London opens transit fares to contactless cards and mobile

Transport for London today announced that starting Sept. 16 it will enable commuters to pay for fares with any U.K.-bank-issued contactless credit, debit or prepaid card as well as through NFC-enabled Android handsets through the Cash on Tap app from...

Latest Apple rumor has company in talks with Visa, others

Expect Apple mobile wallet rumors to come fast and furious over the next six weeks as the iPhone 6 (and iWatch) approach on the horizon. The lastest rumor is from The Information, which reports Apple is discussuing a mobile payments...

Starbucks continues mobile payments growth

Mobile payments accounted for 15 percent of Starbucks' total U.S. revenue, the coffee giant said Thursday during its third quarter earnings call. CEO Howard Schultz told investors during the call that there are 12 million mobile app users in the U.S.

German Bitcoin ATM maker plans go big in the US with 1,000 deployments

By bringing its product into the U.S. market, BitXatm hopes to demonstrate stability of the Bitcoin system and stimulate mass adoption of cryptocurrency.

LoopPay secures investment from Visa

LoopPay, a mobile wallet platform provider, today announced it has received an investment from Visa, according to a press release. The investment is part of a larger strategic funding round for LoopPay, announced earlier this month, which includes Synchrony Financial...

Visa launches new tools to secure payments from Internet-connected devices and wearables

Visa Inc. today announced the creation of Visa Digital Solutions, what the card company said is a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables. Visa in the press release cited...

Risk management company expands coverage of AML product for cryptocurrencies

IdentityMind Global, a provider of risk management and payments products, announced today in a press release the international expansion of its anti-money laundering solution for Bitcoin and altcoins, including their low-cost Ignite program for Bitcoin startup companies. With its newly...

Consumers recognize mobile wallets, but security concerns prevent widespread use

The majority of U.S. consumers recognize digital wallets as an alternative to cash-based transactions, but use remains at less than one-third thanks to security concerns, according to a new study from Thrive Analytics.

Bango enables direct operator billing for Samsung Galaxy Apps with Etisalat

Bango announced Wednesday that it has enabled one-click direct operator billing for Samsung Galaxy Apps with Etisalat, a telecoms company with operations in 19 countries in the Middle East, Africa and Asia, according to a press release. This marks Bango's...

Amazon sneakily introduces barebones mobile wallet app

Amazon Wallet appeared on the Amazon Appstore and Google Play store late last week, but a number of Android fan blogs are just noticing it exists. Amazon's new app, which is a beta version, does not support mobile payments, but...

Westpac tests NFC-enabled mobile payments using HCE in New Zealand

Westpac is trialing Host Card Emulation (HCE) mobile payments and is the first bank in New Zealand to do so, according to an announcement from the financial institution. Westpac is using Carta Worldwide's HCE technology during the three-month trial, which...

Staples Europe to sell payleven mPOS terminals

Staples Europe today announced it has entered into a distribution partnership with mobile point-of-sale provider payleven. The payleven chip-and-PIN card reader is now available in all Staples stores in Germany, the U.K. and the Netherlands, and in respective Staples online...

BritCoin the latest virtual currency to make its debut

There's a new virtual currency on the market and it's called BritCoin. William Thomas, who is BritCoin's creator, told the International Business Times in an interview that this new virtual currency is meant to correct some inherent flaws with Bitcoin...

Software developer releases mPOS product exclusively for Microsoft tablets

ARBA Retail Systems, a point-of-sale software developer for retail and food services industries, has announced the launch of a new mobile point-of-sale product built specifically for the Microsoft Surface tablet series, according to a press release. The company said in...

Coinbase makes it easier to refill bitcoin wallet

Bitcoin digital wallet provider Coinbase over the weekend introduced a way for users to refill their account after a purchase, according to a blog post on the company's website. Users can immediately restock their bitcoin wallet from the checkout page when they click the "Repurchase" button after completing an order.

ACI Worldwide to acquire Retail Decisions to boost CNP fraud prevention

ACI Worldwide, a global provider of electronic payment and banking products, and Retail Decisions (ReD), a fraud prevention company, today announced that they have entered into a definitive transaction agreement, according to a press release. Under the terms of the...

IBM and Monitise expand product relationship, includes mobile banking

IBM and Monitise today announced an expanded, multi-year global alliance to deliver cloud-based mobile commerce products to help financial services institutions embrace the mobile channel and better engage with customers, according to a press release. As part of today's news,...

Dell to test bitcoin acceptance

Yet another computer hardware provider is accepting bitcoin as payment. Dell Friday announced on its community blog that it has partnered with Coinbase to accept the virutal currency on its website for both consumer and business purchases. Dells calls this...

Mobile payments coming to Snapchat?

Photo messaging mobile app Snapchat earlier this week filed two trademarks around processing peer-to-peer payments, funds transfers and online payments, according to an article from TechCrunch. The tech site reported that one of the trademards is for "computer application software...

Payments Council report claims UK leads the world in mobile payments

Following the April launch of Paym, a person-to-person mobile payment service, the U.K. Payments Council Thursday launched a research paper comparing mobile payments markets on an international basis.

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