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Author archives: Kaye Skinner

OpenWay announced certified mPOS solution for Russia

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OpenWay and SBC Technologies have announced certification of the first mPOS chip and PIN solution in Russia for compliance with OpenWay technical requirements for EMV support and compatibility with the WAY4 payment card issuing software solution. A mobile payment batch service for acquirers using WAY4 card processing by OpenWay has been implemented on the Russian market for the first time…. Continue reading >>

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RS2 signs top global processor

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Award-winning, high-performance and high-availability card management solutions provider RS2 has signed a five-year licence deal with a major global processor. RS2 Software, the company behind the comprehensive, high-performance and high-availability card management solution BankWORKS, has announced a major licence and services agreement with a global payments processing company. The comprehensive licence and services agreement allows the global processor access to… Continue reading >>

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Powa acquires MPayMe in $75 million deal

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UK-based digital commerce specialist Powa Technologies has acquired Hong Kong-based MPayMe in an all-share deal worth $75 million. Powa has paid 3% of its stock, which would give a value of $27 billion on the combined firm. In March this year, Powa launched its hybrid technology PowaTag proposition, which comprises a mobile app which stores users’ payment details. The app… Continue reading >>

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B2B e-commerce adds value to business revenues – survey

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US businesses say that B2B e-commerce raises revenues by increasing sales volumes, according to a survey commissioned by the provider of online commerce technology EPIServer for the consultancy firm Forrester Consulting. In April 2014, Forrester surveyed 100 B2B companies in the US that had implemented e-commerce within the past seven years. Three-quarters of the companies surveyed state that e-commerce increased… Continue reading >>

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Telefonica, CaixaBank and Santander JV launches loyalty service

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Yaap, the digital services joint venture set up by Spain’s CaixaBank, Banco Santander and Telefónica, has launched a service to help small businesses push offers to customers. Yapp Shopping is a loyalty network for small local businesses with limited online presences, allowing them to interact with hundreds of thousands of customers by offering discounts and promotions on their products and… Continue reading >>

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US embraces EMV cards

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Spurred by major data breaches at Target and other stores, the US banking and retail sectors are turning to more secure EMV payment cards, causing US shipments of these cards to rise by more than a factor of fifteen:seven by 2019. US shipments of microchip-enabled payment cards that comply with the Europay, MasterCard and Visa (EMV) standard will expand to… Continue reading >>

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UK card spend tops £0.5 trillion for first time

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Annual domestic card spending by UK consumers passed £0.5 trillion for the first ever time in 2013 as shoppers increasingly choose cards over cash, according to a report published by the UK Cards Association. Around 74.5% of all retail spending is now made using debit and credit cards, up from less than half (46.5%) in 2003, highlighting a clear shift… Continue reading >>

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Over £7 billion lost by UK SMEs in missed payment opportunities

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Only 42% of UK SMEs currently offer customers the option of paying by card, despite card spending more than doubling in the last decade, according to research from Barclaycard.  SMEs are losing out on £7.5 billion each year by not offering customers alternative payments. Despite three-quarters (74.5%) of all retail transactions across the UK now being carried out via cards, three… Continue reading >>

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Research reveals only 2% of UK micro-businesses use mPOS solution

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New research carried out on behalf of Kalixa Group shows only 2% of micro-businesses in the UK use mPOS to accept payments. It also identifies the number one barrier to business growth as cashflow.  The research reveals that many micro-businesses identify cashflow (45%) as the number one barrier to growth. In addition, nearly half (48%) of micro-businesses surveyed miss sales… Continue reading >>

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