Faster Payments will drive consumers to switch bank accounts

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 Read more »

VersaPay Closes office in US

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. Read more »

Samsung To Test Mobile Payments Service in South Korea

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. An official launch in South Korea and the US is expected to coincide with the unveiling of the Galaxy Note 5 handset next month.  Read more »

The 2015 level of VC investment in bitcoin companies exceeded investment in 2014

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.  Read more »

Micropross to release new product, to test contactless smart cards and NFC devices

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: Read more »

CHAPS Payment System Welcomes BNP Paribas as 22nd Direct Participant

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. Read more »

Vodat International Transforms In-Store Payments with NCR’s Authentic Software

 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. Read more »

MasterCard and PAY.ON Joined Forces To Enhance The MasterPass

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. Read more »

Pave To Expand in the USA

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. Pave is committed to assisting the next generation succeed both financially and professionally and has designed an affordable consumer loan specifically tailored to empower the careers... more Read more »

Apple Pay Has Launched in the UK

Apple Pay is now live in the UK, and MasterCard has announced that it will offer its cardholders immediate access to the new service helping them to use their cards where and how they want with a seamless experience.Users of Apple’s iPhone 6, iPhone 6 Plus and Apple Watch can make safe, secure and convenient payments at over 250,000 shops in the UK that accept contactless payments; and payments within apps using iPhone 6, iPhone 6 Plus, iPad Air... more Read more »

S2M Deploys Cryptomathic’s CardInk for Card Issuance Across Multiple Continents

S2M, a North African pioneer in card payment solutions, has deployed Cryptomathic’s CardInk, EMV data preparation system, to enhance the flexible issuance of its EMV chip card portfolio and support the growing customer demand across Africa, Asia, Europe and the Middle East. Read more »

IDT To Launch Direct-to-mobile-wallet Service In Kenya and Niger

IDT Corporation (IDT) announced today that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger. Customers can now send money directly from any Boss Revolution money transfer retailer in the U.S. to any Airtel Money account in either country. Read more »

Volante Technologies To Launch VolPay Channel

 Volante Technologies Inc., a global leader in the provision of financial message and data integration, validation and processing software, continues to challenge the current approach to payments processing dominated by legacy systems, by announcing today the launch of their latest payments processing product – VolPay Channel. Read more »

CFPB Outlines Guiding Principles for Faster Payment Networks

Today the Consumer Financial Protection Bureau (CFPB) outlined guiding principles for protecting consumers as the private sector develops new faster payment systems. These new systems are aimed at reducing “pocket-to-pocket” payment times between consumers and businesses or other entities. The CFPB wants to ensure any new payment systems are secure, transparent, accessible, and affordable to consumers. The systems should also have robust... more Read more »

Only 27% UK iPhone Owners Would Trust On Apple Pay

With the Apple Pay launch in the UK looming into view, new research from Forrester suggests the computing giant will have a tough task convincing consumers to put their trust in its services. Just 27% of UK online consumers owning an iPhone would trust Apple to provide a mobile digital wallet but they are still more likely to trust PayPal (43%), a bank (41%), a credit card network (40%), and Amazon (32%), according to Forrester's Technographics... more Read more »


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