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Author archives: Kaye Skinner

SIX and BNP Paribas Fortis launch new POS and acquiring services

BNP Paribas Fortis and SIX Payment Services (SIX) are entering into a unique partnership, targeted to acquiring services to merchants of all sizes and industries in Belgium. BNP Paribas Fortis and SIX will be providing merchants with comprehensive payment solutions, from payment terminals to acquiring services. It is the intention to be the first real alternative in the Belgian market… Continue reading >>

First Data hits India through mPOS roll out

First Data is to roll out their mPOS solution that is set to make payment acceptance faster and secure for the Indian merchant community in partnership with Mahindra Comviva. Th solution enables businesses, including small and medium enterprises and service professionals, to utilize their mobile phone as a POS device and drive transaction volumes by letting consumers use card-based payment instruments. This… Continue reading >>

Orange partners African banks to extend mobile money services

Orange has agreed partnerships with African banks to expand its mobile money services across the region to try to match the popularity of Vodafone’s M-Pesa. The French telecoms group has struck a first deal with Bank of Africa that will allow customers to transfer money between their Orange Money account and their bank account with a mobile phone. A similar deal is… Continue reading >>

BPCE launch Twitter-based P2P payments

Banque Populaire Caisse d’Epargne (BPCE) has partnered with Twitter to let customers tweet money to each other via a P2P payments service. From October 2014, everyone with a bank card and a Twitter account in France will be able to use the P2P payment service through BPCE’s S-Money unit. Details on how the system will work are unreliable but S-Money’s… Continue reading >>

Can SEPA-style work in Asia-Pacific?

Regulators in the Asia-pacific region are looking at rolling out a SEPA-style single payment area, but what will be the challenges of such a project in one of the most fragmented payments markets in the world? Increased trade flow between Asia-Pacific and Europe is driving payment activities between financial institutions within these two regions. But while the SEPA project is… Continue reading >>

Global Payments 2014 – revenues show upward trend

The global payments and transaction-banking businesses continue to represent vital elements of the banking industry and the global financial-services landscape. The importance of these businesses both as critical sources of stable revenues and as the foundation of customer relationships and loyalty has grown steadily in recent years and shows no signs of slowing down. The growth in payments and transaction… Continue reading >>

Yaap P2P payments via mobile ‘Money’ app

Yaap, the joint-venture between CaixaBank, Banco Santander and Telefónica, has releases Yaap money – a mobile app that facilitates the secure transfer of P2P payments instantaneously between users’ mobile phones. In order to send and receive money, users of the app will not need to know bank details – just the mobile number, Facebook username or Twitter username of the… Continue reading >>

Point of Sale peripherals and the Barcode scanner

The Point of Sale systems in use in many retail businesses nowadays are not only some sort of fancy cash register. Gone are the days of manual encoding and punching of items purchased. In comes faster service as shopping habits of customers have drastically changed since. Customers are into quick services as many individuals are trying to scramble for time… Continue reading >>

Amazon kills P2P payments service

Amazon shut down its WebPay service, saying that the P2P money transfer service is not good enough to keep going. For several years, WebPay has let Amazon Payments users send, receive, and request money by entering a contact’s email address and the sum on a webpage. But with Google, Square and PayPal among the big guns offering similar P2P transfer… Continue reading >>

TransferWise takes aim at banks

After hitting its £1 billion milestone and raising $25 million from Sir Richard Branson and others this year, TransferWise is now moving beyond the ‘early adopter phase’ to challenge the banks for the mainstream customer. As a first step towards this goal, TransferWise has launched a TV ad clearly taking aim at over inflated money transfer fees charged by banks…. Continue reading >>