MNepal, eServGlobal partner for Nepalese mobile financial services

MNepal, a consortium of bank and non-bank entities, is to offer financial services in Nepal in partnership with eServGlobal, according to an announcement from the companies. Paris-based eServGlobal provides end-to-end mobile financial services technology to emerging markets. The two companies...

MasterCard launching MasterPass in UAE

MasterCard plans to roll out its MasterPass digital wallet platform in the UAE on mobile devices during 2014, according to a Gulf News report. Countries where MasterPass is already available include the U.K, Australia, Spain, Italy, Canada and the U.S....

MasterPass-enabled mobile wallet launched by Cellum, OTP Bank Hungary

OTP Bank Hungary has become the first European bank to launch a digital wallet with an integrated MasterPass application programming interface, according to announcements from MasterCard and app developer Cellum. MasterPass is a digital platform developed by MasterCard that allows...

Ukash launches app-enabled instant-issue prepaid MasterCard

A mobile app-enabled general-purpose reloadable prepaid MasterCard has been launched by e-commerce voucher provider Ukash. The Ukash Prepaid MasterCard's app, available for iPhone and Android devices, allows customers to check their card balance, view card account details, check recent transaction...

Elavon joins Zapp for UK mobile payments

Mobile payments provider Zapp announced it is approaching near total coverage of U.K. merchants with the addition of Elavon to its roster of supporting payment service providers. WorldPay, Optimal Payments, Realex and SagePay are Zapp's existing payment partners, while HSBC,...

NFC gets boost from Visa, MasterCard support for HCE

Banks around the world have been applauding MasterCard and Visa's support for Host Card Emulation, or HCE. In November 2013, Android started supporting HCE in its KitKat 4.4 operating system. HCE allows NFC applications on Android devices to emulate smart cards and financial institutions to host payment accounts in a virtual cloud.

Weve telco JV joins MasterCard for UK contactless mobile payments

Weve, the joint venture between the U.K.'s three largest mobile network operators, is partnering with MasterCard to create a platform for contactless mobile payments in the U.K. The joint venture shareholders, EE, Telefonica U.K. (O2) and Vodafone U.K., represent more than 80 percent of the U.K.'s mobile customesr, Weve said.

Target puts EMV migration on fast forward

This week, Target Corp. called for all stakeholders to take up the "shared responsibility" of payments security as it announced an accelerated timeline for its own $100 million EMV migration plan.

Retailers call for collaborative approach to fighting fraud

The National Retail Federation today urged Congress to take a comprehensive approach as it contemplates a national response to criminal cyberattacks in which millions of consumers' credit and debit card numbers were stolen. NRF said retailers are willing to do...

Heartland lawsuit accuses Mercury of deceptive trade practices (updated)

Jan. 31: This story has been updated to include a statement from Mercury Payment Systems. The payments processing giant Heartland Payment Systems Inc.

T-Mobile's prepaid Visa card driven by Blackhawk Network

T-Mobile's new Mobile Money account and its associated reloadable prepaid Visa card, which were announced last week, are powered by technology and service provided by Blackhawk Network California. Based in Pleasanton, Calif., Blackhawk Network California is an affiliate of Blackhawk...

Spanish department store chain opts for contactless payments

El Corte Inglés, Europe's largest department store chain, has installed more than 5,200 contactless POS terminals in its Spanish stores, representing 25 percent of its total POS terminal base. Madrid-based El Corte Inglés said customers will be able to pay...

UnionPay, Rêv Worldwide partner for prepaid cards

UnionPay International is to expand prepaid card issuance worldwide through a partnership with Rêv Worldwide. As part of the agreement, Rêv has become a registered non-bank third party service provider for UnionPay-branded prepaid products.

New Media Insight announces mCards loyalty program, branded gift cards

Mobile payments company New Media Insight Group announced today its mCard loyalty rewards and branded gift card programs in several states. According to the company, businesses can use mCards to effortlessly and securely create their own loyalty programs and branded...

Virtual MasterCard prepaid provider mCard set for Seattle, Chicago expansion

The mobile payments provider New Media Insight Group is expanding its mCard virtual card technology to Seattle and Chicago, following initial rollout in Arizona in November. The Phoenix -based company said it might add three more cities by the end...

Visa Europe sees fourfold growth in U.K. contactless payments

Visa Europe said 30.3 million Visa contactless cards are now in circulation in the U.K. and that 293,600 contactless terminals have been installed in the country. The card scheme said Visa contactless card transactions increased fourfold year-on-year in the U.K.

Could Target security breach help VeriFone?

There's no shortage of media analysis about who might benefit from the data breach at Target Corp., which exposed credit card information from millions of shoppers. Investors and analysts are circling companies that could benefit from a major upgrade in...

T-Mobile offers low cost banking with prepaid Visa card

T-Mobile U.S. is offering a raft of cheap banking services with its new reloadable T-Mobile Visa prepaid card, issued by The Bancorp Bank. The T-Mobile prepaid card comes with the Mobile Money by T-Mobile smartphone app, and has no charges for card activation, monthly maintenance, in-network ATM withdrawals or for replacing lost or stolen cards.

GlobalPlatform publishes contactless payments framework

GlobalPlatform has published a framework for end-to-end secure mobile services, focusing initially on contactless payments. GlobalPlatform is a cross-industry, not-for-profit association that develops and publishes specifications for secure chip technology. Members include card schemes as well as telecoms and technology...

Swedish banks set for 2014 MasterPass wallet launch

Three Nordic banks — Nordea, SEB and Swedbank — have announced plans to issue MasterCard MasterPass digital wallets in Sweden in 2014. They will offer bank-branded MasterPass wallets to their customers for use on connected devices such as smartphones, PCs...

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