Sweden's iZettle raises $47M to expand mPOS business

Sweden-based mobile point-of-sale company iZettle has raised some $47 million in new funding as the firm ponders a future IPO. The round is led by early backer venture capital firm Dawn and The Fourth Swedish National Pension Fund and is...

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,...

Chase Pay acceptance coming to Kroger in 2018

The Kroger Co. is teaming up with Chase Pay—the digital wallet from JPMorgan Chase & Co.— to offer mobile payments starting with select retail markets and e-commerce programs in 2018, according to a press release. Through the partnership, Chase's 65...

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...

Garmin Pay welcomes Visa cardholders

Garmin International and Fit Pay announced that the Garmin Pay contactless payment feature is now available for eligible Visa credit, debit and prepaid accounts from many of the network's major participating issuing banks, according to a press release. The new...

Apple Pay arrives for CaixaBank customers in Spain

Comercia Global Payments, a joint venture between U.S.-based Global Payments and Spain-based CaixaBank, announced that Apple Pay is available to its customers. Using the new CaixaBank Pay app, users can now add their Caixabank cards to Apple Wallet and use...

Study: UK consumers keen on raising contactless payments limit

Nearly half (48 percent) of U.K. shoppers would like to customize their contactless card transaction limit, or would like to the ability to do so, according to research from Paymentsense. For those shoppers wanting a customizable limit, just over a...

French bank Société Générale to offer Apple Pay

Apple has secured a deal on Apple Pay with major French bank Société Générale, according to local media reports. The deal marks the first major bank deal for Apple in France although the Apple Pay is available to customers at...

Bluewater Grill to enable pay-at-the-table with TableSafe

TableSafe Inc., maker of a pay-at-the-table platform for full-service restaurants, announced Bluewater Grill Restaurants will adopt the Rail payment platform throughout its family of restaurants, according to a press release. Using Rail, guests at Bluewater Grill's seven restaurants in Southern...

Norwegian banks mark their territory with payments

Norwegian banks are banding together to fight off global competition in the payments space, according to a report from Reuters. DNB, Eika and Sparbank 1 Gruppen will lead a group of banks that will combine their payment units to better...

Singapore to debut new standard for QR codes

The Monetary Authority of Singapore earlier this week announced that something called the common Singpare Quick Response Code will make its debut next year as payment service providers adopt this new standard, according to multiple local reports. The authority said...

Nets Group brings JCB's EMV contactless standard to Denmark

The Nets Group and JCB International Co. Ltd., the international operations subsidiary of JCB Co.

SumUp strikes mPOS deal with Chilean bank

Mobile point-of-sale provider SumUp and BancoEstado de Chile, the largest national bank of Chile, have launched a joint venture offering mobile card acceptance to small businesses, according to a press release. Through the newly formed joint venture, SumUp increases its...

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...

Garmin Pay now live on Garmin vívoactive 3 smartwatch

Garmin International and Fit Pay, a wholly owned subsidiary of NXT-ID, have announced that the Garmin Pay contactless payment feature is now live on Garmin's vívoactive 3 smartwatch and available to cardholders of issuing banks supporting the new service, according...

Visa launches program to help transit agencies with contactless payments

Visa has launched Visa Global Transit Solutions, a program designed to accelerate the use of open-fare contactless systems for mass transit commuter worldwide, according to a press release. "Visa played an important role in partnering with Transport for London," Michael...

BNP Paribas intros WeChat Pay to Paris merchants

BNP Paribas is introducing WeChat Pay to retailers in France and subsequently across Europe, thus underlining its determination to support retail sector clients wishing to attract Chinese customers, according to a press release. BNP Paribas said it initiated the rollout...

Visa helps to bring contactless wearables to upcoming Winter Olympics

Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, has introduced three commercially available wearable payment devices that fans and athletes will be able to use at venues during the Games in South Korea. "We are looking...

NCR partners with Samsung on POS device

NCR, in collaboration with Samsung Electronics America Inc., has launched NCR Silver Quantum, an all-in-one point-of-sale commerce station featuring an integrated payment device with mobile wallet acceptance capability, customer display, loyalty scanner and Samsung Galaxy tablet. The Silver Quantum commerce...

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