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FIS Clear2Pay confirmed by VISA as CVES provider

FIS says that its FIS’ Clear2Pay Open Test Solutions group has been confirmed by Visa for Chip Vendor Enabled Service (CVES) to help streamline and support the deployment of EMV enabled contact and contactless payment devices in the United States. The Visa CVES enables third-party companies to manage the execution, analysis and submission of the mandatory reporting for both EMV contact… Continue reading >>

E-commerce processor WePay raises $40 million

E-commerce payment processor WePay has raised $40 million in a Series D funding round led by FTV Capital and including Japan’s Rakuten. WePay will use the funding to expand in markets outside the US as e-commerce shifts from traditional retailers to online marketplaces. WePay provides an API that companies can embed within their sites to accept payments. WePay targets businesses… Continue reading >>

WorldRemit launches in five new countries

Online money transfer service WorldRemit has launched in five countries in South America and Eastern Europe. WorldRemit customers can now send money transfers direct to the bank accounts of their friends and family in Chile, Czech Republic, Hungary, Slovenia and Bulgaria. WorldRemit’s services enables users to send money to friends and family abroad. People in 50 countries can send money… Continue reading >>

BancNet selects Gemalto to secure mobile banking

Global digital security specialist Gemalto has been selected by BancNet of the Philippines to secure its mobile banking services. BancNet’s network consists of 116 local and international banks, serving over 40 million cardholders. Gemalto’s Ezio Authentication Server and Mobile token will allow BancNet customers to pay their bills, check account balances, and transfer funds from their accounts with any member… Continue reading >>

Ripple reaps $28 million funding round

Digital currency specialist Ripple Labs has secured a $28 million Series A funding round. IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology were investors in the round. Ripple is aiming to work with global banks on international money transfers by using digital currency tokens in exchange for fiat currency, effectively disrupting… Continue reading >>

Visa Inc offers $20 billion for Visa Europe

Visa Inc is rumoured to be in early-stage talks to buy its former European subsidiary in a deal that could be worth as much as $20bn, people familiar with the matter said on Friday. The world’s largest electronic payments company has tried buying Visa Europe before but failed to reach an agreement with the more than 3,000 banks that control it…. Continue reading >>

02 acquires Weve

O2 is rumoured to have acquired the Weve mobile commerce and advertising consortium saying the business will be run as a standalone subsidiary. In a statement, the former joint venture states: “We wanted to officially let you know that O2 have bought the Weve business outright from EE and Vodafone. Whilst exact details are to be worked through, for those of you… Continue reading >>

Verifone selects Thales to protect card holder data

Thales says that Verifone now uses Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture. The protection of payment card data by encrypting from Verifone’s secure payment… Continue reading >>

PayPal free to work with eBay rivals

New filings reveal that eBay and PayPal will soon be free to do business with their most entrenched enemies. Under an agreement detailed in a regulatory filing from eBay, the companies will be free to do business with other marketplaces and payment providers. In other words, PayPal could one day come to Amazon. “As independent companies, we expect eBay and PayPal will… Continue reading >>

BBVA Compass teams up with Dwolla for real-time payments

BBVA Compass customers is teaming up with the Dwolla digital currency platform to enable consumers to make real-time payments. BBVA Compass is bypassing the traditional routes and using Dwolla’s FiSync protocol, which enables the confirmation of good funds, secure authentication and real-time availability of money to and from the Dwolla network. Transactions over $10 will incur a flat fee of… Continue reading >>