Latest Eftpos News: Finextra Research

Korea lays down plans for a 'coinless society'

Korea's Central Bank has outlined plans to pursue a 'coinless society' project by piloting a service that allows customers to receive small change from merchants as a top-up onto a pre-paid card.

10 January 2017

Company update/Eftpos

USA Technologies integrates loyalty platform with Apple Pay

USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment technology provider of cashless and mobile transactions in self-serve retail, today announced it plans to integrate its MORE. loyalty and payroll deduct platform with Apple Pay, for use at up to 300,000 machines nationwide.

05 January 2017

Company update/Eftpos

ACI Worldwide to power fraud protection for Kuwait's national payments switch

ACI Worldwide (ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that The Shared Electronic Banking Services Company (KNET) in Kuwait has expanded its relationship with the company and will leverage its payments risk management solution to power fraud protection for its member banks.

04 January 2017

Company update/Eftpos

Fime joins UnionPay QuickPass sponsorship program

Fime today announces that its test laboratories in France and Taiwan are now eligible to support terminal manufacturers and kernel developers as part of the UnionPay QuickPass sponsorship program.

04 January 2017

Company update/Eftpos

PAX Technology reports China UnionPay Merchant Services deal

PAX Technology (HKEx: 00327 - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, is pleased that China UnionPay Merchant Services ("UMS") has selected PAX to supply secure payment devices to over 6 million merchants during 2017.

03 January 2017

Company update/Eftpos

SIX Payment Services rolls out terminals for Swiss Post

SIX Payment Services is equipping the Swiss Post with payment terminals and is concluding the rollout four months ahead of schedule.

03 January 2017

Company update/Eftpos

Concardis partners with IAV to develop automotive marketplace

Payment service provider Concardis and IAV, one of the leading development partners for the automotive industry, will be presenting the Automotive Marketplace at the Consumer Electronics Show (CES) from 5 to 8 January 2017 in Las Vegas.

03 January 2017

Company update/Eftpos

SIA completes acquisition of Unicredit card ops in three European countries

Friday 23rd December 2016 saw the completion of the acquisition by SIA of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATM terminals in Italy, Germany and Austria from Unicredit Business Integrated Solutions (UBIS), a company in the Unicredit Group, for the sum of €500 million.

27 December 2016

News/Eftpos

London pub trials self-service beer pump with contactless card reader

This Christmas drinkers in one London pub will be spared the ritual of frantically waving £20 notes at bar staff in an effort to grab their attention, thanks to a self-service beer pump with built-in contactless payment capabilities.

16 December 2016

Company update/Eftpos

Citi and PayPal form alliance

Today, Citi announced a strategic agreement with PayPal, which will enable Citi cardmembers to use their Citi Cards with PayPal seamlessly – online, in-app and in store – in 2017. Terms of the agreement are not being disclosed.

15 December 2016

News/Eftpos

Cash to account for less than a quarter of US transactions by 2026 - research

The rise of mobile and contactless payments means that by 2026 cash will account for less than a quarter of all transactions in the US, according to research from law firm Paul Hastings and the Centre for Economics & Business Research (Cebr).

15 December 2016

Company update/Eftpos

China UnionPay qualifies Fime test platform

Fime’s chip payment test platform Savvi – used by acquirers, processors and merchants globally for terminal integration testing – now supports China UnionPay (UnionPay) certification.

14 December 2016

News/Eftpos

Standard Bank snaps up mobile payments outfit

South Africa's Standard Bank has bought a majority stake in Firepay, the local startup behind popular QR code-based mobile payments service SnapScan. Financial terms have not been disclosed.

13 December 2016

Company update/Eftpos

Carte Bancaire taps Gemalto for mobile payments

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has been selected by "Le Groupement d'intérêt Economique des Cartes Bancaires (CB)" in France to supply the technology of its PURE payment solution for mobiles.

09 December 2016

Company update/Eftpos

Quest Payment Systems adds support for Alipay in Australia

Quest Payment Systems Pty Ltd, an innovative Australian payments provider has collaborated with Alipay, the largest mobile and online payment company in the world, to launch Alipay in Australian stores.

09 December 2016

News/Eftpos

Belfius joins ING and KBC in combined mobile and loyalty platform

Another Belgian bank, Belfius has joined ING and KBC in contributing towards the roll out of an integrated mobile payments and loyalty platform based on the Dutch bank's payment app Payconiq.

08 December 2016

Company update/Eftpos

Square acquires Main Line Delivery

Square, Inc. (NYSE: SQ) announced today that it has completed the acquisition of certain assets of Main Line Delivery, an easy-to-use service that allows diners to place orders for delivery from popular restaurants in the Main Line region of Philadelphia.

08 December 2016

Company update/Eftpos

First Data launches Clover Mini and Mobile devices in the UK

First Data (NYSE: FDC), the global leader in commerce-enabling technology, today announced the expansion of its Clover platform with the official launch of Clover Mini and Clover Mobile in the U.K.

08 December 2016

News/Eftpos

Loyalty wallet Bink secures £2 million in new funding

Digital loyalty startup Bink has secured £2 million in financing from angel investors, bringing total funding to over £10 million.

08 December 2016

News/Eftpos

Alipay advances on Europe with bank and processor deals

Alipay's advance into European markets shows no sign of slowing down as SIX Payment Services becomes the latest terminal vendor to add support for the popular Chinese mobile app. The company has also signed deals with BNP Paribas, Barclays and UniCredit.

06 December 2016