70 percent of card fraud was card-not-present, 80 percent was cross-border
EMVCo Reports 3.4 Billion EMV Chip Payment Cards in Global Circulation
- 11 years 4 months ago
- Payments
Official figures for Q4 2014 released by the global technical body EMVCo show that significant advances are being made globally in the adoption of EMV® chip technology. By the end of last year, the number of EMV payment cards in circulation rose by 1 billion, up 43%, to 3.4 billion, from 2.37 billion in Q4 2013.
Visa Europe launches innovation hub
- 11 years 4 months ago
- Payments
Visa Europe today announces the launch of Visa Europe Collab, its new international innovation hub. Working with a network of partners from across the digital and fintech ecosystem, Visa Europe Collab offers start-ups and technology entrepreneurs the insight, tools and connections to forge the technologies and services that will transform citizens’ interactions with payments.
Payments Innovation: Mobile and online payments technology, fraud prevention top list of investments for banks and retailers, global survey by ACI Worldwide and Ovum finds
- 11 years 4 months ago
- Payments
The overwhelming majority of banks, retailers and billing organisations worldwide are currently investing or planning to invest within the next two years into new payment technologies and infrastructure, a global survey by payments provider ACI and Ovum has revealed. Investment is driven by changing consumer behaviour as well as new market entrants threatening to disintermediate the existing payments supply chain. However, concerns over security... more
Рaysafecard launches in New Zealand
- 11 years 4 months ago
- Payments
Рaysafecard, a global leader in prepaid payments and a member of the international Skrill Group, continues its international expansion by launching paysafecard in New Zealand. Since 2013, the product has been available in Australia. With a higher than average internet and smartphone usage, New Zealand has the perfect prerequisites for prepaid solutions, and is therefore an ideal addition to the paysafecard portfolio.
Worldpay WebDollar was integrated into Play‘n Go gaming
- 11 years 5 months ago
- Payments
The partnership will enable gaming operators that use Play‘n Go to support a broader range of payment methodologies and currencies, as well as offer a more customised gaming experience, in-app payments and so forth.
Late Payments Reach Two-Year Low Among UK Cardholders
- 11 years 5 months ago
- Payments
New data from FICO (NYSE:FICO), the predictive analytics and decision management software company, showed that late credit card payments have continued to decline in the UK, reaching the lowest point in more than two years. FICO's analysis of around 80 percent of all credit cards issued in the UK showed a continued decline in the percentage of accounts that are delinquent, matched by a decline in the balances that are delinquent.
