Wirecard snags 3 major European retailers as Alipay Payments customers

Wirecard has won KaDeWe Group GmbH as a new customer for China-based mobile payment solution, Alipay, a news release said. With Wirecard technology, the Chinese payment method has been integrated into the POS system of the group's department stores. Initially,...

Allied Wallet adds WeChat Pay with 900 million active users

Online payment processing provider, Allied Wallet, has added WeChat Pay as a payment option to their platform, a news release said. . In the estimated $16 trillion Chinese mobile payments market, WeChat has over one billion users and its payment function, WeChat Pay, has over 900 million active users every month.

Idemia and JCP partner to launch Google Pay in Japan

Idemia, an augmented identity company, has partnered with JCB, an international payments provider, to launch Google Pay in Japan. The partnership will allow JCB credit, debit and prepaid cardholders to make contactless mobile payments with their Google Pay mobile wallet,...

MasterCard works with EasyPay in South Africa on mobile utility payments

South Africans can now buy prepaid utility services or pay their accounts from approximately 600 bill issuers with the new EasyPay Mobile app using Masterpass, the global digital payment service from MasterCard, according to a press release. MasterCard announced the...

Visa saunters down the runway with Fashion Week partnership

Visa this past week announced a new relationship with New York Fashion Week that will enable consumers to experience new ways to pay, including tapping to pay with contactless cards and devices, throughout the on-site experience at NFYW this month,...

Australian mobile loyalty platform teams with Visa

Australia-based mobile loyalty platform PokitPal has announced a partnership with Visa to roll out a scheme that will offer instant rewards, including cashback, to all Visa cardholders across the country, according to a press release. Starting in October, PokitPal will...

Visa notes progress with US EMV transition

Visa released June EMV statistics showing that the network continues to make progress on EMV migration in the U.S. According to a Visa press release: Card counterfeit fraud losses have been reduced 75 percent at EMV-enabled merchant locations since the...

Nigeria's Paystack scores $8M in latest funding round from Stripe, Visa, Tencent

Stripe, Visa and Tencent have contributed to a series A funding round for Paystack, a Nigerian-based company that specializes in providing merchants with online payment options. Paystack raised $8 million in this round, according to multiple reports. Tencent also had...

Visa invests in Japan's Paidy, a post-pay credit provider

Japan's Paidy, an instantly-issued post-pay credit provider, has announced an investment from Visa as part of the company's Series C funding, according to a press release. Paidy is Japan's first instantly-issued post-pay credit service for e-commerce consumers. The two companies...

Masabi brings more payment options for mobile bus tickets in Denver

Masabi recently announced that Bustang riders in Denver now have new options to pay for tickets when using the Justride Bustang mTicketing app with the addition of Masterpass and Apple Pay, according to a press release. To use Masterpass or...

Venmo officially launches companion debit card

After a year of tests, Venmo Monday officially launched a companion debit card to its popular mobile person-to-person app. The card, which is MasterCard-branded and contactless, is in limited release. Perspective users can join a waiting list for the card...

Mobeewave's brings mPOS product to the UAE

Network International, a payments product provider that services the Middle East and Africa, is set to rollout Mobeewave’s patented in-person contactless payment acceptance platform in the United Arab Emirates, according to a press release. MasterCard and IDEMIA also are involved...

Wirecard partners with Visa to drive digital financial technology

Wirecard and Visa this week announced they have signed a partnership agreement to collaborate on new products in the field of digital financial technology, according to a press release. Wirecard said that by combining its digital payment platform with Visa's...

Chase, PayPal partner for mobile wallet promo

As of today, Chase Freedom has added a new quarterly category — PayPal — and has brought back a customer favorite — Chase Pay and grocery stores — from April through June. According to a press release, the new category...

Study: Online card payments set to more than double by 2022

The number of card payments made online worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to RBR's annual survey of global payment cards. The RBR analysis reveals that the total number of...

Visa, Dynamics aim to provide a more "intelligent" payment card

Visa and Dynamics have unveiled the Dynamics Wallet Card, which the companies describe as a connected payment card that has the ability to access multiple card accounts, and has a programmable on-card display that enables account information, such as alerts...

JCB, iZettle launch London card acceptance awareness campaign

JCB International has partnered with mobile point-of-sale provider iZettle to launch an awareness campaign regarding JCB card acceptance across Europe.  As part of the campaign, London's famous black cabs will sport JCB and iZettle logos to raise awareness.

BigCommerce helps merchant partners with Visa Checkout integration

BigCommerce, a cloud e-commerce platform for businesses, and Visa have announced a new partnership to provide Visa Checkout to BigCommerce merchants, according to a press release. This integration enables the more than 28 million accounts already enrolled in Visa Checkout...

Payment card use grows worldwide

The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent. This indicates that consumers worldwide are increasingly choosing cards to make purchases, according to...

London's Judopay reaches deal with Visa for in-app payments

London-based Judopay, an m-commerce payments platform, is partnering with Visa to use the CyberSource payment management product to offer consumers a better digital payment experience and greater choice in how they pay in mobile: via payment cards, card-on-file, wallets and...

