Second Menu

Australia’s eftpos launches online payments system

Australian POS payments system eftpos is testing a new system for online purchases at supermarket chain Coles. The system enables users to make online payments with a username and password, without having to enter their card details. The platform also offers real-time transaction updates on bank accounts and the ability for merchants and consumers to set their own limits to… Continue reading >>

mPOS player Payleven overhauls UK pricing model

European mPOS specialist Payleven is to drop its fixed pay-as-you-go transaction fees for UK customers that process more than £2,500 per month. A new tiered pricing model will see transaction fees start at 2.75% and drop to as little as 1.5% depending on how many transactions the merchant processes. A small business using Payleven, which processes more than £2,500 per… Continue reading >>

Alipay and Huawei team up for biometric mobile payments

China’s Alipay e-commerce platform has teamed up with handset manufacturer Huawei to develop a system enabling people make biometric mobile payments with their fingerprints. The system utilises the fingerprint reader of Huawei’s Mate 7 handset. Users of Alipay’s Wallet app will be able to confirm transactions with a fingerprint scan, eliminating the need for passwords. Biometric data is encrypted and… Continue reading >>

Syntec partners with Worldpay for phone payment processing

Global payment processor Worldpay and Syntec, a cloud call centre management service provider, have formed a global partnership which will enable businesses to accept telephone card payments securely without compromising end-user experience. The CardEasy ‘keypad payment by phone’ service reduces business operating costs by enabling phone card payment acceptance without the sensitive card information being visible to call centre agents,… Continue reading >>

Bitcoin could be considered legal tender in Australia

Australia’s tax commissioner has indicated that the bitcoin digital currency could be considered legal tender in the country. Several countries around the world are struggling over whether to classify bitcoin as a currency or as a commodity. Speaking at an event last week, the Australian tax commissioner, Chris Jordan, stated there was a push by some proponents to have bitcoin… Continue reading >>

UK urges Russian expulsion from Swift

The UK government is to urge European Union nations to expel Russian banks from the Swift financial messaging network, amid rising tensions over the crisis in Ukraine. UK prime minister David Cameron is to table a motion on Russian access to Swift at a meeting of EU leaders in Brussels. According to media reports, the UK will urge EU leaders… Continue reading >>

MasterCard-branded national eID card launched in Nigeria

Nigeria’s national eID card scheme has been officially launched. In the pilot phase, the Nigerian Identity Management Commission (NIMC) will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest roll-out of a biometric-based verification card with an electronic payment solution in the country and the broadest financial inclusion programme in Africa. The… Continue reading >>

Apple opts for NXP NFC chips for next iPhone

Tech giant Apple is working with global semiconductor manufacturer NXP to add secure short-range wireless technology into the next iPhone, enabling new pay-by-touch capabilities. The next release of the iPhone is due to take place on 9 September. NXP will provide the secure NFC chips that will allow an iPhone to connect with payment terminals or ticketing systems, as well… Continue reading >>

Ukash partners with Singapore’s YuuPay

Global online cash payment provider Ukash has partnered with YuuPay, the Singapore-based payment service provider. The agreement will enable around 400 merchants already using the YuuPay system in Asia, Australia and Europe to offer online transactions with Ukash. YuuPay offers payment processing of transactions for merchants across Asia Pacific, Japan, the US and Europe. Ukash enables consumers to use cash… Continue reading >>

Apple’s digital wallet patent references ‘virtualised currencies’

With tech giant Apple positioning itself to enter the mobile payment space, interest has been piqued by a recent digital wallet patent application that has just been made public. The patent application reveals the back-end architecture for a versatile mobile ‘omni-wallet’, which also references ‘virtualised currencies’. The back-end patent application outlines a digital wallet system that can handle digital debit… Continue reading >>