Payments News

20 Aug 14 @ 15:15

Russia’s MDM Bank has partnered with Chinese payment network China UnionPay (CUP) to issue CUP-branded cards. Other Russian banks, including Alfa Bank, Gazprombank and Bank of Moscow are also preparing... read more

20 Aug 14 @ 15:10

M-Pesa, the African mobile money phenomenon, will see its transaction fees for low-value payments being significantly reduced as its owner, Vodafone subsidiary Safaricom, prepares to fight competition from rival services... read more

20 Aug 14 @ 15:07

PayPal has launched a new mobile ap product, One Touch, for merchants and app developers. One Touch has been built in conjunction with eBay unit Braintree, and is modeled on... read more

20 Aug 14 @ 15:02

E-commerce giant Overstock has announced that bitcoin payments will be available on its international website from 1 September. Patrick Byrne, CEO of Overstock.com, has announced that the company intends to... read more

19 Aug 14 @ 15:53

UK banks are launching a ‘retry’ system that will give customers a second chance to avoid bounced payments and their associated fees. From 1 September, when a customer’s standing order,... read more

19 Aug 14 @ 15:46

Top Image Systems, a provider of enterprise content management and business process management solutions, and a mobile imaging platform provider, has forged a long-term transaction-based deal with Allied Payment Network... read more

19 Aug 14 @ 15:39

Digital security specialist Oberthur Technologies has signed an agreement to acquire display card manufacturer NagraID Security. Oberthur will acquire a 100% equity stake of NagraID Security from the Kudelski Group... read more

19 Aug 14 @ 15:35

mPOS player Square is extending its small business cash advance financing programme after securing investment from Victory Park Capital. The Square Capital programme is aimed at small businesses using its... read more

18 Aug 14 @ 15:39

US consultancy First Annapolis has highlighted how issuers are feeling heightened pressure to migrate card portfolios to EMV as the October 2015 liability shift deadline quickly approaches. After a spate... read more

18 Aug 14 @ 15:34

European mPOS specialist SumUp has closed a double-digit million dollar Series C funding round led by Russian fintech venture capital fund Life.Sreda. Existing investors, including Groupon, BBVA Ventures and various... read more

18 Aug 14 @ 15:31

Online auction site eBay is planning to integrate bitcoin into its Braintree payments service. The move comes after executives from eBay’s online payments unit PayPal held meetings with digital currency... read more

15 Aug 14 @ 13:34

Barclaycard, which recently laumched ‘bPay’ contactless wristbands, is offering businesses customer behavioural data mined from the wearable devices. Barclaycard will begin a full roll-out of bPay bands next year, allowing... read more