Showing results for 'AI' in Articles
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Samsung Pay teams with card schemes and banks for launch

14 Aug 15 @ 15:41

Tech giant Samsung will launch its mobile payments service Samsung Pay in South Korea later this month, with Visa, MasterCard and major banks lining up for a US launch in... read more

PayPal Here enables SMEs to take contactless payments

14 Aug 15 @ 15:38

PayPal is now selling NFC-enabled card readers on its website aimed at small businesses, enabling them to accept contactless payments. The PayPal Here card reader costs £79.95 and is followed... read more

Coinify acquires digital currency rival Coinzone

13 Aug 15 @ 17:00

Danish digital currency processor Coinify has acquired Dutch rival processor Coinzone in order to create a pan-European provider of payment processing for online merchants and payment service providers. The deal... read more

CBA error double-charges transactions

13 Aug 15 @ 16:57

Commonwealth Bank of Australia (CBA) has apologised to its customers following a system error that saw customers being double-charged for debit, credit and mobile payments over a six-day period. The... read more

BlackBerry and PayPal team up for P2P payments

13 Aug 15 @ 16:53

BlackBerry has teamed up with e-commerce giant PayPal for a trial that lets BBM users in Canada send and receive money through its messaging service. Upon connecting their PayPal account,... read more

Mobile catching up on branches in US

12 Aug 15 @ 17:31

The mobile channel is catching up with the internet and branch as the most popular banking channel for US consumers, according to an American Bankers Association (ABA) survey. The ABA... read more

Paym reaches £70 million mark

12 Aug 15 @ 17:28

UK person-to-person mobile payments service Paym has recorded more than three-quarters of a million transactions in the first half of 2015. Paym lets users make payments from within their banking... read more

American Express adds Apple Pay for US corporate cards

11 Aug 15 @ 16:48

American Express has announced that its corportate card portfolio will be activated for Apple Pay, allowing cardmembers to pay on the go with compatible Apple devices. The mobile payment option... read more

Japan Post Bank selects Earthport payment network

11 Aug 15 @ 16:45

Cross-border payment transaction processor Earthport has forged an agreement to enable cross-border services for Japan Post Bank, one of Japan’s largest retail banks. The partnership will enable the bank to... read more

Optimal Payments completes Skrill acquisition for €1.1bn

11 Aug 15 @ 16:42

Global payment processor Optimal Payments has completed its acquisition of e-commerce and e-money solution provider Skrill Group for €1.1 billion. The acquisition will create a payment and e-wallet provider with... read more

Draft ISO 20022 standard for real-time payments published

10 Aug 15 @ 16:31

A global scheme aimed at establishing a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review. The ISO Real-Time Payments... read more

Poll: one in ten US consumers have received EMV cards

07 Aug 15 @ 16:41

The US migration to EMV is failing to gain momentum, with just one in 10 people receiving EMV cards, according to a new poll from GfK Public Affairs. Although the... read more

SIA and JCB sign merchant agreement in Italy

07 Aug 15 @ 16:38

Italian payment service provider SIA and JCB International, a major global payment brand operating in 190 countries around the world, have signed a five-year agreement for the processing of payment... read more

Android accounts for most mobile fraud – Kount

07 Aug 15 @ 16:36

The rate of mobile fraud is highest on Android devices, according to new data from fraud specialists Kount, with mobile fraud also outpacing that of online and in-store fraud for... read more

Vasco and Sumitomo Mitsui to create secure mobile banking app

06 Aug 15 @ 16:45

Vasco Data Security, a global digital security specialist, has announced that Sumitomo Mitsui Banking Corporation (SMBC) will provide their online retail banking customers with a highly-secure mobile banking solution for... read more

BW-Bank contracts Wordline for a further seven years

06 Aug 15 @ 16:36

Germany’s Baden-Württembergische Bank (BW-Bank) has extended its contract with global payment processor Worldline for a further seven-year term. The bank came to its decision based on the longstanding collaboration between... read more

US small businesses not ready for EMV

06 Aug 15 @ 16:31

A majority of US small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted in mid-July.... read more

US comprises bulk of global card fraud losses

05 Aug 15 @ 17:04

New figures from payment industry researchers The Nilson Report show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards in 2014. These figures... read more

SIX and Swisscom team up for mobile payments

05 Aug 15 @ 16:58

Swiss payment service provider SIX and telco Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide. The news follows the... read more

Visa develops new mobile payment service

05 Aug 15 @ 16:54

Visa is preparing for the launch of a new mobile payment service for the Indian market. As part of the plans, Visa is establishing a technology centre in the Bangalore... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more