Wagner aims at m-commerce gap
Dan Wagner is pretty sure that he has an idea how the use of mobile devices will play out in the commercial world and how the relationships between banks, merchant acquirers, merchants and customers will change.
Cards
The changing face of payments
The Payments Council’s latest report, The Way We Pay, shows rapid changes in use of payment methods over the past decade – but cash is still in the mix.
iZettle and Santander “democratise” cheap card payments
Spanish bank Banco Santander has signed a deal with iZettle, a fledgling Swedish payments specialist that focuses on ‘social’ payments. The two companies plan to distribute mini chip-card readers to customers, so that they can accept card payments with smartphones and tablets.
India’s ICICI teams with mobile operator for Visa service
Indian bank ICICI and local mobile operator Aircel have launched a mobile financial services offering using Visa’s hosted platform solution.
War on Cash making slow progress in Europe
While card payments continue to grow – up by 10% in 2011 – the use of cash is still growing “at a more than healthy pace”, says the latest edition of the European Payment Cards Yearbook. The use of cards to withdraw cash at automated teller machines was also up – with 17.3% more ATMs issuing 2% more cash during the year.
MarkitSERV and Misys team for FX derivatives clearing service
OTC derivatives trade processing service MarketSERV and banking technology provider Misys have partnered to create a service for CCP clearing of FX derivatives trades.
Misys markets “competitive advantages” for trade finance
Banking software provider Misys has incorporated global processing into its trade finance solution, TI Plus, in a move that the firm says will help banks gain a competitive advantage through improved customer service and reduced costs.
Diebold debuts cardless ATM at CES
ATM maker Diebold has developed an ATM that lets customers withdraw cash without using a card – and saves the bank money in the process.
MasterCard signs 10 PSPs for PayPass Online
Ten UK payment service providers have committed to MasterCard’s PayPass Online by MasterCard, part of PayPass Wallet Services, allowing them to accept electronic payments across multiple channels.
SK signs with First Data for card processing in Poland
SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
SIX picks Clear2Pay for payment chargeback
SIX Payment Services has chosen Clear2Pay’s CBK solution to support its chargeback business and processes on a single platform. The CBK Chargeback system replaces two old systems and will evolve over time to encompass both acquiring and issuing chargebacks for credit and debit cards. The new system has so far been implemented in Switzerland and […]