Chicago Transit Authority eliminates prepaid debit account from transit cards

The Chicago Transit Authority is eliminating the prepaid debit account function on its Ventra transit cards and will instead transition riders to a closed-loop card, according to a press release. The CTA said it will ditch the prepaid debit account,...

China UnionPay, banks unite over new mobile payment app

China UnionPay this week partnered with over 30 commercial banks and payment institutions to launch Mobile QuickPass, which the network calls the unified app for China's banking industry, according to a press release. The network said that by integrating mobile...

Amex latest card network to nix signatures for authentication

American Express is the latest card network to eliminate the requirement for merchants to collect signatures for all purchase transactions at the point of sale beginning in April 2018, according to a press release. Discover last week announced it will...

Discover axes signatures for credit, debit purchases

Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S., Canada, Mexico and the Caribbean. The card network said in a press...

Reserve Bank of Australia concerned about rising merchant costs for contactless payments

The Reserve Bank of Australia is concerned about merchants' rising costs to accept contactless payments as more consumers in the country choose to pay with smartphones, according to local media reports. And the RBA is threatening more bank regulation if...

MasterCard, PayPal expand partnership outside US

MasterCard and PayPal are significantly expanding their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa that's meant to enhance customer choice, optimize the consumer experience and make MasterCard a clear payment option...

Swarovski's new VR app lets users buy goods via Masterpass checkout

MasterCard and Swarovski launched a virtual reality shopping app for the Atelier Swarovski home décor line, a collection of functional and decorative crystal home accessories. The app immerses consumers in a tastefully decorated home where they can browse and purchase...

Study: Mobile payments reach tipping point in some countries

Mobile wallet adoption is on the rise globally, and the U.S. and Europe are catching up with fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from ACI Worldwide and Aite. The research shows that 17 percent of U.S.

MasterCard helps to turn smartphones into POS terminals in Poland

MasterCard has unveiled a pilot project in Poland that enables merchants to use only an NFC-enabled smartphone to accept contactless payments, according to a press release. MasterCard is working with Elavon, Polskie ePłatności and Mobeewave on the project. Mobeewave earlier...

AmEx intros new mobile app feature to pay for card purchases

American Express is rolling out a new mobile feature, Pay It Plan It, across all eligible U.S. consumer credit and co-branded cards.

FitBit Pay arrives as 3 card networks provide support

American Express, MasterCard and Visa announced separate deals to bring contactless payments to Fitbit's new smartwatch that will feature an NFC chip. Fitbit started accepting pre-orders for the $300 Ionic on Monday. Over the past few years, each of the...

Visa, Marqeta form pact to drive new commercial and consumer payments experiences

Visa and Marqeta, the open API payment card issuing platform, have announced a multi-year, global partnership to drive further innovations in commercial and consumer payments, according to a joint press release. Additionally, Visa has made a strategic investment in Marqeta...

MasterCard puts more stock into QR code mobile payments

MasterCard has outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs, according to a press release. Beginning this month, the company will broaden its products to offer QR codes that can be scanned...

Adyen revenues skyrocket in 2016

Adyen, a global payment processor, has announced that its 2016 revenue surpassed $700 million, up from $365 million in 2015, according to a press release. The news follows Adyen's previous disclosure that it processed $90 billion in transactions in 2016,...

Visa Checkout reaches milestone

Visa recently announced that Visa Checkout has reached more than 20 million enrolled accounts, according to a press release. In the same release, the card network announced that it is continuing to expand to new markets in 2017 with planned...

U.S. Bank 1st to offer mobile payments for Visa commercial cards

U.S. Bank Corporate Travel Card clients will soon have the convenience of making expenditures via mobile with Apple Pay, Android Pay or Samsung Pay, according to a press release. This new functionality enables commercial cardholders to conveniently and securely pay on the go with compatible devices.

Visa, StubHub enhance partnership with Visa Checkout focus

Visa and StubHub have enhanced their partnership and are planning promotions around the use of Visa Checkout, according to a press release. The companies plan to advertise benefits such as seat upgrades for consumers who use Visa Checkout to pay...

Study: Digital wallets increasingly interest consumers worldwide

Digital wallets continue to gain prominence in smartphones and laptops and dominate the global discussion of new ways to pay, with a mention rate of 75 percent in the 2017 edition of the MasterCard Digital Payments Study. At the same...

Mobile Payments Today seeks editorial contributors, bloggers

Mobile Payments Today is seeking editorial content in 2017 from industry thought leaders in the form of contributed articles and blog posts. We're looking for high-level thought leadership pieces that are free of a marketing pitch. Submissions should be between...

Mobile Payments Today publishes new mobile app guide

One of the bigger trends to emerge in 2016 was how payments became a larger focus for retailers as they attempt to keep customers within their app for the entire shopping experience. To that end, Mobile Payments Today is proud...

Visa-branded chip card total tops 408M in 2016

The number of Visa chip cards issued as of the end of 2016 grew 92 percent over year-end 2015, to a total of 408.1 million, according to a company blog post this week. The San Francisco-based company also said that...

MasterCard delivers mobile platform to farmers in Africa

MasterCard has launched 2KUZE, a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. The card network said in a press release that the system enables farmers to buy, sell and receive payments for agricultural goods...

