Payments

EMVCo Adds Payment Account Reference to Payment Tokenisation

Global technical body EMVCo has released a bulletin updating the EMV® Payment Tokenisation Specification – Technical Framework to provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number (PAN) in the payment ecosystem. Read more »

MBNA's Customers Will Benefit from Android Pay

Credit card expert MBNA will bring Google’s Android Pay to its customers as the countdown to its UK launch, scheduled for later in 2016, begins. UK contactless spend increased steeply in 2015, more than trebling to reach £7.75 billion. With nearly one in eight card transactions now using contactless technology*, Android Pay will be the latest option for tech-savvy consumers who are forgoing not only cash but cards in favour of mobile wallet... more Read more »

SWIFT and CIPS Co Partner for a Cross-border Interbank Payment System Cooperation

SWIFT has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU sets out plans for a strategic collaboration to develop China’s Cross-border Interbank Payment System (CIPS) using SWIFT as the secure, efficient and reliable channel to connect CIPS with SWIFT’s global user community. SWIFT Chief Executive of Asia Pacific and EMEA, Alain Raes and CIPS Executive Director, Li Wei signed the MOU... more Read more »

Xerox and Tradeshift to Provide Real-time Procurement and Accounts Payable Services

Xerox today announced a global reseller agreement with Tradeshift to help customers improve their financial performance by giving them real-time visibility into their procurement and accounts payable processes.     Read more »

JAVELIN Unveils Mobile Wallet Analysis Model

As consumer awareness of mobile wallets has risen dramatically, financial institutions have a perfect opportunity to stake a claim in this market. As the barriers to wallet adoption drop, and issues with merchant adoption and consumer hesitation lessen, FI-branded wallets stand ready to reap the benefits. Today, JAVELIN released,What’s in your Mobile Wallet?, and introduced JAVELIN’s S.C.O.R.E. wallet analysis model for assessing and comparing... more Read more »

NCR and INETCO Help CU Anytime to Manage Multi-Vendor ATMS

CU Anytime will deploy an integrated channel management software solution from NCR and INETCO to proactively manage 225 multi-vendor ATMS. Next generation self-service management, cash optimization and real-time transaction monitoring software will be integrated to improve availability, reduce operational costs and guarantee exceptional service delivery to members. Read more »

American Express Offers Apple Pay for UK Corporate Cardmembers

American Express unveils that its UK Corporate Cardmembers can now benefit from Apple Pay to tap and pay with compatible Apple devices. Apple Pay helps American Express Cardmembers to pay with their Apple device at participating contactless merchants in-store and within participating apps, and to benefit from all of the protection and service offered by American Express. Read more »

Lloyds Bank, Halifax and Bank of Scotland Customers Will Benefit from Android Pay

Lloyds Bank, Halifax and Bank of Scotland customers will access to Android Pay, following Google’s announcement today that it is launching its mobile payments service in the UK. Read more »

Cummins Allison Concerned About New Polymer Currency

The introduction of new, polymer currency this year means businesses will face the biggest upheaval in UK currency since the introduction of the pound coin in 1983, says Cummins Allison, the leading innovator and provider of coin and currency processing solutions. The introduction of the new five pound notes in September, followed by new pound coins and ten pound notes in 2017, means the money counting machines that many businesses rely on to... more Read more »

3dcart Sellers Use Seamless Payment Support from Braintree

3dcart, a leading all-in-one eCommerce solution, is offering seamless payment processing from Braintree, a PayPal company, to allow easier online sales for small and medium-sized retailers. 3dcart’s 17,000 merchants will gain access to an end-to-end payment solution in which they can approve payments with a single click. Read more »

Fortumo Introduces Analytics Platform for Carrier Billing

The mobile payments company Fortumo is launching Fortumo Insight, a payments intelligence platform for mobile operators. Fortumo Insight helps mobile operators monitor their carrier billing performance and increase revenue from digital content.   Fortumo Insight provides access to key metrics about billing in different functions within mobile operator teams such as launching, fraud prevention, business development and marketing. Mobile operators... more Read more »

Western Union will be Available in Cuba

The Western Union Company (WU), a leader in global payments services, announced today that it will launch remittance services from across the world into Cuba following U.S. regulatory and policy changes that allow Cubans and non-Cubans to send remittances via Western Union to this island nation. For the first time, Cubans and other citizens worldwide will join their U.S. counterparts to send remittances into Cuba within minutes* using Western... more Read more »

Vibrant Credit Union benefits from Fiserv DNA® account processing platform

Vibrant Credit Union, based in Moline, Illinois, has completed its conversion to the DNA®  account processing platform and added several integrated solutions from Fiserv. Vibrant selected DNA to gain the advantages of an open, member-centered, core platform built on contemporary technology. The new platform enables Vibrant to deliver differentiated products and services and helps to create a distinct experience for its 41,000 members. Read more »

TFCU Will Benefit from ProPay to Integrate Pay-by-Text Loan Payments

ProPay®, a TSYS® company, announced today that El Paso Area Teachers Federal Credit Union (TFCU) has selected ProPay’s LenderPayTM solution to help provide members with new loan payment options above and beyond mobile apps and online bill pay. Members can now use their preferred debit card, credit card or bank account to pay TFCU loans by responding to a text message, clicking an email hyperlink or simply tapping their smartphone. There is no... more Read more »

OT Selected by Mondaine to Provide Watch Contactless Payments

Oberthur Technologies (OT), a leading global provider of embedded security software products and services, today announced its selection by Mondaine, a leading player in the watch industry, to offer watch contactless payments firstly in Switzerland, by providing the world’s first contactless payment chip the size of a SIM card for the watch market. OT’s pay chip is independent from the watch as it is inserted into the watch band or loop and can... more Read more »

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