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SIX and BNP Paribas Fortis launch new POS and acquiring services

BNP Paribas Fortis and SIX Payment Services (SIX) are entering into a unique partnership, targeted to acquiring services to merchants of all sizes and industries in Belgium. BNP Paribas Fortis and SIX will be providing merchants with comprehensive payment solutions, from payment terminals to acquiring services. It is the intention to be the first real alternative in the Belgian market… Continue reading >>

First Data hits India through mPOS roll out

First Data is to roll out their mPOS solution that is set to make payment acceptance faster and secure for the Indian merchant community in partnership with Mahindra Comviva. Th solution enables businesses, including small and medium enterprises and service professionals, to utilize their mobile phone as a POS device and drive transaction volumes by letting consumers use card-based payment instruments. This… Continue reading >>

Domestic schemes – set for domination?

The launch of RuPay in India and plans for a Russian payment network indicate a resurgence in domestic schemes, but at what cost to the international players? While Europe’s banks and regulators are still mulling over the possibility of a third debit scheme in Europe to rival Visa and MasterCard, India and Russia are getting down to business, albeit for… Continue reading >>

Banking and Payment vertical continues to offer strong growth for smart cards

The global market for smart cards  will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. In 2015, multiple financial institutions in the US are expected to make their payment cards EMV-complaint. Countries in the Middle East, Africa and Asia-Pacific will follow suit. New analysis from Frost… Continue reading >>

Apple Pay to work with China UnionPay

Apple may work with China’s leading issuer of credit cards China UnionPay to offer Apple Pay via NFC (Near Field Communication) supported payment systems with its latest smartphone, the iPhone 6. The NFC system could challenge the dominance of the QR code popular among Chinese third-party payment services. The newly announced Apple Pay allows iPhone 6, iPhone 6 Plus and Apple Watch… Continue reading >>

Retailers welcome ruling on card fees

UK retailers have today welcomed an historic court ruling to end card fees retailers pay banks to process card payments (known as interchange fees). Today’s judgement by the European Court of Justice comprehensively and decisively supports retailers’ decade-long campaign for a reduction in card fees, which cost, the retailers argue, “UK businesses £1 billion a year, which would otherwise be… Continue reading >>

The most comprehensive hub to accelerate mobile payment

Gemalto has introduced its Allynis Trusted Services Hub, a business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy their value-added and mobile payment services across a comprehensive portfolio of smartphones and mobile networks around the world. Through Allynis Trusted Services Hub customers… Continue reading >>

Apple agrees interchange fee rebates for m-payments

Ahead of the launch of the iPhone 6 next week, tech giant Apple has reportedly negotiated deals with several US issuers to give Apple back a portion of card-present interchange fees, around 15 to 25 basis points, on each transaction. The issuers have also agreed to extend card-present rates to Apple for all transactions involving their cards with Apple’s new… Continue reading >>

EVO Payments signs acquiring deal with Bank of Ireland

Global payment acquirer EVO Payments International (EVO) has entered into a long-term, exclusive relationship with Bank of Ireland to provide merchant acquiring services in the Republic of Ireland and Northern Ireland. The roll out of these services – which will be marketed under the name Bank of Ireland Payment Acceptance – will commence later this year. Under this exclusive arrangement,… Continue reading >>

CaixaBank to invest €500m in next-generation ATMs

Spain’s CaixaBank has signed an agreement with ATM manufacturer Fujitsu to manufacture 8,500 new terminals featuring cutting-edge technology and to innovate jointly on a global scale. The new ATMs are fitted with contactless readers capable of scanning cards, mobile phones and wearables, and all offer banknote recognition technology, among other improvements. CaixaBank boasts Spain’s largest ATM network and the third-largest… Continue reading >>