PayPal partners with Discover for expanded digital payments

Discover Financial Services and PayPal have signed an agreement making PayPal more widely available to Discover cardmembers, acquirers and merchants, according to a press release. The agreement gives PayPal access to Discover tokenization services, expanding PayPal's reach at the point...

Study: Mobile payments awareness grows, cash use declines

Sixty percent of consumers in North America use cash at least weekly to make purchases at a merchant location, down seven percentage points from 2015 – the most significant decline in use of traditional payment methods over the past year,...

Europeans embrace mobile payments

The number of European consumers regularly using a mobile device — whether a smartphone, tablet or wearable — to make payments has tripled in the past year, according to Visa's 2016 Digital Payments Study. Some 54 percent of consumers surveyed...

Court allows merchants to proceed with EMV case against card networks

District Court Judge William H. Alsup has denied the credit card networks' motions to dismiss B & R Supermarket, Inc., et al.

Mastercard launches new developers program focused on payments, data, security APIs

Mastercard has launched what it calls Mastercard Developers, which is intended to make it easier for developers to create next-generation commerce products across payments, data and security. Masterpass and Mastercard Digital Enablement Services APIs are included in the new program....

Discover tops Mastercard, Visa as planet's most-accepted payment card

The number of card-accepting merchant locations worldwide grew 15 percent in 2015 to 54 million, research and consulting firm RBR says in a new report. According to "Global Payment Cards Data and Forecasts to 2021," the rapid expansion was largely...

Study: Major rise in card payments by 2021

Last year, the number of card transactions grew nearly twice as fast as the number of new cards, at 15 and 9 percent, respectively, according to the new study, "Global Payment Cards Data and Forecasts to 2021," by RBR. The...

Study: Global digital payment transactions set to reach 10% growth for first time

Global digital payment volumes continue to increase, with annual growth projected to top 10 percent for the first time to reach 426.3 billion transactions in 2015, up from the record-setting 8.9 percent growth in 2014 (387.3 billion transactions), according to...

PayPal adds Visa Checkout, Masterpass option for Braintree merchants

PayPal has expanded its relationships with Visa and Mastercard to include the ability for Braintree merchants to add the card networks' digital wallets as a payment option during the online checkout process, according to separate press releases about the deals....

Mobile Payments Today releases new Mobile Wallet Comparison Guide

Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...

MasterCard, PayPal chat about potential partnership

A week after Visa struck an unprecendented deal with PayPal, MasterCard might be attempting to do the same. MasterCard CEO Ajaypal Singh Banga said Thursday during the company's quarterly earnings call that the card network is holding "constructive dialogue" with...

Visa preps new Silicon Valley office

Visa recently announced plans to open a new office in Silicon Valley as part of its continued efforts to accelerate digital commerce worldwide, according to a company press release. The new 62,000 square-foot facility, located in Palo Alto, will be...

Cats and dogs come together as Visa, PayPal partner

PayPal and Visa have announced an unprecedented U.S. strategic partnership that intended to result in an improved and easier payment experience for Visa cardholders and will offer greater choice in how consumers pay with the PayPal and Venmo wallets, according...

Cellum plans to add NFC-based payments to mobile wallet

European-based mobile wallet provider Cellum announced it will soon include NFC-based contactless payments using Host Card Emulation technology, according to a company press release. "Until recently, Cellum focused on remote payments, though the company is no stranger to NFC, as...

Amex plans to interact with cardholders through Messenger bots

American Express has unveiled its plans to work with Facebook to explore new experiences to interact with its cardholders in Messenger. The card network has demonstrated a concept that would have its cardholders sign up to receive real-time notifications about...

Discover completes the quartet in EMV speed fight

The card network quartet is now complete as Discover has become the final brand to announce its intentions to speed up EMV transactions at the point of sale. Discover said in a press release Quick Chip will reduce the time...

Visa to help banks break into mobile payments

Visa has introduced the Visa Digital Commerce App, an issuer-branded mobile commerce product that enables financial institutions to offer their own mobile app to customers. Card management features in the app can help an FI to expand and strengthen its...

List your mobile wallet in our Mobile Payments Today comparison guide

Mobile Payments Today is preparing the 2016 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Listing your product(s) in this publication is free of charge for you.

BlueSnap adds MasterPass to help merchants ease checkout

BlueSnap, a global payments technology company, announced that MasterPass by MasterCard is now available in its Powered Buy Platform to give merchants the ability the option to choose an easier checkout experience and help with cart abandonment, according to a...

Discover taps FIME for terminal certification

Discover is engaging payment consultancy FIME to provide approval services for terminal end-to-end certification of its Discover Network and Diners Club international acceptance system using D-Payment Application Specifications. The services allow acquirers to integrate new EMV chip terminals into Discover...

UL earns Discover approval for mobile D-PAS testing

UL says that it is now able to assist mobile secure element manufacturers with verification of mobile D-PAS payment on their products.

China UnionPay, Visa vow to collaborate on payments products

The companies signed a memorandum of understanding to strengthen and create new value for the bank card ecosystem, benefiting consumers, merchants, financial institutions, and technology partners.

Luxury watches get high tech with contactless payments

MasterCard and WISeKey announced a partnership at Mobile World Congress in Spain to enable contactless payments on select luxury brand watches and wearables.

