CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
- 8 years 9 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.
Mobile payments to represent a new era in Brazil’s payments industry
- 8 years 9 months ago
- Payments
Mobile phone subscription penetration in Brazil increased from 100.6% in 2010 to 133.5% in 2014 and is anticipated to further increase to reach 153.1% in 2019. Although m-payments have been relatively slow to take off - despite the high mobile phone penetration - this is all set to change over the next four years, Timetric predicts. This is partly related to the government’s approval of a bill in October 2013, giving the Central Bank of Brazil... more
Innovative Payments Initiatives Move From The Marginal Into The Everyday
- 8 years 9 months ago
- Payments
A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile first has now become mainstream, while innovative disruptive technologies such as block-chain will potentially become a very attractive alternative to traditional payment methods, transforming payment processing and acting as significant drivers for change this... more
Mint Payments To Cooperate With eWay
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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
- 8 years 9 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.
