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Westpac to integrate Moven in internet banking

New Zealand’s Westpac Bank will integrate its online banking platform with start-up Moven’s mobile money management tool to enable customers manage their money through their smartphones, tablets or desktop. Moven, which is positioning itself as a branchless bank, provides downloadable bank accounts for customers. Westpac customers will be able to track their spending through real-time mobile receipts that will be… Continue reading >>

Twitter and Stripe work on ‘in-tweet’ e-commerce purchases

Micro-blogging site Twitter is reportedly linking up with payments start-up Stripe to launch an ‘in-tweet’ e-commerce purchase feature, enabling users to enter payment information without leaving the site. Twitter is reportedly planning to add buttons within tweets that say ‘buy’, or similar, while businesses that want to sell inside tweets will have to sign up with Stripe to access the… Continue reading >>

eBay considering PayPal spin-off – report

Online auction house eBay is considering selling its PayPal unit next year, according to media reports. Tech site ‘The Information’ stated that during interviews for the vacant position of president of PayPal, candidates were informed about the potential sell-off. eBay has been coming under sustained pressure from investors and shareholders to sell PayPal, with notable investors like Carl Icahn claiming… Continue reading >>

A cashless future? CNN speaks with Payments Cards & Mobile

Payments Cards & Mobile is one of the featured contributors to a new CNN article examining new cashless payment technology including contactless cards and mobile payments. The article, which is part of CNN’s ‘Future Finance’ series, looks at how new ways of paying and spending are leading to a rise in cashless transactions. The area that’s currently seeing the biggest… 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 >>

eBay’s Braintree could accept bitcoin

Online auction site eBay is planning to integrate bitcoin into its Braintree payments service. The move comes after executives from eBay’s online payments unit PayPal held meetings with digital currency specialists, including Coinbase, about enabling bitcoin transactions through Braintree. The integration of bitcoin with Braintree would provide a major boost in usage and trust of the digital currency, which has… Continue reading >>

ACI Worldwide completes ReD acquisition

ACI Worldwide announced that it has completed the acquisition of Retail Decisions (ReD), a leader in fraud prevention solutions.  Under the terms of the agreement, ACI Worldwide acquired ReD for an all-cash purchase price of $205 million. UK-based ReD is a leading e-commerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues… Continue reading >>

First Data acquires Gyft

First Data has acquired Gyft, a platform offering a mobile app that allows consumers to organize, shop for, and send gift cards to others. Gyft’s service has expanded from a mobile gift card wallet only enabled for iOS to Android devices and the Internet, while accommodating cards from more than 200 merchants. First Data clients, which include more than 300… Continue reading >>

Sparda Bank Group is first in Germany to introduce digital wallet

In September 2013 MasterCard and Worldline started their cooperation on the provision of the first digital wallet platform with open interfaces available for card-issuing institutes. During Q4 2014 a new, ‘futuristic’ digital wallet solution will be available to Sparda Banks roughly 700,000 customers via internet. The underlying technology of the wallet environment was developed for the Sparda Banks Group by Worldline which meet… Continue reading >>