Visa reveals Square investment details

The card network announced its initial investment in 2011 when the mobile POS provider was still a private company.

Visa opens network to third-party software developers

The new Visa Developer platform is designed to help financial institutions, merchants, and technology companies meet the demands of consumers and merchants, who increasingly rely on connected devices to shop, pay and get paid.

Mobile Payments Today report shows consumers not ready to embrace change

This year's state-of-the-Industry report contains 50-plus pages of charts, comparison data and actionable advice.

Mobile Payments Today seeks editorial contributors, bloggers

We're looking for high-level thought leadership pieces that are free of a marketing pitch.

Mobile ticketing provider Masabi raises $12M in funding round

This latest round, including corporate partners for the first time, marks a step change in Masabi's growth and speed to market.

Swatch, Visa team on contactless wristwatch

Swatch Bellamy is named after American writer Edward Bellamy, who in 1888 wrote a book about a future where 'bank cards' replaced cash.

Cardtek partners with MasterCard processor for HCE mobile payments

The collaboration will enable MasterCard Payment Transaction Services to provide managed services to its banking customers for NFC payments on smartphones.

Visa Inc. to acquire Visa Europe

The companies say the deal will position them to pursue $3.3 trillion in European payments currently transacted with cash.

Card-accepting merchant outlets to double by 2020

An RBR report sizes up the current state and future outlook for card acceptance worldwide — and questions whether Visa and MasterCard can keep pace with China's UnionPay.

Visa brings tokenization to Visa Checkout

The move comes a week after MasterCard tokenized its online check out service, MasterPass.

Capital One adds NFC mobile payments to Android app

The bank said it used Mastercard's Digital Enablement Service to add the feature.

Survey participants wanted for 2016 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2016 Mobile Payments State of the Industry Report.

Samsung Pay coming to Europe

A partnership with MasterCard will make it possible for European card issuers to add their products to the service.

Study: Digital, mobile payments gain ground with US consumers

In a survey of 1,000 shoppers and payment processes in the past year, 93 percent used cash, 68 percent used debit cards and checks, 67 percent used credit cards and 62 percent used PayPal for payments.

MasterCard announces tokenization support for private-label cards

BJ's Wholesale Club, Kohl's and JCPenney will be among the first retailers to bring mobile payments to their private label cardholders later this year.

MeaWallet to bring mobile open-loop prepaid cards to European banks

A partnership between MeaWallet and The Bancorp will provide existing and new Bancorp customers the ability to add branded mobile wallets and cloud-based digital mobile prepaid cards to their portfolio of card products.

Issuers believe shift to chip cards will be almost complete by 2017

Eight financial institutions, representing approximately 50 percent of the total U.S. payment card volume, estimate that 63 percent of their credit and debit cards will contain EMV chips by the end of this year, expanding to 98 percent by the end of 2017.

'A minimal portion of the actual damages incurred'

Through their court-appointed lead counsel, FIs are lambasting the proposed $19 million settlement agreed upon by MasterCard and Target.

Discover gives cardholders new fraud prevention tool

Freeze It that acts like an on/off switch to stop new purchases from being made with a cardholder's account.

More banks to offer cloud-based mobile payments with Visa

BBVA and Cuscal have already launched, while Banco do Brasil, PNC and US Bank intend to launch supported apps in the near future.

Visa to eliminate 16-digit account number for remote purchases

The move expands the company's Visa Token Service, which is intended to protect sensitive card information.

Mobile Payments Today publishes wallet comparison guide

The 61-page document details the capabilities of 151 leading mobile wallets.

Contactless payments, US EMV migration power sharp increase in smart card growth

The US accounted for 185 million smart cards shipped in 2014, compared with just 30 million in 2013, the Smart Payment Association says.

More retailers to accept MasterPass

Blue Nile, Neiman Marcus, Office Depot and Rue La La among the latest merchants who plan to offer MasterCard's digital wallet service at checkout.

Polish banks confirm plans to launch HCE mobile payments

The FIs will use Visa's cloud-based payment specifications for their apps.

Australian telco reveals SIM-based mobile payments

SingTel-Optus has partnered with Visa and Heritage Bank for the new mobile wallet that's funded with a prepaid card.

Trade association set to host mobile payments session in DC

The Merchants Payments Coalition wants to educate Congress members and their staffs about upcoming innovations in payments.

Mahindra Comviva debuts mobile money service in Zimbabwe

The company says its connectMoney Service Manager creates an industry benchmark for mobile money by connecting financial open systems powered by MasterCard and other card networks.

It's November — peak season for card fraud

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

MasterCard, Zwipe team up to roll out first-ever biometric contactless payment card

Biometric authentication replaces PIN entry, enabling cardholders to make contactless payments in any amount, unlike current NFC-enabled payment solutions.

Mobile Payments Today publishes State of the Industry report

MobilePaymentsToday.com surveyed consumers in the U.S., U.K., India and Brazil to discover how they are adapting to the growing mobile payments industry. Our fourth edition is available in five versions.

Apple snags Visa Europe mobile director

Mary Carol Harris, the former director of mobile at Visa Europe, has joined Apple as the tech company continues to push Apple Pay throughout Europe, according to multiple reports. Harris worked for mobile network operator Telefonica as the head of...

