Will EMV technology make prepaids too expensive to issue?

Chip-and-pin technology in prepaid cards would have made the recent $45 million bank swindle virtually impossible to pull off, given that there would be no way to counterfeit prepaid cards using data swiped from online databases. And there's no question...

Dortmunder Volksbank's mobile payment product evolves with new virtual card

German bank Dortmunder Volksbank has announced the release of a new mobile virtual credit card based on MasterCard contactless PayPass technology, using the Giesecke & Devrient trusted service manager solution, and with the cooperation of systems integrator DG Verlag. DG...

PayPal to reach 2 million retail outlets by year-end through Discover

When PayPal announced that its relationship with Discover had been turned on this week, Don Kingsborough, head of retail at PayPal, said the company expected to be in 2 million retail locations by the end of this year. That seemed a bold prediction considering they were in only 250,000 when the news was announced.

Visa Europe improves P2P mobile payments service

Visa Europe has announced major improvements to its mobile payment service Visa Personal Payments, including support for multiple currencies and "immediate payment" functionality. The pending upgrades will let customers make instant person-to-person payments to any Visa cardholder in Europe, in...

Canada first North American market for MasterPass

MasterCard has announced that Canada will be the first North American market to offer consumers the MasterPass digital wallet. Merchants including Porter Airlines, WagJag, Jaunt.ca and Grocery Gateway will make MasterPass available as a payment method on their e-commerce sites,...

Rakuten.com Shopping implements MasterCard's MasterPass

Rakuten.com Shopping has signed up with MasterPass, MasterCard's new digital wallet service. Using MasterPass, consumers can use any payment card or enabled device to buy online or on their mobile.

Visa may have to pay billions for European network

The European banks that currently own Visa Europe are thinking of setting up their own competing payments network in Europe. Not only would this mean new competition for the card giant in its European markets, but it would also mean...

Visa adds Overstock.com to V.me digital wallet

Visa Inc. is adding partners to its V.me digital wallet, announcing that online discount retailer Overstock.com Inc.

Monitise, Visa Europe agree to three year partnership

Monitise PLC and Visa Europe have signed a new three-year commercial agreement, the companies announced. The deal covers the development and deployment of Monitise mobile technology — including Buy Anything mobile services and Bank Anywhere and Pay Anyone products —...

Foursquare teams with Visa, MasterCard on card-user discount program

Foursquare has announced the expansion of its Foursquare Specials for Credit Cards program to accept Visa, MasterCard and most debit cards. The new offering follows the same model as an existing arrangement between Foursquare and American Express: Consumers sync their...

MasterCard, VimpelCom collaborate on mobile payments

MasterCard and telco provider VimpelCom have formed a strategic partnership that will combine MasterCard mobile payments technology and solutions with globally integrated telecommunications services from VimpelCom. The partnership, which was announced at Mobile World Congress in Barcelona, will provide payment...

Brands team up for mPOS project in Kenya

At Mobile World Congress today, MasterCard announced a collaboration with Equity Bank to introduce mobile point-of-sale technology to Kenya. The service will be implemented in partnership with mPOS provider Ezetap. "Our collaboration with Equity Bank and Ezetap to introduce this...

VeriFone to integrate MasterPass with its GlobalBay solutions

Alongside the debut of the MasterPass digital wallet service, MasterCard announced that point-of-sale maker VeriFone is partnering to bring MasterPass into its GlobalBay Mobile Point of Sale and GlobalBay Clienteling applications. The integration of MasterPass as a cloud-based payment method...

Visa establishes program for mobile payment providers, partners

Visa wants to make payments easier, or at least easier to understand. The payment giant announced the launch of a new partner program that it said is intended "to accelerate the introduction of innovative payment solutions globally and further drive...

GSMA to offer MWC delegates a mobile wallet

A group of delegates to the Mobile World Congress in Barcelona will be offered the opportunity to pay with their phones. CaixaBank, Gemalto, Telefónica and Visa Europe have announced they will be offering 3,500 delegates at the conference a smartphone complete with a mobile wallet pre-loaded with €15 ($20).

Report: Young adults not enamored with credit cards

According to a report from Mercator Advisory Group, consumer credit card use remains steady, but young adults age 18 to 35 are eschewing credit cards. In its "Consumers and Credit 2012: Come Back, Young Cardholders" report, Mercator said that only 59 percent of young adults in this age group have credit cards.

Visa to launch cloud, NFC payments in UK this year

The U.K. will see a cloud-based digital wallet service this year, according to Visa.

Visa announces managed mobile money services

Card brand Visa Inc. announced its new plug-and-play mobile money platform aimed at making it easier for financial institutions and mobile network operators around the world to offer mobile financial services to consumers.

Mobile payments at 'the world's best bar'

A38 is the best bar in the world, at least according to Lonely Planet. And now the Budapest nightclub is letting patrons purchase tickets for its programs and concerts using a virtual wallet from MasterCard.

Amex lets cardholders buy with tweets

American Express is going beyond discounts and adding purchasing to its social tools. Amex members who link their cards to their Twitter accounts will be able to make purchases by tweeting special hashtags.

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