Payments News

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MasterCard to acquire leading Turkish payment provider Provus

10 Oct 13 @ 10:43

MasterCard says it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. “Today’s announcement represents an exciting new chapter... read more

MasterCard study reveals the rapidly growing cashless economies

08 Oct 13 @ 16:45

MasterCard  has identified Belgium, France and Canada are the closest to cashless economies and China and UAE have the fastest trajectory, in a new global report, “The Cashless Journey,” that... read more

Raphaels Bank get double win at Prepaid Awards 2013

08 Oct 13 @ 14:17

One of Britain’s oldest independent banks, Raphaels Bank, won two awards at the prestigious Prepaid Awards at the Lancaster Hotel, London on 2nd October 2013. Commercial Director, Mike Smith was voted Leading Global... read more

Australian banks select FIS to deploy new eftpos payments hub

03 Oct 13 @ 16:13

The most commonly used debit card system in Australia is eftpos and it accounts for roughly 70% of the country’s debit card transactions. FIS’ global EFT switching platform will be... read more

Brits prefer to in-store shopping

03 Oct 13 @ 15:43

Traditional shopping methods are still winning the hearts, minds and wallets of British consumers according to Payment Generation Gap, a new analysis of British shoppers’ payments habits but shoppers want faster... read more

Occupy Money launches pre-paid Visa debit card

01 Oct 13 @ 13:25

The founders of the Occupy Money Cooperative, an off shoot of the  Occupy Wall Street group say they intend to launch a prepaid Visa card that will carry a small monthly fee. The... read more

Global ATM market grows as demand for cash increases

30 Sep 13 @ 09:41

a new study from London-based strategic research and consulting firm RBR, “Global ATM Market and Forecasts to 2018”, predicts the installed base of ATMs across the world is forecast to grow... read more

Facebook rolls out Autofill mobile payment application

26 Sep 13 @ 09:33

Facebook has rolled out “Autofill With Facebook” feature in partnership with PayPal, Stripe and Braintree to put an end to all typing required while filling in billing details. The social media giant tested this application... read more

Visa and MasterCard cut French card fees

24 Sep 13 @ 14:19

Visa and MasterCard have agreed to cut the fees to process credit card transactions in France by almost half. The French Competition Authority announced the agreement with Visa and MasterCard in the wake of... read more

PayPal closes in on deal for Braintree Payments

24 Sep 13 @ 14:13

Research firm Gartner expects the mobile-payments market to grow by 31% this year to $235.4 billion — and to increase by more than three-fold by 2017. For this reason, PayPal... read more

Chinese payment and banking cards market driving global growth

24 Sep 13 @ 13:06

A new report from IHS Electronics & Media shows annual volumes of smart payment and banking cards shipped in China are forecast to increase to around 1.5 billion units in... read more

SIX acquires Austrian card provider PayLife

23 Sep 13 @ 12:09

SIX is underscoring its intention to push its international growth and become one of Europe’s leading providers for card-based payment services by acquiring PayLife GmbH, the Austrian market leader in the... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more