FIME secures MasterCard accreditation in Japan

FIME's Japanese operation has been accredited as a MasterCard test laboratory for mobile handsets, according to a press release. The testing focuses on confirming the compliance and interoperability with the EMVCo contactless approval process.

Visa explores options to sell stake in Monitise

Card network first invested in the company in 2009, says this sale is consistent with past investment practices.

Apple, China UnionPay work together on Apple Pay

The companies are working on a plan to bring the new mobile payments system to China.

Apple to use NFC, tokenization in new iPhone and iWatch, according to report

Devices will work in tandem to share tokens to verify payments.

Vodafone partners with Visa on UK mobile wallet

System will be for Android users and will use a special SIM card with NFC tech.

Heartland intros Amex program for small merchants

Processor gives businesses the ability to expand their payment card acceptance options.

Pizza Hut kicking off Visa Checkout partnership with national ad campaign, giveaway

Pizza Hut’s partnership with the new Visa Checkout platform – first announced in July – will officially kickoff with a new national TV ad campaign debuting Sunday.

Sr. Pago intros smartphone chip credit card reader and reloadable debit card combo

Mexican mobile-point-of-sale service Sr. Pago today announced the launch of the Sr.

Mobile banking app charts 850 percent bump in use of debit card on-off feature

Malauzai Software, a provider of mobile banking SmartApps for community FIs, has reported that between November and April, the company saw a 450-percent increase in the use of its debit card management features — and specifically, a rise of 850...

Cumberland Building Society extends relationship with Alaric, NCR

The U.K.-based financial institution has deployed the U.K. Payments Council’s Paym mobile payment service using Authentic and Fractals software from Alaric, an NCR company.

India's Ezetap raises funds from American Express

Ezetap, an India-based mobile point-of-sale provider, has raised an undisclosed amount of funding from American Express to expand its services across Asia and Africa, according to multiple reports. Ezetap said in a statement the Amex investment is minor and did...

Visa contactless transactions in the UK nearly quadrupled in 2013

Contactless Visa card transactions increased almost four-fold in the U.K to 94.3 million in 2013 from 25 million in 2012, according to Visa Europe. Every U.K.

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...

MBNA launches card services app

MBNA has launched a smartphone card services app to help customers manage their credit card accounts while on the move. "The new app will help customers stay up-to-date and in control of their credit card account wherever they are and...

MasterCard in mobile remittance joint venture

MasterCard has expanded its role in mobile money remittances with the creation of HomeSend, a joint venture in which it has a controlling stake. MasterCard's partners in HomeSend are eServGlobal, a Paris-based provider of mobile money technology for telcos, and...

Visa launches V.me wallet in Australia

V.me, Visa's digital wallet, has gone live in Australia with a range of major online retailers. The digital wallet can be used for online purchases from these merchants via PCs, laptops or mobile devices. The V.me launch follows MasterCard's launch of its MasterPass digital wallet in Australia.

MasterPass set for 2014 Italian launch

MasterCard is to launch its MasterPass digital payment platform in Italy by the end of the first quarter of 2014. MasterPass secures and speeds up m-commerce and online shopping by saving customer shipping and payment information in a digital wallet....

Londoners on board with contactless bus payments

Transport for London is celebrating the successful implementation of contactless card payments on all of London's 8,500 buses. Since the service was launched in December 2012, more than 6.5 million London bus journeys have been paid for using contactless American...

With mobile payments growing, European Parliament debates interchange

The European Parliament is likely heading for a spirited debate this week as it considers the latest proposed updates to its Payment Services Directive, according to Euractiv.com. The rule changes are designed to introduce more competition and update the credit...

Judge approves MasterCard, Visa swipe fee settlement

A federal judge today approved a settlement in the class action suit between merchants and card networks Visa and MasterCard over alleged fixing of merchant interchange fees. Retailers and industry associations immediately filed notice of an appeal, a Wall Street Journal report said.

Westpac plans New Year NFC launch in Australia

Westpac, one of Australia's largest banks, will launch a service enabling its customers to make NFC purchases with mobile devices in the New Year. Westpac said it will work with Visa on the rollout of the NFC point-of-sale payment service....

MasterCard in global NFC alliance with Samsung

MasterCard has announced a global strategic partnership with Samsung that will enable MasterCard cardholders to load and store their card credentials on NFC-enabled Samsung mobile devices. Commonwealth Bank of Australia is the first bank to collaborate with MasterCard and Samsung...

Canada moves to regulate prepaid debit cards

Expiry dates for funds held on open-loop prepaid debit cards will be abolished under new regulations announced by the Canadian government. The consumer protection rules will apply to all payment network-branded prepaid cards issued by federally regulated Canadian financial institutions,...

Intel integrates NFC reader into core processor for secure MasterPass payments

Intel, MasterCard and NXP Semiconductors are teaming up to deliver two-factor authentication via MasterCard-branded contactless cards for online payments.

MasterCard launches MasterPass digital service in Brazil

MasterCard has launched its MasterPass digital payment service in Brazil. MasterPass enables consumers to make point-of-sale/in-store, online or mobile payments from any MasterPass-connected digital wallet by clicking the MasterPass button on a merchant's checkout page and entering their password. Consumers...

