05 August 2015

All payments news

Visa is opening a new technology development centre in Bangalore that will house 1000 staff, as the card scheme prepares for the roll out of a new mobile payment service for the Indian market.

SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.

US bears the brunt of global card fraud losses

2 hours ago  | 2 comments | 8 tweets | 2 linkedin

The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.

Samsung engineers payments for TV

3 hours ago  | 0 comments | 8 tweets | 3 linkedin

Samsung is to equip its television sets with a new way for viewers to pay for goods and services from the comfort of their armchair.

Appeals court revives Visa, MasterCard ATM fee lawsuits

18 hours ago  | 1 comments | 7 tweets | 4 linkedin

In a bad day in court for the card firms, a federal appeals court has revived ATM access fee litigation against Visa and MasterCard, while in a separate case a judge has rejected American Express's interchange fee class action settlement.

The Open University has teamed up with UK fintech trade body Innovate Finance to launch the world's first introductory course to financial technology.

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