02 Oct 14 @ 15:23

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

02 Oct 14 @ 15:08

UK retailers have welcomed the historic court ruling to cap interchange fees retailers pay banks to process card payments. The judgment by the European Court of Justice comprehensively and decisively... read more

02 Oct 14 @ 15:07

The global market for smart cards  will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In... read more

02 Oct 14 @ 15:02

Joe Oliver, the Canadian Finance Minister, is said to be pressing credit card companies and banks to accept lower credit card fees paid by retailers, which the government claims are... read more

02 Oct 14 @ 14:56

The 100th anniversary of the credit card industry’s birth is a good reason to look back at some of the key events in the history of one of the most... read more

29 Sep 14 @ 09:34

The rollout of chip and PIN credit cards could cost $8.6 billion or more. Some experts say it’s not worth it – that the technology is already obsolete, and that... read more

17 Sep 14 @ 11:43

As reported in PCM yesterday, Transport for London (TfL) has extended contactless payment support to the full Oyster network and operator EE has expanded its mobile micropayment service accordingly. Cash... read more

16 Sep 14 @ 13:55

The launch of RuPay in India and plans for a Russian payment network indicate a resurgence in domestic schemes, but at what cost to the international players? While Europe’s banks... read more

16 Sep 14 @ 11:21

The global market for smart cards  will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In... read more

12 Sep 14 @ 13:02

Apple may work with China’s leading issuer of credit cards China UnionPay to offer Apple Pay via NFC (Near Field Communication) supported payment systems with its latest smartphone, the iPhone... read more

12 Sep 14 @ 12:53

Joe Oliver, the Canadian Finance Minister, is said to be pressing credit card companies and banks to accept lower credit card fees paid by retailers, which the government claims are among... read more

12 Sep 14 @ 11:16

Citigroup has claimed to be the first global bank to introduce its own branded digital wallet in the US. However, questions are being asked as to how many of Citi’s... read more

11 Sep 14 @ 10:36

UK retailers have today welcomed an historic court ruling to end card fees retailers pay banks to process card payments (known as interchange fees). Today’s judgement by the European Court... read more

10 Sep 14 @ 11:19

A nice, neat explanation of the salient points of Apple Pay: User: iTunes account with Visa or MasterCard or Amex card on file and issued by the most popular banks,... read more

29 Aug 14 @ 13:16

Nigeria’s national eID card scheme has been officially launched. In the pilot phase, the Nigerian Identity Management Commission (NIMC) will issue MasterCard-branded identity cards with electronic payments functionality to 13... read more

27 Aug 14 @ 11:54

BPC Banking Technologies, a global provider of open system payment solutions, has been selected by Ethiopia’s EthSwitch to power its national switching operations in Ethiopia. BPC’s SmartVista solution was selected... read more

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

29 Jul 14 @ 22:43

OpenWay and SBC Technologies have announced certification of the first mPOS chip and PIN solution in Russia for compliance with OpenWay technical requirements for EMV support and compatibility with the... read more

29 Jul 14 @ 22:35

Spurred by major data breaches at Target and other stores, the US banking and retail sectors are turning to more secure EMV payment cards, causing US shipments of these cards... read more

29 Jul 14 @ 22:23

This year’s mPOS World event, which took place in Frankfurt on 24-25 June and which was organised by the Empiria Group, welcomed over 240 attendees and 38 speakers from around... read more