Vodafone NFC mobile wallet launches in Europe

Vodafone has launched a mobile wallet in Spain, with Germany, Italy and the U.K. to follow.

Intel will let online shoppers pay by tapping contactless card or NFC phone against computer

Intel is embedding technology into computers that will let online shoppers pay by tapping a contactless card or NFC-enabled mobile phone against their PC or laptop, according to Computer World. The website reports that breakthrough is meant to provide a...

Google prepaid card, tied to Google Wallet funds, goes live

Google's rumored prepaid debit card has surfaced. As Droid Life reported, the Google Wallet Card allows users to access their Google Wallet balance in the real world at ATMs, banks and wherever MasterCard debit is accepted.

Telecom Italia, Visa Europe expand NFC partnership

After running mobile payments pilot projects near Milan, Telecom Italia and Visa Europe have announced they will expand the program across Italy. Consumers using selected NFC-enabled smartphones will receive a TIM-branded Visa card and be able to make contactless payments...

FIME gets OK to test Visa mobile payment app on secure element

FIME, an advanced secure-chip testing company, announced it has been accredited by Visa to deliver Visa Mobile Payment Application testing. The accreditation extends FIME's existing Visa payment card and terminal testing portfolio to also include the validation of a Visa...

French telco pilots prepaid card on NFC-based mobile devices

The French mobile network operator Orange is testing Orange Cash, a contactless prepaid card, on mobile devices in Strasbourg and Caen, with plans to go nationwide in the second quarter of 2014. Wirecard Card Solutions Ltd., a member of Visa...

Rogers suretap mobile wallet heading to market

The suretap mobile wallet from Canadian telco Rogers will be available within weeks. Suretap will work on select NFC-enabled smartphones and will offer a co-branded virtual Rogers Prepaid MasterCard and gift cards from select national retailers as the first cards...

J. Crew takes to airwaves to promote addition of MasterCard mobile wallet

Fashion retailer J. Crew and MasterCard have joined forces for a marketing campaign to promote the introduction of the MasterPass digital payments platform to the retailer's online checkout.

CommBank adds online checkout for mobile devices

Commonwealth Bank of Australia has launched an online checkout service using MasterCard's MasterPass. The solution lets consumers use their mobile devices to make online purchases at MasterPass-enabled retailers, including more than 200 in Australia, the bank said. That list includes...

UK pharmacy chain goes contactless

Boots UK, which sells pharmaceuticals and beauty supplies (but not boots), has gone completely contactless. The U.K.-based company, working with Visa Europe and WorldPay, has installed contactless readers in all of its nearly 2,500 locations. U.K.

Citibank rolls out NFC-based mobile wallet in Hong Kong

Smartphone users in Hong Kong now have another mobile wallet option with the introduction of 3 Citi Wallet. The NFC-enabled solution is a collaboration between 3 Hong Kong, the mobile arm of Hutchison Telecommunications Holdings Ltd., and Citibank Hong Kong. The solution enables contactless payments for amounts up to HK$1,000 per transaction.

Canadians can now use AmEx to pay via Square

Canadian businesses using the Square reader can now accept American Express payments to go along with Visa and MasterCard. Canada has more than 1 million small businesses, Square said in a news release, and 2.7 million people who are self-employed....

Starbucks extends gifting platform to Twitter

Starbucks today launched a new way for customers to gift coffee — the tweet-a-coffee program. U.S.

Israeli company gets MasterCard OK for NFC add-on

On Track Innovations Ltd., a provider of cashless payment solutions based on contactless transactions and near-field communication, announced it has received official certification to use MasterCard's PayPass technology in OTI Wave, the company's new NFC add-on for smartphones, tablets and...

Oberthur joins MasterCard mobile money program to aid underbanked

MoreMagic, an Oberthur Technologies company, has joined the MasterCard Mobile Money Partnership Program, which is designed to help more than 2.5 billion financially underserved consumers use mobile phones to access mainstream financial services. Oberthur Technologies is a provider of security...

MasterCard to acquire Turkish mobile payments processing provider

MasterCard today announced that it has entered into an agreement to acquire Provus Bilisim Hizmetleri A. S., an independent payment solution and processing provider in Turkey.

Australia's eftpos turns to FIS to help compete in online, mobile payments

One of Australia's largest payment networks is enlisting U.S.-based payment technology giant FIS to help it compete with debit cards powered by MasterCard and Visa. IT News reports that eftpos Payments Australia will implement a central hub to replace a...

Capital One bails on Isis

In February, Isis, the NFC joint venture between AT&T Mobility, Verizon Wireless and T-Mobile USA, announced that Chase, Capital One and Barclaycard had signed up to offer NFC mobile payments capabilities through the group's mobile wallet service. More recently, American...

MasterCard testing in-stadium mobile pay app

If you've ever craved another hot dog and beverage during a college football game but didn't have the heart to fight your way to the concourse, MasterCard may have an answer. The company said it is testing, with Legends Hospitality, an expansion of its QkR app that will let consumers order and pay for food without leaving their stadium seat.

Monitise and IBM partner to broaden mobile banking for Visa Europe

U.K.-based mobile payments provider Monitise and IBM have teamed up to boost Visa Europe's ability to provide member banks with cloud-based mobile banking, payment and commerce services. IBM will help Monitise extend and scale the adoption of the services with...

