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Stripe moves into in-store payments

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Stripe moves into in-store payments

Stripe is going after the high street, launching its own point-of-sale payments terminal package targeted at online retailers making the jump to offline.

New York sues the OCC over fintech charter rule

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New York sues the OCC over fintech charter rule

New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.

China UnionPay to enter European market

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China UnionPay to enter European market

The world's largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.

Nearly half of UK transactions now contactless

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Nearly half of UK transactions now contactless

The UK's love affair with contactless payments continues to flourish, with almost one in two transactions now tap and pay, according to Mastercard figures.

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BofA Merrill introduces mobile wallets for business cardholders

Starting this month, mobile wallets will begin to make our commercial clients’ lives easier through faster, more secure and more efficient business purchases, while providing the same convenience they have in their personal transactions.

European committee green-lights tougher sentences for digital payments fraud

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European committee green-lights tougher sentences for digital payments fraud

Criminals cashing in on digital payment trends and the rise of cryptocurrencies can expect stiffer jail sentences under new rules approved by a powerful European Parliament committee.

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Paysend debuts Global Account

Paysend, an international payments and money transfer company, is today announcing the beta program for its new Global Account service.

Regulator to crack down on ATM closures

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Regulator to crack down on ATM closures

The UK's Payment Systems Regulator is promising to take action to protect the availability of free-to-use cash machines across the country after the publication of new figures by network operator Link which show more than 250 machines a month disappearing from the high street.

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UnionPay brings mobile payments to Hong Kong and Macau

UnionPay International announced today that in answer to the construction of the Greater Bay Area and to meet the increasingly payment needs brought by the exchanges between Hong Kong/Macau and the Chinese Mainland, the unified mobile payment app of China's banking industry, "UnionPay", has started offering service to customers in Hong Kong and Macau, facilitating the interconnection of mobile payment in the Greater Bay Area.

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Thames Technology joins the Multos consortium

The MULTOS Consortium, a group of international blue chip organisations responsible for the promotion and development of the MULTOS specifications that bring additional choice and flexibility to personalisation, announced today that Thames Technology Limited, one of Europe’s largest and most trusted card issuing partners; a market leader in the design, manufacture, personalisation and distribution of payment and retail card programmes, has joined as a Partner Member.

Card payments dominate UK retail sales as cash usage falls

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Card payments dominate UK retail sales as cash usage falls

Cards now account for more than three quarters of the value of retail purchases in the UK, as contactless payments continue to eat into cash's share of the pie.

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Cubic wins contract for next-gen fare payments in San Francisco

Cubic Corporation (NYSE: CUB) today announced that its Cubic Transportation Systems (CTS) business division has been selected as the preferred bidder by the San Francisco Metropolitan Transportation Commission (MTC) to deliver the next-generation fare payment system to the Bay Area.

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BA takedown linked to perpetrators of Ticketmaster breach

RiskIQ, the global leader in digital risk management, today revealed that its researchers traced the breach of 380,000 sets of payment information belonging to customers of British Airways to Magecart, the credit-card skimming group made infamous for its July breach of Ticketmaster.

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Ravelin raises £8m to help secure online commerce from the growing threat of fraud

Ravelin, the London-based fraud and risk prediction company, today announced an £8M Series B round led by BlackFin Capital Partners to expand its overseas business and extend its market reach.

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FreedomPay gets Elavon UK certification

FreedomPay, the global leader in secure commerce technology for lodging, gaming, retail, restaurants, stadiums and other hospitality merchants, has announced the receipt of the Elavon UK certification for their Commerce Connect eCommerce and PCI-validated point-to-point encryption (P2PE) compliant ePayments solution for the European market.

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Japan Race Course introduces contactless, biometric betting machines

Fujitsu Limited and Fujitsu Frontech Limited today announced that their jointly developed biometric-enabled cashless betting machines will be put to use by the Japan Racing Association (JRA).

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South African mPOS supplier Yoco secures Series B raise of $16 million

Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank) and existing Series A investors Quona Capital and Velocity Capital.

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UMB contracts with Fraedom for full suite of card services

Fintech provider Fraedom, acquired by Visa earlier this year, and US-based financial services company UMB Financial Corporation have announced a partnership that will enable UMB to develop a full suite of card services, including expense and card management, reporting and a mobile app, to support its business customers.

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Elavon acquires Electronic Transaction Systems

Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia.

Cardnet glitch double charges consumers

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Cardnet glitch double charges consumers

Lloyds Bank is apologising to consumers and merchants after a glitch in its Cardnet eftpos terminals charged thousands of customers twice for debit card payments, and under- or overpaid settlement funds in merchant accounts.

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