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Asian telcos form NFC alliance

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Four Asian telcos have formed an NFC alliance to ensure cross-border compatibility of mobile payment systems and branding. Japan’s KDDI, Chunghwa Telecom (Taiwan), Hong Kong Telecommunication and Korea’s SK Planet say the Asia NFC Alliance will jointly review standardisation of NFC tag specifications, common brand marks and NFC platforms and will work to resolve issues facing the popularisation and expansion… Continue reading >>

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Lusis Payments TANGO achieves 2,500 transactions per second

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Lusis Payments, a Global payments software and services provider, is proud to announce the results of a recent proof of concept that demonstrated that its TANGO platform is capable of processing 2,500 transactions per second for 48 hours straight hours without failure. “This is a major win for TANGO,” said Phillipe Preval, CEO of Lusis Payments. “The client was looking… Continue reading >>

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China becomes the world’s largest ATM market

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China became the world’s largest ATM market in 2013, surpassing the US, according to the latest report “ATMs in China 2014” strategic research and consulting firm Retail Banking Research (RBR). The number of ATMs in China has grown dramatically in recent years, but despite the large installed base and already high growth rate, growth still managed to accelerate in 2013…. Continue reading >>

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Contactless payments set to launch on TfL

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From 16 September Transport for London (TfL) will introduce contactless payments for all pay as you go customers on the Tube, London Overground, DLR and Trams in addition to the capital’s buses. The new option, which is part of a huge range of improvements TfL is making for customers, means that there will no longer be any need to spend… Continue reading >>

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Android cyberattacks on 34 European banks

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The ways your online banking accounts are protected might be full of holes. Banks have been trying to prevent crooks from accessing your online accounts for ages. Passwords, PINs, coordinate cards, TANs, session tokens – all of these were created to help prevent banking fraud and cyberattacks. We recently come across a criminal operation that aims to defeat one of… Continue reading >>

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Hackers attack on European Central Bank

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It seems that no organisation, large or small is safe. The European Central Bank (ECB) has been hacked, with attackers stealing email addresses and contact data from the organisation’s public website. In a statement, the bank said that no internal systems or market sensitive data were compromised. “The database serves parts of the ECB website that gather registrations for events… Continue reading >>

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Apple mobile wallet

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In a further round of speculation and rumour, Apple’s talks with companies in the payment industry have been heating up in recent months regarding the launch of a mobile wallet, according to a new report from The Information. Apple executives have discussed launching a mobile payment solution as soon as this fall, allowing users to pay for physical goods with their… Continue reading >>

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PSD2: A ‘bull by the horns’ approach to open access

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As the European Commission moves closer towards its ambitions of creating a single European payments market, one proposal put forward in Article 58 of the upcoming Payment Services Directive (PSD2) could have a far-reaching effect on the way payments are transacted across the 28-member bloc. The article includes a provision to regulate third party (so-called “third party payment service providers”)… Continue reading >>

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TSYS Q2 revenues upbeat

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TSYS announced its revenues for Q2 2014 increased by 30.4%, while its adjusted earnings per share (EPS) from continuing operations were $0.45, an increase of 19.8%. According to a company press release, total revenues year-to-date were $1.2 billion, an increase of 31.2%. Additionally, TSYS said that company revenues before reimbursable items were $1.1 billion, which is an increase of 35.7%. “We… Continue reading >>

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