Discover is latest payment network to join EMVCo

The Discover Financial Services payment network has joined EMVCo, the EMV standards body, and will work alongside EMVCo's existing members to manage and evolve the contact and contactless EMV industry specifications to facilitate worldwide interoperability and acceptance of secure chip...

Dutch banks will test mobile payments

Banks in the Netherlands are set to begin a three-month trial of mobile payments. ABN, Amro, ING and Rabobank, in collaboration with the MasterCard, mobile operator KPN, and the city of Leiden, will include 1,000 consumers and 150 businesses in...

MasterCard chief payments officer discusses overseas opportunities (Video)

In Indonesia and Thailand, more than half of e-commerce transactions are now executed from a mobile device. In South Africa, more than 10 million consumers receive government benefits on a mobile device. Such factoids are hardly breaking news anymore —...

New Israel-based credit card will include mobile wallet

The mobile carrier Partner Communications Ltd. and credit card provider Isracard Ltd.

Chase finds room in the Isis mobile wallet

Chase cardholders will be soon be able to make mobile payments through the Isis mobile wallet. In a Monday statement, Chase said that later this year, Chase Freedom, Chase Sapphire, Chase Slate and JP Morgan Palladium cardholders will be able...

American Express Serve will find a new home in the Isis mobile wallet

American Express Serve will be introduced to the Isis mobile wallet, the companies announced today. The new co-branded account will be offered in every Isis mobile wallet as a part of a nationwide launch later this year, enabling millions of...

Clarks shoes will add Visa digital wallet in UK, Ireland

Clarks, the U.K.-based shoe retailer, will allow customers to make online purchases using the V.me by Visa digital wallet service, Visa Europe and WorldPay announced. Visa Europe is a payments technology business owned and operated by member banks and other...

Visa Ready approves iZettle's mPOS solutions

Swedish social payments provider iZettle's chip-and-PIN and chip-and-signature mobile payments solutions have been approved by the Visa Ready program, iZettle announced today. The approval applies to Visa Inc.

With UK adoption, MasterCard says MasterPass mobile wallet now accepted at 20K merchants worldwide

MasterCard's "Morning Brew" social media blog includes a couple of interesting tidbits about its MasterPass digital wallet, gleaned from the company's second quarter earnings call. The service, which collects a user's payment details, loyalty and store cards and shipping and...

First NFC-enabled iPhone prepaid mobile wallet launches in Europe

Kalixa Group, DeviceFidelity and MasterCard announced the U.K. launch of the NFC moneto prepaid wallet, according to a release.

MasterCard shows developers some love with Simplify Commerce

Developers are finally getting some well-deserved attention in payments, with a number of payment gateways — from venerable old PayPal to young upstarts like Braintree and Square — doing their darnedest to make payments simple and easy for app developers....

Gemalto providing prepaid cards to Brazilian mobile payment service

Digital security provider Gemalto will supply prepaid EMV payment cards to Mobile Financial Services, the new joint venture formed by Telefónica and MasterCard Worldwide. The news comes as a part of the launch a new payment service called Zuum offered...

German Shell stations to accept NFC-enabled mobile payments

Beginning next year, Shell stations in Germany will introduce contactless and mobile payments with Visa at all of its 2,200 gas stations. Purchases up to €25 ($35) can be made with just a tap on the terminal.

Russian Alfa-Bank piloting NFC mobile payments

For all the debate on NFC, there are plenty of plans afoot to use it for mobile payments. Alfa-Bank, Russia's largest FI, is working with wireless carrier Vimpelcom and card brand MasterCard to run a pilot program using NFC. The...

Far EasTone to pilot NFC mobile payments in Taiwan

Taiwanese carrier Far EasTone Telecommunications Co. said it will trial an NFC mobile payment project beginning later this year.

Visa throws support to mPOS providers

Card brand Visa Inc. has added three mobile point-of-sale providers to its Visa Ready Program, and approved two additional mPOS providers to accept Visa payments, the company said. Mobile POS providers SumUp, iZettle and Swiff have all been included in the Visa Ready Program, giving them access to tools like Visa's APIs and SDKs.

MasterCard, Chungwa Telecom to bring NFC payments to Taiwan

Chungwa Telecom, a Taiwanese mobile network operator, and card brand MasterCard are launching a new NFC mobile payment service. According to Focus Taiwan, the new service will let subscribers to Chungwa store their debit and credit cards from four banks...

Visa to bring mPOS to Taiwan

The Visa mPOS solution will soon be available in Taiwan.

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.

ICICI Bank and Aircel providing mobile money solution to India's underserved

ICICI Bank of India, the country's largest private sector bank, is launching Mobile Money with wireless provider Aircel. The program, aimed at the nation's financially underserved population, will run on card brand Visa's platform. Mobile Money will provide unbanked consumers,...

8 more states thinking about merchant surcharge ban

Ten states have already prohibited merchants from charging a fee at the POS. Now eight more are thinking about joining the list. According to a report by CUNA, the states of Hawaii, Illinois, Mississippi, New Jersey and Rhode Island are currently considering bills that would ban merchant surcharges.

