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Japan’s payment paradox

A new report from payment consultancy Aite Group states that despite Japan being viewed as one of the most advanced payments nations in the world, it remains a cash-intensive society. Japan has had mobile payments since 2004, with thousands of contactless POS terminals deployed in its transit systems, and terminals gracing nearly 50,000 retail locations across the country. Based on… Continue reading >>

MasterCard and Samsung extend Samsung Pay in Europe

MasterCard and Samsung Electronics have announced they are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver the mobile payment service Samsung Pay in Europe. Samsung Pay will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies. European card… Continue reading >>

Citibank India and MasterCard launch Citi MasterPass

Citibank India and MasterCard announced the launch of Citi MasterPass, the first global digital wallet in India, making Citibank debit and credit card customers the first in the country to be able to shop at more than 250,000 e-commerce merchants, located in India and worldwide. “Over the last two years, we have seen an increase of over 76% in e-commerce transactions… Continue reading >>

Instant payments at POS – overcoming customer and merchant barriers

Over the past several years, instant payments have become an increasingly important part of the payments landscape. The Euro Retail Payments Board (ERPB), European Central Bank (ECB), European Payments Council (EPC) and several national organisations have recently made announcements addressing the implications and regulation of this new payment option, as well as the impact of its rise on the operations… Continue reading >>

Stripe lands new funding with Visa

Stripe has won a new round of funding from investors that include Visa, Sequoia Capital and American Express, the funding values the company at $5 billion. The actual value of the funding has not been confirmed, but speculation suggests it is near the $100 million mark. The most interesting aspect of the deal is the recruitment of Visa to Stripe. The company says it has… Continue reading >>

Apple e-commerce platform based on your credit card balance

Who said payments wasn’t sexy? Just weeks after applying for a new P2P payments patent and the launch of Apple Pay in the UK, it is rumoured that Apple has filed yet another payments related patent. For a company whose CEO has repeatedly asserted that it is not interested in selling its customer data to advertisers, Apple is putting a… Continue reading >>

Buy Buttons aim to entice mobile shoppers

Now several companies, including Google, Facebook, Twitter and Pinterest, are trying to bridge the gap between mobile browsing and desktop purchasing with a simple “buy” button. Buy buttons have been around since the early days of the web, of course, notably with Amazon’s “One-Click Ordering,” where people set up a button that runs their credit card and ships whatever they… Continue reading >>

Walmart India in deal with M-Pesa

Vodafone India has formed a strategic partnership with Walmart India that will enable business members of Walmart-owned Best Price wholesale stores to make payments using the M-Pesa mobile wallet services. The partnership will enable business members of six Best Price modern wholesale stores, owned and operated by Walmart India, to make payments using Vodafone’s M-Pesa mobile wallet service from their cellphones anywhere, anytime…. Continue reading >>

AmEx reveals online checkout service

American Express has revealed an online checkout service that works across desktop, mobile and apps to let US card holders make payments with their existing AmEx user ID and password, without having to create or manage a new account. The company has also teamed up with payment platform Stripe to extend the solution to all Stripe participating merchants. “With AmEx Express Checkout, card… Continue reading >>