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BNZ deploys PayClip mPOS in New Zealand

Mint Payments has announced that its partnership with Bank of New Zealand (BNZ) has resulted in the successful deployment and enhancement of BNZ’s PayClip mPOS payments product. PayClip enables business owners in New Zealand to accept the full spectrum of card payments, including Visa, MasterCard and EFTPOS through methods such as NFC contactless, chip and PIN and magnetic swipe. According… Continue reading >>

UK consumers ready to drop banks for mobile – Zapp

UK mobile payment provider Zapp has released research which shows that 21 million UK consumers are ready to switch banks to access mobile payments, 33% of these within a year. According to Zapp’s research, UK consumer usage of mobile payments has risen by 64% in 15 months, and the number planning to do so is set to increase by 48%…. Continue reading >>

Cash overtaken by ‘non-cash’ payments in 2014

Figures published today show that the total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year (from 52% in 2013). This is the first time that ‘non-cash’ payments have exceeded those made with cash, reflecting the steady trend to use automated payment methods and debit cards rather than pay by… Continue reading >>

Payments bodies to standardise ISO 20022 real-time payments

Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of… Continue reading >>

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 >>

MasterCard launches personal payments service

MasterCard has launched MasterCard Send, a service designed to make it seamless for businesses, governments and others to send money to consumers around the world. Live in the US, MasterCard Send is being touted as a personal payments service that gives the likes of merchants and non-profits access to a platform from which they can send money to consumers whether… Continue reading >>

BPCE pilots dynamic CVV code for online shopping

France’s Banque Populaire and Caisse d’Epargne (BPCE) are piloting a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically. The cards will be offered to 1,000 customers of the banking group from September 2015. The bank says the technology, developed by Oberthur, will improve security for consumers… 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 >>

iZettle launches contactless dongle

mPOS specialist iZettle has launched a new hardware dongle that includes both chip and PIN and contactless payment functionality, along with support for Apple Pay. The Card Reader Pro Contactless is initially being distributed to select partners across the UK and will retail for around £79. Small businesses will be able to use the kit to immediately accept payments using… 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 >>