Retailers get power to add credit purchase surcharge

This week, merchants in 40 states gain the ability to surcharge customers who use credit cards for purchases. The change is one measure in the proposed anti-trust settlement between U.S.

Visa's V.me digital wallet to deploy in 2013

This year will be a banner year for mobile payments. So says Visa Europe.

RIM gets Visa approval for secure element management tool

Are mobile payments key to a resurgent Research In Motion? Could be. The maker of BlackBerry devices announced its Secure Element Manager solution for NFC mobile payments has been given the official Visa stamp of approval.

Shazam intros mobile app for debit cardholders

Shazam has announced the launch of Shazam Bolt$, an app for smartphones and tablets that allows financial institutions to offer their Shazam debit cardholders free, mobile access to their debit card accounts. The EFT services provider has also created an...

U.S. Bank to test NFC-enabled mobile payments for iPhone users

U.S. Bank will be offering FlexPerks Visa cardholders in Salt Lake City, Utah, and Portland, Ore., the option to try a new mobile payment product called U.S.

ZTE and China UnionPay to collaborate on mobile payments

Another partnership is looking to introduce a mobile payment service in the Chinese market. This time it's handset-maker ZTE Corp.

MasterCard forms strategic partnership, takes minority stake in C-SAM

C-SAM and MasterCard are becoming strategic partners. The companies announced the new deal yesterday.

Gemalto SIM card gains important card brand certification

Digital security provider Gemalto announced that it has obtained certification for its UpTeq NFC SIM cards from payment networks American Express, MasterCard and Visa. The UpTeq NFC SIM cards securely store personal data and payment credentials on a mobile device...

BofA to begin offering online customers access to Visa's V.me digital wallet

Bank of America is joining the list of financial institutions offering Visa’s V.me digital wallet service. BofA announced it has begun piloting  the product to its online banking customers. V.me is Visa's entry in the digital wallet space.

MasterCard, Telefonica form JV in Brazil to offer mobile money services

Grupo Telefonica and MasterCard International have announced the formation of MFS, a joint venture that will focus on developing mobile payment solutions in Brazil. The new JV will launch its first product, a MasterCard branded prepaid account that can be...

First Vodafone, Visa mobile wallet to launch in Australia in 2013

Wireless provider Vodafone and payment brand Visa announced a partnership earlier this year aimed at rolling out a mobile wallet tool to a number of countries. Today, Vodafone Australia and Visa said they plan to launch an app for NFC-enabled...

Barcelona bank rolls out major tap and go program

Spain’s largest retail bank, La Caixa, has begun deployment of contactless payment cards and terminals across Barcelona, said a report at ft.com. The move represents the largest rollout of "tap and go" technology in Europe. The bank will issue 1...

PayPal says Google stole its Wallet (UPDATED)

(UPDATED) Claiming on its company blog that spending time in a courtroom isn't its thing, PayPal quickly followed Google's announcement of its new online payment method by filing a lawsuit against Google for stealing trade secrets and poaching employees. The...

New mobile payment network in France announced

The three largest telecom providers in France — Bouygues Telecom, Orange and SFR — today announced a new joint venture called Buyster. The telecom providers are being joined in the JV by the French financial and technical services company Atos Origin S.A.

Visa and Wireless Dynamics test iPhone mobile payment solution in Europe

Visa and Wireless Dynamics test iPhone mobile payment solution in Europe

In yet more news on near field communication (NFC) technologies and payments, Visa Europe and Wireless Dynamics Inc. have announced the deployment of a mobile payment application for iPhones to customers in Turkey. The application requires an accessory from Wireless...

Telefónica and MasterCard announce mobile payment joint venture in Latin America

MasterCard Inc. and Spanish telecom giant Telefónica SA today announced the creation of a joint venture providing mobile financial solutions to customers in Latin America. According to the announcement, each partner will own 50 percent of the new venture.

Starbucks rolls out mobile payments

Starbucks Corp. has rolled out mobile payment acceptance.

Intuit's GoPayment tries freemium offer

It looks like Intuit’s GoPayment is taking the gloves off. According to Fortune Magazine’s Michal Lev-Ram, Intuit began offering a freemium version of its mobile credit card service beginning last week.

MasterCard hires NFC exec Woo?

In another hiring move certain to fuel speculation, NFC Times reports that MasterCard has hired Mung-Ki Woo to run its mobile payment and m-commerce business. Woo will be reporting into the head of MasterCard's emerging payments group.  If true, the move would be a clear indication that MasterCard is ramping up its NFC efforts.

Researchers find security flaw in chip-and-PIN payment system

The United Kingdom's Retail Week reports that researchers at Cambridge University have tricked a chip-and-PIN payment system into authenticating a payment when no valid PIN is present. The exploit uses what is called a "man-in-the-middle" attack, which involves the thief...

German company releases cell-phone sticker for contactless MasterCard PayPass payments

Munich, Germany-based Giesecke & Devrient is providing a new form factor for debit cards in Europe.   According to a news release from Giesecke & Devrient, the Convego Air Mobile is a sticker that enables a user to conduct contactless payments with a mobile device.

MasterCard to launch mobile P-to-P payments, money transfer

American Banker: In the person-to-person transfer business, text messaging is so 2008. MasterCard Inc.

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