MasterCard shows positive stats of EMV chip adoption
- 8 years 7 months ago
- Payments, Security, Data Protection, Fraud Detection
Americans are quickly embracing EMV chip cards, just six months after the latest milestone in the migration timeline. While consumers increasingly dip their cards to pay in-store, progress has been made by both card issuers and merchants. MasterCard provided an update on how its cardholders, partners and customers are adopting the safer, more secure EMV chip technology: More than two-thirds – 67 percent – of U.S.-issued MasterCard-branded... more
Uphold and IDFC Bank team up on cross border payments
- 8 years 7 months ago
- Payments, Money Transfers
Uphold, the cloud-based financial platform, is launching its services into India. Now, Uphold members - in any market - can instantly send money or make payments to anyone in India, redeemable directly through any Indian bank.
Fiserv DNA Selected by Three Credit Unions
- 8 years 8 months ago
- Trading Systems, Trade Finance, Payments
Fiserv announced that during a two-week period in the fourth quarter of 2015, three credit unions successfully implemented DNA®, a real-time, open architecture account processing platform, along with integrated surround solutions from Fiserv. The credit unions include: Neighbors Federal Credit Union ($724 million in assets), based in Baton Rouge, Louisiana; Texas Dow Employees Credit Union ($2.7 billion in assets), based in Lake Jackson, Texas;... more
Afghanistan Payments Systems Will Be Boosted by SmartVista
- 8 years 8 months ago
- Payments
BPC Banking Technologies launches another national payment system based on SmartVista. Afghanistan Payments Systems (APS) is a consortium of financial institutions funded by Da Afghanistan Bank (standing as the Central Bank) through the World Bank, and is aimed to help in developing the retail banking market in Afghanistan by providing innovative electronic and mobile payment services.
Global Payments to Support Samsung Pay in China
- 8 years 8 months ago
- Payments, Retail Banking
Global Payments is pleased to offer merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider, Global Payments’ robust suite of payment solutions is fully enabled for acceptance, allowing merchants to offer their customers the convenience of Samsung Pay.
Financial Partners support Bluefin’s growth with $6 million investment
- 8 years 8 months ago
- Payments
Financial Partners, the private equity group of Napier Park Global Capital (US) LP (“Napier Park”), and Camden Partners have led a $6 million growth equity financing for Bluefin Payment Systems. Co-investors included Jeff Liesendahl, the former CEO of Accertify, and members of the management team. Napier Park is an alternative asset manager with approximately $6.2 billion in capital under management as of January 1st, 2016. Napier Park’s... more
EMVCo Adds Payment Account Reference to Payment Tokenisation
- 8 years 8 months ago
- Payments, Infrastructure
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.
MBNA's Customers Will Benefit from Android Pay
- 8 years 8 months ago
- Payments, Retail Banking
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
SWIFT and CIPS Co Partner for a Cross-border Interbank Payment System Cooperation
- 8 years 8 months ago
- Payments, Infrastructure
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
Xerox and Tradeshift to Provide Real-time Procurement and Accounts Payable Services
- 8 years 8 months ago
- Payments, Infrastructure
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.
JAVELIN Unveils Mobile Wallet Analysis Model
- 8 years 8 months ago
- Payments
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
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.
American Express Offers Apple Pay for UK Corporate Cardmembers
- 8 years 8 months ago
- Payments, Retail Banking
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.
Lloyds Bank, Halifax and Bank of Scotland Customers Will Benefit from Android Pay
- 8 years 8 months ago
- Payments, Retail Banking
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.
Cummins Allison Concerned About New Polymer Currency
- 8 years 8 months ago
- Payments
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
