Mastercard and NetsUnion JV Approved to Prepare for Domestic Operations in China

 Mastercard today is pleased to announce that it has received in-principle approval from the People’s Bank of China (PBOC) to begin formal preparations to set up a domestic bankcard clearing institution in China. The application was submitted by Mastercard NUCC Information Technology (Beijing) Co., Ltd, a joint venture of Mastercard and NetsUnion Clearing Corporation (NUCC). Read more »

Klarna launches global ‘Consumer Council’

Klarna, the leading global payments and shopping provider, is proud to announce the launch of its ‘Consumer Council’. The global initiative sees Klarna invite consumers to a meet-up and share their thoughts on different themes related to their experiences using Klarna. The meet-ups will take place in all main markets, three times per year.  This is yet another step demonstrating Klarna’s commitment to get even closer to consumers and to... more Read more »

Signicat and Online Payment Platform partner to verify seller identities for online marketplaces

Signicat, the Trusted Digital Identity Company™ and Online Payment Platform, the best payment solution platforms, have today announced a partnership which verifies the digital identities of sellers on online marketplaces. Using Signicat’s Digital Identity Platform, the Dutch and Belgium electronic identity schemes (iDIN and Itsme) are used to onboard and verify sellers on marketplaces and platforms in Belgium and the Netherlands, offering... more Read more »

Ingenico Enterprise Retail collaborates with 3C Payment to deliver new technology and enhance security for merchants

Ingenico Enterprise Retail, part of Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, and 3C Payment, an independent Global Payment Service provider, have expanded their relationship, to bring to market two new terminal solutions which process payments through the 3C Integra Payment Gateway with Ingenico’s DESK/5000 & MOVE/5000 payment terminal devices. Read more »

Merchants are struggling when managing chargebacks, new study finds

Dispute management specialist, Chargebacks911, and independent payments news outlet, Card Not Present (CNP), have released original research on the state of chargebacks and chargeback management in relation to card-not-present payments. A study of over 200 online, multichannel and mobile commerce merchants revealed the struggle that merchants face when managing chargebacks, particularly as the majority of respondents feel they lose most of their... more Read more »

Barclays extends long-standing Visa partnership with new European partnership

Barclays, which processes nearly half of the UK’s debit and credit card transactions, has signed a new, multi-year partnership with long-standing partner Visa. The European agreement, which recognises the unique position Barclays has in the market, is designed to drive innovation and product development as well as facilitate international expansion. Read more »

PSD2 education and awareness creating barriers to growth and innovation for UK fintechs

Yolt Technology Services (YTS), Europe’s leading open banking third party provider, is urging the industry to do more to promote the consumer benefits of Open Banking and the revised Payments Services Directive (PSD2), to support growth in the Fintech sector. Read more »

7-Eleven Trials Cashierless Store Concept

7-Eleven, Inc. is pushing the technological envelope once again, testing a cashierless store at its corporate headquarters, in Irving, Texas. During the pilot, the 700-square-foot non-traditional store is available to 7-Eleven employees. Read more »

Sia Starts Its Listing Process

The Board of Directors of SIA, meeting today under the chairmanship of Federico Lovadina, approved the start-up of the process to list the company's ordinary shares on the Mercato Telematico Azionario (MTA) market, organized and managed by Borsa Italiana, expected to take place by summer 2020. Read more »

Lightspeed Joins Forces With Stripe

Lightspeed, the global point-of-sale and ecommerce platform, is partnering with Stripe to power in-store and online payments for retailers and restaurants in the US and Canada. Powering retailers that grow over four times the industry average in the US, Lightspeed has integrated Stripe Connect and Stripe Terminal to extend payment capabilities for their customer base. This will make it easier for restaurants and retailers to get started... more Read more »

WorldRemit Enters Global Remittance Partnership with Alipay

WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world. “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief Commercial Officer, WorldRemit. “The partnership will... more Read more »

Western Union and Italy’s Postepay Enable Cross-Border Payments

Customers of App Postepay, among the preferred payment Apps in Italy, can now access Western Union’s cross-border and cross-currency platform to send money globally, following an agreement between Postepay, one of the largest Electronic Money Institution (EMI) in Italy, bringing together Poste Italiane’s assets and expertise in payments and telecommunications and Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement... more Read more »

Klarna kicks off February with Smoooth Sessions: a future-gazing edition

Last night, leading payments provider Klarna held its first “Smoooth Sessions” event of the year, with a panel of retail experts coming together to consider the future of retail.  Read more »

Growing Number Of High Streets Banks Adopt Unique Cheque Fraud Prevention Tool

The TALL Group of Companies, the UK’s leading provider of secure electronic and paper payments solutions is working with a growing number of high street banks that have all signed up as early adopters of UCN Plus®, in a move designed to strengthen the industry’s protection against cheque fraud within the UK payments systems. Read more »

Paysend Develops Payment Solution For $1 Billion Pakistani Freelance Market

 Global fintech company Paysend has partnered with Pakistan’s JS Bank to support the launch a new payment solution for freelancers. The ‘Freelance Wallet’ will enable freelancers in Pakistan, estimated at 1.15 million in number and earning in excess of $1 billion per year, to be paid on time and in full. The JS Bank Freelance Wallet is an app-based solution to which payment can be sent using just a mobile number. The absence of relevant payment... more Read more »


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