Second Menu

VeriFone signs mobile money deal with Airtel Africa

VeriFone Mobile Money and Airtel Africa, part of the Bharti Airtel Group, are teaming up to offer VeriFone Mobile Money’s merchant enablement applications for mobile ‘Tap n Pay’ services across their 17 operating companies in Africa. VeriFone Mobile Money will implement a full suite of retail enablement applications integrated to VeriFone’s range of payment devices across the group, enabling the… Continue reading >>

UPS becomes latest data breach victim

Package delivery giant UPS has become the latest company to admit that customer payment card details may be at risk after it discovered malware at 51 of its US stores. UPS says that customers who used credit and debit cards at 51 of its 4,470 franchised sites between 20 January and 11 August are at risk. Names, postal and email… Continue reading >>

EyeVerify biometric selfie tech gets backing

A tech company specialising in biometric selfies for use in banking authentication has received $6 million in funding to expand the company’s proposition. EyeVerify’s self-verification technology, Eyeprint ID, enables smartphone users to take photographs of their eyeball. EyeVerify then pattern-matches the blood vessels within the eye to unlock the user’s bank account. EyeVerify has received a second round of Series… Continue reading >>

PFS launches first prepaid MasterCard for Finland

UK prepaid solution provider Prepaid Financial Services (PFS) has announced the launch of the Airopay card, the first prepaid MasterCard in Finland. The card is denominated in euros and is available to the public. The card is aimed specifically at loan pay-outs – cardholders can load directly from a bank account using several Finnish banks. Noel Moran, CEO of PFS,… Continue reading >>

Russia forges closer ties with China UnionPay

Russia’s MDM Bank has partnered with Chinese payment network China UnionPay (CUP) to issue CUP-branded cards. Other Russian banks, including Alfa Bank, Gazprombank and Bank of Moscow are also preparing to start implementing and issuing CUP card capability, according to Russian press reports. MDM Bank has also stated that CUP cardholders will be able withdraw cash at MDM Bank’s ATMs… Continue reading >>

M-Pesa transaction fees cut

M-Pesa, the African mobile money phenomenon, will see its transaction fees for low-value payments being significantly reduced as its owner, Vodafone subsidiary Safaricom, prepares to fight competition from rival services in Kenya. Kenya’s Equity Bank is preparing to launch a service boasting lower transaction fees than M-Pesa, charging a 1% fee capped at KES 0.25. M-Pesa doesn’t cap charges but… Continue reading >>

PayPal launches One Touch mobile check-out

PayPal has launched a new mobile ap product, One Touch, for merchants and app developers. One Touch has been built in conjunction with eBay unit Braintree, and is modeled on Braintree’s Venmo Touch product. Venmo offers a social app enabling users to quickly send money to each other, then cash out to a bank overnight. Venmo Touch was introduced as… Continue reading >>

Overstock rolls out bitcoin globally

E-commerce giant Overstock has announced that bitcoin payments will be available on its international website from 1 September. Patrick Byrne, CEO of Overstock.com, has announced that the company intends to expand its bitcoin payments programme to international customers in the next four to six weeks. Currently, the option to pay for purchases in bitcoin has only been available to US… Continue reading >>

UK banks launch bounced fee system

UK banks are launching a ‘retry’ system that will give customers a second chance to avoid bounced payments and their associated fees. From 1 September, when a customer’s standing order, direct debit or future-dated payment bounces because of insufficient funds in the account, the payment will be processed again by their bank or building society later the same day. This… Continue reading >>

TIS Americas, Allied Payment Network team on mobile bill payments

Top Image Systems, a provider of enterprise content management and business process management solutions, and a mobile imaging platform provider, has forged a long-term transaction-based deal with Allied Payment Network to implement MobiPAY, TIS’ self-service mobile bill payment application, within PicturePay, Allied’s mobile photo bill pay solution. Allied provides online and mobile bill payment services to financial institutions including banks… Continue reading >>