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News/Cards
In a first for cash-loving Germany, Deutsche Bank has added host card emulation-based contactless payments to its Android app.
05 April 2017
Company update/Cards
NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, has launched the NCR Silver family of point-of-sale (POS) solutions to Australian retail, service and restaurant merchants.
PayPal (PYPL) and Visa (NYSE:V) today announced an extension of their U.S. partnership in Asia Pacific that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in markets throughout the region.
Supporters of digital payment schemes like to push the idea that a cash-free future is just around the corner, yet fully three-quarters of all Euro zone payments at the point-of-sale are still made in cash, according to the European Central bank.
04 April 2017
InComm, a leading prepaid product and transaction services company, announced today that InComm Japan is partnering with Tencent FiT (Financial Technology), the provider of WeChat Pay services and part of the Tencent group of companies headquartered in Shenzen, China.
Visa and four of the UK's leading banks are partnering with Amazon on the launch of a new commercial marketplace for businesses shopping on the popular e-commerce site.
Despite a concerted effort from governments, NGOs and the private sector, the world has made only patchy progress towards digital money readiness, according to a report from Citi and Imperial College London.
Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor.
03 April 2017
WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced that it will begin issuing virtual credit cards in Singapore, expanding its program in the Asian region that currently includes Hong Kong and Thailand.
The Financial Conduct Authority (FCA) is today proposing new rules to help customers who are in persistent credit card debt.
Now pay, transact and withdraw money at your local kirana store with ItzCash’s Point-of-Sale machine. ItzCash India’s leading player in the digital payment space and a pioneer in prepaid card industry, today, announced further investment and scale up of its Point-of-Sale terminals.
Commonwealth Bank of Australia says that its decision to move into the point-of-sale hardware market two years ago has proved a success, with more than 75,000 terminals operating across the country.
The UK's Financial Conduct Authority is co-ordinating an initiative to address the risks of fraud on contactless cards that have been reported as lost or stolen.
31 March 2017
Citigroup Pty Limited (Citibank) has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions.
Harbortouch, a market leader in point-of-sale (POS) payment solutions, is establishing a product development division in Lithuania.
30 March 2017
Finextra TV/Cards
Carlos Menendez, President, Enterprise Partnerships, Mastercard, speaks about developments in smart cities and what technology is required for this.
As more Americans turn to their devices for mobile shopping, the need for simple and secure ways to pay are evident for both consumers and merchants. Visa Checkout, the easier way to use a Visa card online, allows customers to pay in just a few clicks on any device around the web and around the world.
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show.
Recognizing the integral role small and medium enterprises (SMEs) play in developing Asia Pacific’s economies, Mastercard together with Maestrano today announced a strategic partnership to encourage SME development by enabling issuing banks across the region to leverage cloud-based technologies.
As the US finally made the switch to EMV chip cards, last year saw e-commerce fraud rates jump by 33%, according to data from Experian.
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